
Cheap Apartments for Rent in the Palomar Neighborhood of Lexington, KY from $500 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Palomar area of Lexington.


Total Monthly Price
Flats at Turfland
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Garden Springs Apartments

2173 Cypress Dr
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Palomar, Lexington, KY Local Guide

How much does it cost to rent an apartment in Palomar?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palomar Studio Apartments | $932 | $750 | $1,095 |
| Palomar 1 Bedroom Apartments | $1,056 | $875 | $1,541 |
| Palomar 2 Bedroom Apartments | $1,397 | $1,000 | $1,831 |
| Palomar 3 Bedroom Apartments | $1,923 | $1,785 | $2,225 |
Browse Apartments in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Palomar Neighborhood of Lexington, KY.
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Best Value Apartments for Rent in Palomar, KY
As of March 23, 2026 the best value apartment in the Palomar area is the $1.33 price per square foot 3x2 With Garage Model at The Tracery Apartments in the in the Stonewall Community neighborhood starting from $2,192. The second greatest value Palomar apartment is the 2 Bed 2 Bath Model at Shillito Park Apartments starting at $1,295 with a $1.15 price per square foot in the The Meadows At Brannon Crossing neighborhood. Here is today’s list of the best values for Palomar apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Tracery Apartments | 3x2 With Garage | 3BR,2BA | $1.33 |
| Shillito Park Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.15 |
| Palomar View Apartments | 2 Bedroom | 2BR,2BA | $1.40 |
| Palomar Stables | 2 Bedroom | 2BR,2BA | $1.48 |
| Palomar Woods | 2 Bedroom | 2BR,2BA | $1.50 |
| 2204 Winterberry Dr, Unit Side A | 2204 Winterberry Dr | 2BR,1BA | $1.11 |
| rmLexington | RM-10 | 1BR,1BA | $1.50 |
| Harrods Point Apartments - Newly remodeled | 1 Bedroom FULLY RENOVATED | 1BR,1BA | $1.24 |
| The Wellington | 1 Bedroom | 1BR,1BA | $1.42 |
| The Vue Lexington | 1 Bed 1 Bath | 1BR,1BA | $1.58 |
Frequently Asked Questions about Cheap Palomar Apartments
What is a cheap apartment in Palomar?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Palomar is under $1,295.
What is the price of a cheap apartment in Palomar?
The cheapest apartment in Palomar is Emerson Center 62+ Senior Apartments which is listed at $875, while the average apartment in Palomar costs $1,930.
What types of apartments are the cheapest in Palomar?
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 11 regular apartments in Palomar 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 Palomar?
Cheap apartments in Palomar have an average cost of $272 which is $1,658 cheaper than the average rent for all rentals in Palomar.
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.
Articles, How-To's, and Tips

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.