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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 Jun 15
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 | $932 | $750 | $1,095 |
| Palomar 1 Bedroom Apartments | $1,159 | $775 | $1,692 |
| Palomar 2 Bedroom Apartments | $1,442 | $910 | $1,904 |
| Palomar 3 Bedroom Apartments | $1,942 | $1,779 | $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 May 08, 2026 the best value apartment in the Palomar area is the $1.41 price per square foot 3 Bedroom Model at Palomar View Apartments in the in the Stonewall Community neighborhood starting from $1,851. The second greatest value Palomar apartment is the RM-20G Model at rmLexington starting at $1,760 with a $1.49 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. |
|---|---|---|---|
| Palomar View Apartments | 3 Bedroom | 3BR,2BA | $1.41 |
| rmLexington | RM-20G | 2BR,2BA | $1.49 |
| Beaumont Farms Apartments | Vettori | 2BR,2BA | $1.68 |
| Prime at Gardenside | The Derby | 2BR,2BA | $1.29 |
| Palomar Stables | 1 Bedroom | 1BR,1BA | $1.81 |
| Shillito Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.24 |
| 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 |
| Flats at Turfland | Flat - Kitchen Bar | 1BR,1BA | $1.83 |
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 $1,438.
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 $1,969.
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 8 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 $186 which is $1,783 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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.