Cheap Apartments for Rent in the Outer Southwest Lexington Neighborhood of Lexington, KY from $500 (36 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Outer Southwest Lexington area of Lexington.

close
View Me
2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
  • Utilities Included
close
View Me
Malabu Bridge Condos
1 Bedroom Apartments

Malabu Bridge Condos

828 Malabu DrLexington, KY 40502
  • Utilities Included
close
View Me
1356 Royalty Ct
1 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
  • Utilities Included
close
View Me
Lansdowne Grove
1 to 2 Bedroom Apartments

Lansdowne Grove

3489 Lansdowne DrLexington, KY 40517
close
View Me
University Flats
2 to 4 Bedroom Apartments

University Flats

1160 University DrLexington, KY 40526
Student Housing
  • Utilities Included
Showing Results 1-36, Page 1 of 1

Outer Southwest Lexington, Lexington, KY Local Guide

Cheapest Available Outer Southwest Lexington Apartments for Rent

 

The cheapest available apartment rental in the Outer Southwest Lexington area of Lexington, KY is a 1 Bed unit found at VELO - Waller Avenue priced from $745. Brookhaven Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $840. Here are the most affordable Outer Southwest Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$840
Flats at TurflandRenovated 1 Bedroom - Open Concept1BR,1BA$895
Chelsea Apartments1 Bedroom1BR,1BA$895
Landing at Malabu852 Malabu - Newly-Renovated One Bedroom Apartm...1BR,1BA$895
Rivers at BluegrassClassic 1 Bed / 1 Bath1BR,1BA$899
The Axis at 1435StudioStudio,1BA$920
The MetropolitanWoodford1BR,1BA$935
Lansdowne ApartmentsLarge 1BR/1BA1BR,1BA$940
Regency Apartments at SouthlandTwo Bedroom/One Bath2BR,1BA$995

Best Value Apartments for Rent in Outer Southwest Lexington, KY

As of August 29, 2025 the best value apartment in the Outer Southwest Lexington area is the $1.39 price per square foot 3 Bedroom Townhome (1,220) Model at Landing at Tates Creek in the in the The Meadows At Brannon Crossing neighborhood starting from $1,695. The second greatest value Outer Southwest Lexington apartment is the 2 Bedroom 1.5 Bathroom Model at Tates Creek Village starting at $1,150 with a $0.96 price per square foot in the Lansdowne neighborhood. Here is today’s list of the best values for Outer Southwest Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Landing at Tates Creek3 Bedroom Townhome (1,220)3BR,2.5BA$1.39
Tates Creek Village2 Bedroom 1.5 Bathroom2BR,1.5BA$0.96
Saddlebrook at Tates CreekThe Arlington1BR,1.5BA$1.35
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.28
The Colony at the OaksThe Willow1BR,1BA$1.33
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.37
Barrel Oaks ApartmentsCozy Cul de Sac Apartment with Barrel Oaks Amen...2BR,1BA$1.40
The MetropolitanWoodford1BR,1BA$1.32
Chelsea Apartments1 Bedroom1BR,1BA$1.39
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$1.40

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Outer Southwest Lexington, Lexington, KY

Ranked #10

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Outer Southwest Lexington, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States and customized analysis for Southwest Central Lexington, KY. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Outer Southwest Lexington Apartments

What is the Cheapest Studio apartment in Outer Southwest Lexington?

Currently the most affordable Cheap Studio Apartment in Outer Southwest Lexington is at The Axis at 1435 listed at $920.

How much is rent for a Cheap One Bedroom Outer Southwest Lexington Apartment?

The lowest price for a Cheap One Bedroom Outer Southwest Lexington Apartment is $745 at VELO - Waller Avenue.

What is the lowest price for a Cheap Two Bedroom Outer Southwest Lexington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Outer Southwest Lexington is starting from $995 at Regency Apartments at Southland.

What is the most affordable Outer Southwest Lexington Three Bedroom Apartment?

The best deal on a cheap Outer Southwest Lexington Three Bedroom Apartment rental is at Barrel Oaks Apartments and starts from $1,399.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington

Written by: Catrina Cowart

Hi, I'm Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky, and I'm happy to talk to you about some of the neighborhoods that I've found to be particularly charming in this small city.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.