Cheap Apartments for Rent in the Picadome Neighborhood of Lexington, KY from $500 (76 Rentals)

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

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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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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property at 402 Gunn St

$950 - $1,025

1 Bedroom Rentals

Available Now

402 Gunn St

LexingtonKY40508

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
  • Utilities Included
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Hillrise Place
Studio Apartments

Hillrise Place

709 Hill Rise CtLexington, KY 40504
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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
  • Utilities Included

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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Picadome, Lexington, KY Local Guide

Cheapest Available Picadome Apartments for Rent

 

The cheapest available apartment rental in the Picadome area of Lexington, KY is a 1 Bed unit found at 1901 Apartment Homes priced from $620. VELO - Waller Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Picadome apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$620
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Preakness ApartmentsP111BR,1BA$750
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$819
Park VistaPV1.11BR,1BA$829
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$895

Best Value Apartments for Rent in Picadome, KY

As of February 06, 2026 the best value apartment in the Picadome area is the $0.95 price per square foot Two Bedroom Model at The Stretch in the in the Downtown Lexington neighborhood starting from $930. The second greatest value Picadome apartment is the 2 Bedrooms W/ Balcony Model at Thoroughbred Crossing starting at $1,200 with a $1.25 price per square foot in the Beaumont Residential neighborhood. Here is today’s list of the best values for Picadome apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The StretchTwo Bedroom2BR,2BA$0.95
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
Preakness ApartmentsP313BR,1BA$1.14
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
MidTown Apartments1 Bedroom1BR,1BA$1.17
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$0.83
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.37
Park VistaPV1.11BR,1BA$1.12
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.38
Oxford Circleoxf 1.11BR,1BA$1.36

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

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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Pet Friendly Lifestyle
Picadome, Lexington, KY

Ranked #12

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Picadome, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Picadome, Lexington, and the greater Lexington area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, family-friendly amenities, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Picadome Apartments

What is a cheap apartment in Picadome?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Picadome is under $895.

What is the price of a cheap apartment in Picadome?

The cheapest apartment in Picadome is 1901 Apartment Homes which is listed at $620, while the average apartment in Picadome costs $5,000.

What types of apartments are the cheapest in Picadome?

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 42 regular apartments in Picadome 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 Picadome?

Cheap apartments in Picadome have an average cost of $853 which is $4,147 cheaper than the average rent for all rentals in Picadome.

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

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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.

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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.

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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.

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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.