Cheap Apartments for Rent in the Outer Southwest Lexington Neighborhood of Lexington, KY from $500 (66 Rentals)

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

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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

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

Malabu Bridge Condos

828 Malabu DrLexington, KY 40502
  • Utilities Included

The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent

Discover Lexington's unique balance of lively downtown growth, university energy, and friendly Southern spirit. A local guide to neighborhoods, dining, and outdoor life.

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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 Lexington priced from $745. Emerson Center 62+ Senior Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Outer Southwest Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$845
Tates Creek VillageStudioStudio,1BA$850
The Callaway1x1-A1BR,1BA$920
Canter PointeAffirmed - 1x11BR,1BA$949
The Vue Lexington1 Bed 1 Bath1BR,1BA$949
Creeks on KirklevingtonThe Calloway1BR,1BA$964
Regency Apartments at SouthlandTwo Bedroom/One Bath2BR,1BA$995
Flats at TurflandFlat - Kitchen Bar1BR,1BA$995

Best Value Apartments for Rent in Outer Southwest Lexington, KY

As of May 28, 2026 the best value apartment in the Outer Southwest Lexington area is the $1.46 price per square foot C1 University - 3br - Three Bedroom, Two Bathroom Model at Bridle Creek Apartments in the in the The Meadows At Brannon Crossing neighborhood starting from $1,776. The second greatest value Outer Southwest Lexington apartment is the Guadalupe Model at Saddle Run Townhomes starting at $1,427 with a $1.33 price per square foot in the The Meadows At Brannon Crossing 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.
Bridle Creek ApartmentsC1 University - 3br - Three Bedroom, Two Bathroom3BR,2BA$1.46
Saddle Run TownhomesGuadalupe2BR,1.5BA$1.33
Barrel Oaks ApartmentsStretch Out and Settle In To This 3 Bedroom, 2 ...3BR,2BA$1.31
Prime at GardensideThe Derby2BR,2BA$1.29
The Wellington2 Bedroom2BR,1BA$1.31
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.24
The Colony at the OaksThe Willow1BR,1BA$1.45
The MetropolitanWoodford1BR,1BA$1.46
Canter PointeAffirmed - 1x11BR,1BA$1.36
The Callaway1x1-A1BR,1BA$1.34

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 a cheap apartment in Outer Southwest Lexington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Outer Southwest Lexington is under $995.

What is the price of a cheap apartment in Outer Southwest Lexington?

The cheapest apartment in Outer Southwest Lexington is VELO Lexington which is listed at $745, while the average apartment in Outer Southwest Lexington costs $1,792.

What types of apartments are the cheapest in Outer Southwest Lexington?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Outer Southwest Lexington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Outer Southwest Lexington?

Cheap apartments in Outer Southwest Lexington have an average cost of $116 which is $1,676 cheaper than the average rent for all rentals in Outer Southwest Lexington.

Expert Rental Resources

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.

Helpful Local Expert Guides

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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.

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The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

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The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington

Written by: Catrina Cowart

Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.

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