Cheap Apartments for Rent in the Pralltown Neighborhood of Lexington, KY from $600 (39 Rentals)

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

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305 E Maxwell St, Unit #1
$1,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000
1 Bedroom Apartment Available Aug 1

305 E Maxwell St, Unit #1

305 E Maxwell StLexington, KY 40508
Affordability

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property at 123 Montmullin St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

123 Montmullin St

LexingtonKY40508
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The Paddock Apartments
$1,125 - $1,265
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,265
Total Monthly Price
$1,125 - $1,265
1 to 2 Bedroom Apartments Available Now

The Paddock Apartments

416 Hollow Creek RdLexington, KY 40511
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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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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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
  • Utilities Included
Showing Results 1-39, Page 1 of 1

Pralltown, Lexington, KY Local Guide

Cheapest Available Pralltown Apartments for Rent

 

The cheapest available apartment rental in the Pralltown 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 Pralltown 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
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
Townhomes & Flats at FontaineBuilding A1BR,1BA$845
Shorelake ApartmentsMedium 1 Bedroom1BR,1BA$860
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$895

Best Value Apartments for Rent in Pralltown, KY

As of March 11, 2026 the best value apartment in the Pralltown area is the $0.92 price per square foot House Model at MidTown Apartments in the in the Montclair neighborhood starting from $1,445. The second greatest value Pralltown apartment is the 2 Bedroom Garden floor Model at Thoroughbred Crossing starting at $1,100 with a $1.22 price per square foot in the Beaumont Residential neighborhood. Here is today’s list of the best values for Pralltown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
MidTown ApartmentsHouse4BR,4BA$0.92
Thoroughbred Crossing2 Bedroom Garden floor2BR,1BA$1.22
The Paddock ApartmentsOne Bedroom1BR,1BA$1.32
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$0.83
Belmont Run ApartmentsOne Bedroom1BR,1BA$1.56
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22
Shorelake ApartmentsMedium 1 Bedroom1BR,1BA$1.34
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.38
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$1.49

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

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

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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
Pralltown, Lexington, KY

Ranked #40

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Pralltown Apartments

What is a cheap apartment in Pralltown?

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

What is the price of a cheap apartment in Pralltown?

The cheapest apartment in Pralltown is 1901 Apartment Homes which is listed at $620, while the average apartment in Pralltown costs $3,345.

What types of apartments are the cheapest in Pralltown?

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 55 regular apartments in Pralltown 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

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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.