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Rent Specials
$750 - $979Studio to 1 Bedroom Apartments Available Now
Emerson Center 62+ Senior Apartments
2050 Garden Springs DrLexington, KY 40504
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.
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$895 - $9451 Bedroom Apartments Available Now
Flats at Turfland
2315 Harrodsburg RdLexington, KY 40504
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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Studio Apartments
Garden Springs Apartments
2001 Garden Springs DrLexington, KY 40504
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1 Bedroom Apartments
2173 Cypress Dr
2173 Cypress DrLexington, KY 40504
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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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 | $1,120 | $875 | $1,541 |
| Palomar 2 Bedroom Apartments | $1,375 | $1,000 | $1,831 |
| Palomar 3 Bedroom Apartments | $1,919 | $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 January 29, 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 |
| rmLexington | RM-10G | 1BR,1BA | $1.65 |
| Prime at Gardenside | The Fritz | 2BR,1BA | $1.31 |
| The Wellington | 2 Bedroom | 2BR,1BA | $1.43 |
| Harrods Point Apartments - Newly remodeled | 1 Bedroom FULLY RENOVATED | 1BR,1BA | $1.24 |
| The Vue Lexington | 1 Bed 1 Bath | 1BR,1BA | $1.66 |
| Flats at Turfland | Flat - Kitchen Bar | 1BR,1BA | $1.74 |
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 $1,520.
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 $1,910.
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 9 regular apartments in Palomar 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.
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.
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.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.