Cheap Apartments for Rent in the Outer Southwest Lexington Neighborhood of Lexington, KY from $510 (67 Rentals)

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

Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

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property at 2121 Nicholasville Rd

$1,180

Total Monthly Price

Total Monthly Price

Base Rent
$1,180
Total Monthly Price
$1,180

1 Bedroom, 1 Bath Condo for Rent

Available Now

2121 Nicholasville Rd, Unit 801

2121 Nicholasville Rd
LexingtonKY40503

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Studio unit found at Emerson Center 62+ Senior Apartments priced from $750. Wellington Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Outer Southwest Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Wellington Park ApartmentsOne Bed One Bath1BR,1BA$775
Lansdowne ApartmentsSmall 1BR/1BA1BR,1BA$865
VELO LexingtonFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$895
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$895
Chelsea Apartments1 Bedroom1BR,1BA$895
Rivers at Bluegrass1 Bed, 1 Bath1BR,1BA$900
The Axis at 1435StudioStudio,1BA$970
Prime at GardensideA11BR,1BA$975
The MetropolitanWoodford1BR,1BA$994

Best Value Apartments for Rent in Outer Southwest Lexington, KY

As of August 26, 2026 the best value apartment in the Outer Southwest Lexington area is the $1.25 price per square foot The Woodford Townhome Model at Merrick Place in the in the Lansdowne neighborhood starting from $2,295. The second greatest value Outer Southwest Lexington apartment is the 3 Bedroom 2.5 Bathroom Model at Tates Creek Village starting at $1,550 with a $1.03 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.
Merrick PlaceThe Woodford Townhome3BR,2.5BA$1.25
Tates Creek Village3 Bedroom 2.5 Bathroom3BR,2.5BA$1.03
Creeks on KirklevingtonThe Pointe Pleasant2BR,1.5BA$1.20
Saddle Run TownhomesPasadena2BR,1.5BA$0.96
Limestone Square/Medical Villas2 Bedroom w/ Study2BR,2BA$1.31
Breckinridge Court2 Bd 1 Bth 913 sf (b3)2BR,1BA$1.30
MAA MansionBradford2BR,1BA$1.38
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.24
Rivers at Bluegrass1 Bed, 1 Bath1BR,1BA$1.20
Wellington Park ApartmentsOne Bed One Bath1BR,1BA$1.21

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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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.

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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 $994.

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

The cheapest apartment in Outer Southwest Lexington is Wellington Park Apartments which is listed at $775, while the average apartment in Outer Southwest Lexington costs $1,245.

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 21 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 $498 which is $747 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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Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

Written by: Catrina Cowart

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

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

Written by: Catrina Cowart

I'm Catrina, your ApartmentHomeLiving.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.