Cheap Apartments for Rent in the Outer West Lexington Neighborhood of Lexington, KY from $500 (41 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Hillrise Place
Studio Apartments

Hillrise Place

709 Hill Rise CtLexington, KY 40504

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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1356 Royalty Ct
1 to 2 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
  • Utilities Included
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1592 Alexandria Dr
1 to 2 Bedroom Apartments

1592 Alexandria Dr

1592 Alexandria DrLexington, KY 40504
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Preakness Apartments
1 to 3 Bedroom Apartments

Preakness Apartments

1707-1724 Versailles RdLexington, KY 40504
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Oxford Circle
1 Bedroom Apartments

Oxford Circle

1805 Oxford CirLexington, KY 40504
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
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Stableview
2 Bedroom Apartments

Stableview

1050 Horsemans LnLexington, KY 40504
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
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Park Vista
1 to 2 Bedroom Apartments

Park Vista

1270 Village DrLexington, KY 40504
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Cambridge Park
1 to 2 Bedroom Apartments

Cambridge Park

2045 Cambridge DrLexington, KY 40504
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Whitney Woods
2 to 3 Bedroom Apartments

Whitney Woods

700 Whitney Woods PlLexington, KY 40504

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-41, Page 1 of 1

Outer West Lexington, Lexington, KY Local Guide

Cheapest Available Outer West Lexington Apartments for Rent

 

The cheapest available apartment rental in the Outer West Lexington area of Lexington, KY is a 1 Bed unit found at VELO - Waller Avenue priced from $745. Preakness Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Outer West Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Preakness ApartmentsP111BR,1BA$750
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$799
Park VistaPV1.11BR,1BA$829
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
The Axis at 1435StudioStudio,1BA$920
Prime at GardensideThe Beaumont1BR,1BA$975
Preserve LexingtonA11BR,1BA$983

Best Value Apartments for Rent in Outer West Lexington, KY

As of October 22, 2025 the best value apartment in the Outer West Lexington area is the $0.91 price per square foot 3 Bedrooms, 2 Bathrooms Model at Twenty Two Twenty in the in the Beaumont Residential neighborhood starting from $1,000. The second greatest value Outer West Lexington apartment is the 2 Bedrooms W/ Balcony Model at Thoroughbred Crossing starting at $1,200 with a $1.25 price per square foot in the Beaumont Residential neighborhood. Here is today’s list of the best values for Outer West Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Twenty Two Twenty3 Bedrooms, 2 Bathrooms3BR,2BA$0.91
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
Park VistaPV1.11BR,1BA$1.12
Belmont Run ApartmentsOne Bedroom1BR,1BA$1.56
Preakness ApartmentsP111BR,1BA$1.12
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$1.15
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.38
The Vue Lexington1 Bed 1 Bath1BR,1BA$1.66
Prime at GardensideThe Summit1BR,1BA$1.67
Oxford Circleoxf 1.11BR,1BA$1.36

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Pet Friendly Lifestyle
Outer West Lexington, Lexington, KY

Ranked #31

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Outer West Lexington, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Outer West Lexington, Lexington, and the greater Lexington area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, apartment communities for the kids, raising pets, transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Outer West Lexington Apartments

What is a cheap apartment in Outer West Lexington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Outer West Lexington is under $983.

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

The cheapest apartment in Outer West Lexington is VELO - Waller Avenue which is listed at $745, while the average apartment in Outer West Lexington costs $4,625.

What types of apartments are the cheapest in Outer West 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 25 regular apartments in Outer West 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 West Lexington?

Cheap apartments in Outer West Lexington have an average cost of $786 which is $3,839 cheaper than the average rent for all rentals in Outer West Lexington.

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.