Cheap Apartments for Rent in the Pralltown Neighborhood of Lexington, KY from $600 (44 Rentals)

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

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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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 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
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Park Plaza Apartments
$1,279 - $3,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $3,695
Total Monthly Price
$1,279 - $3,695
Studio to 2 Bedroom Apartments Available Now

Park Plaza Apartments

120 E Main StLexington, KY 40507
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
  • Utilities Included
Showing Results 1-44, 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 VELO Lexington priced from $745. Emerson Center 62+ Senior Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Pralltown apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
1901 Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$755
Townhomes & Flats at FontaineBuilding CStudio,1BA$800
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$819
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$895
The Vue Lexington1 Bed 1 Bath1BR,1BA$949

Best Value Apartments for Rent in Pralltown, KY

As of April 25, 2026 the best value apartment in the Pralltown area is the $1.29 price per square foot The Derby Model at Prime at Gardenside in the in the Stonewall Community neighborhood starting from $1,375. The second greatest value Pralltown 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 Pralltown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Prime at GardensideThe Derby2BR,2BA$1.29
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
Lakewood Park Apartments1BR/1.0BA1BR,1BA$1.42
The Paddock ApartmentsOne Bedroom1BR,1BA$1.32
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
Regency Apartments at SouthlandFurnished Executive Unit - 1B & 2B1BR,1BA$1.57
1901 Apartment Homes2 Bedrooms, 1 Bathroom2BR,1BA$1.13
The Life at LexingtonCypress1BR,1BA$1.57
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.38

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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
Pralltown, Lexington, KY

Ranked #23

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 $949.

What is the price of a cheap apartment in Pralltown?

The cheapest apartment in Pralltown is VELO Lexington which is listed at $745, 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 38 regular apartments in Pralltown 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 Pralltown?

Cheap apartments in Pralltown have an average cost of $1,008 which is $2,337 cheaper than the average rent for all rentals in Pralltown.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.