Cheap Apartments for Rent in the Outer West Lexington Neighborhood of Lexington, KY from $510 (70 Rentals)

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

property at 733 Hill Rise Ct
$750 - $1,150
1 To 3 Bedroom Rentals
Available Now
Affordability

733 Hill Rise Ct

LexingtonKY40504
property at 1081 Cross Keys Rd
$875 - $1,800
1 Bedroom Rentals
Available Now
Affordability

1081 Cross Keys Rd

LexingtonKY40504

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

Finding the right neighborhood near your Lexington workplace doesn't have to be complicated. Our local expert breaks down the best areas to rent near Toyota, UK, Lexmark, and more.

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Oxford Circle
$1,022 - $1,222

Total Monthly Price

Base Rent$1,022 - $1,222
Total Monthly Price$1,022 - $1,222
1 Bedroom Apartments Available Now

Oxford Circle

1805 Oxford CirLexington, KY 40504
Affordability
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 205 Simpson Ave
$1,579

Total Monthly Price

Base Rent$1,579
Total Monthly Price$1,579
3 Bedroom, 2 Bath Condo for Rent
Available Now
Affordability

205 Simpson Ave, Unit 212

205 Simpson Ave
LexingtonKY40504
property at 261 Simpson Ave
$1,700

Total Monthly Price

Base Rent$1,700
Total Monthly Price$1,700
3 Bedroom, 2 Bath Condo for Rent
Available Now
Affordability

261 Simpson Ave, Unit 226

261 Simpson Ave
LexingtonKY40504
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Hillrise Place
Studio Apartments

Hillrise Place

709 Hill Rise CtLexington, KY 40504

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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1356 Royalty Ct
1 to 2 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
  • Utilities Included
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Preakness Apartments
1 to 3 Bedroom Apartments

Preakness Apartments

1707-1724 Versailles RdLexington, KY 40504
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1592 Alexandria Dr
1 to 2 Bedroom Apartments

1592 Alexandria Dr

1592 Alexandria DrLexington, KY 40504
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

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

Stableview

1050 Horsemans LnLexington, KY 40504
  • Utilities Included

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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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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1340 Royalty Court
1 Bedroom Apartments

1340 Royalty Court

1340 Royalty CtLexington, KY 40504
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Whitney Woods
2 to 3 Bedroom Apartments

Whitney Woods

700 Whitney Woods PlLexington, KY 40504
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Christian Tpwers
1 Bedroom Apartments

Christian Tpwers

1511 Versailles RdLexington, KY 40504
Senior Living
  • 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 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 Preakness Apartments priced from $750. 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 West Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Preakness ApartmentsP111BR,1BA$750
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
Park VistaPV1.11BR,1BA$829
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$895
VELO LexingtonFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$895
Parkside Apartments2 Bedroom2BR,1BA$910
1901 Apartments1BR - 1BTH Enhanced1BR,1BA$945
2220 Apartments2BR - 1.5BTH2BR,1BA$955
The Axis at 1435StudioStudio,1BA$970

Best Value Apartments for Rent in Outer West Lexington, KY

As of September 10, 2026 the best value apartment in the Outer West Lexington area is the $1.31 price per square foot 2 Bedroom w/ Study Model at Limestone Square/Medical Villas in the in the Montclair neighborhood starting from $1,240. The second greatest value Outer West Lexington apartment is the 525: 2 Bed - 2 Bath Model at Latitude Lexington starting at $999 with a $1.07 price per square foot in the Downtown Lexington 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.
Limestone Square/Medical Villas2 Bedroom w/ Study2BR,2BA$1.31
Latitude Lexington525: 2 Bed - 2 Bath2BR,2BA$1.07
Thoroughbred Crossing2 Bedroom Garden floor2BR,1BA$1.22
2220 Apartments2BR - 1.5BTH Renovated2BR,1.5BA$1.29
SignatureThe Derby2BR,2BA$1.47
Parkside Apartments2 Bedroom2BR,1BA$1.13
Park VistaPV1.11BR,1BA$1.12
Oxford Circleoxf 1.11BR,1BA$1.46
Preakness ApartmentsP111BR,1BA$1.12
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$1.15

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 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 $970.

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

The cheapest apartment in Outer West Lexington is Preakness Apartments which is listed at $750, while the average apartment in Outer West Lexington costs $1,107.

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 33 regular apartments in Outer West Lexington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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