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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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$775 - $9101 to 2 Bedroom Apartments Available Now
Wellington Park Apartments
3125 Dorchester PlLexington, KY 40503
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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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
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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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 | $884 | $750 | $950 |
| Palomar 1 Bedroom Apartments | $1,264 | $775 | $1,629 |
| Palomar 2 Bedroom Apartments | $1,493 | $910 | $1,904 |
| Palomar 3 Bedroom Apartments | $1,890 | $1,737 | $2,314 |
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 June 22, 2026 the best value apartment in the Palomar area is the $1.32 price per square foot 3 Bedroom Model at Palomar View Apartments in the in the Stonewall Community neighborhood starting from $1,736. The second greatest value Palomar apartment is the 2x2 With Garage Model at The Tracery Apartments starting at $1,904 with a $1.64 price per square foot in the Stonewall Community 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. |
|---|---|---|---|
| Palomar View Apartments | 3 Bedroom | 3BR,2BA | $1.32 |
| The Tracery Apartments | 2x2 With Garage | 2BR,2BA | $1.64 |
| Prime at Gardenside | The Derby | 2BR,2BA | $1.29 |
| 2204 Winterberry Dr, Unit Side A | 2204 Winterberry Dr | 2BR,1BA | $1.11 |
| Shillito Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.24 |
| Harrods Point Apartments - Newly remodeled | 1 Bedroom FULLY RENOVATED | 1BR,1BA | $1.24 |
| BFA | 1BR/1.0BA | 1BR,1BA | $1.55 |
| The Wellington | 1 Bedroom | 1BR,1BA | $1.58 |
| Wellington Park Apartments | One Bed One Bath | 1BR,1BA | $1.21 |
| The Vue Lexington | 1 Bed 1 Bath | 1BR,1BA | $1.66 |
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 $1,159.
What is the price of a cheap apartment in Palomar?
The cheapest apartment in Palomar is Wellington Park Apartments which is listed at $775, while the average apartment in Palomar costs $1,810.
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 6 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 $102 which is $1,708 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.
Helpful Local Expert Guides
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.
The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
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The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington
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Articles, How-To's, and Tips
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.