Cheap Apartments for Rent in the S. Broadway Park Neighborhood of Lexington, KY from $600 (17 Rentals)

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Search the lowest-cost Apartments available for rent right now in the S. Broadway Park 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.

property at 261 Simpson Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

3 Bedroom, 2 Bath Condo for Rent

Available Jul 15

261 Simpson Ave, Unit 226, Unit 226

261 Simpson Ave
LexingtonKY40504

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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1356 Royalty Ct
1 to 2 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
  • Utilities Included
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
  • Utilities Included
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Medical Villas
1 Bedroom Apartments

Medical Villas

180 Leader AveLexington, KY 40508
Student Housing
  • Utilities Included

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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Red Mile Square Townhomes
4 to 5 Bedroom Apartments

Red Mile Square Townhomes

1125 Unity DrLexington, KY 40504
Student Housing
  • Utilities Included

S. Broadway Park, Lexington, KY Local Guide

Cheapest Available S. Broadway Park Apartments for Rent

 

The cheapest available apartment rental in the S. Broadway Park area of Lexington, KY is a 1 Bed unit found at VELO Lexington priced from $745. The Axis at 1435 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,115. Here are the most affordable S. Broadway Park apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
The Axis at 1435One Bedroom Courtyard1BR,1BA$1,115
MidTown ApartmentsLimestone1BR,1BA$1,200
Gateway Lofts LexingtonYoungStudio,1BA$1,370
Studios340 - All Inclusive PricingFurnished StudioStudio,1BA$1,555

Best Value Apartments for Rent in S. Broadway Park, KY

As of April 21, 2026 the best value apartment in the S. Broadway Park area is the $2.50 price per square foot Limestone Model at MidTown Apartments in the in the Montclair neighborhood starting from $1,200. The second greatest value S. Broadway Park apartment is the Young Model at Gateway Lofts Lexington starting at $1,370 with a $3.02 price per square foot in the Downtown Lexington neighborhood. Here is today’s list of the best values for S. Broadway Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
MidTown ApartmentsLimestone1BR,1BA$2.50
Gateway Lofts LexingtonYoungStudio ,1BA$3.02
The Axis at 1435One Bedroom Courtyard1BR,1BA$2.52
Studios340 - All Inclusive PricingFurnished StudioStudio ,1BA$4.44
VELO LexingtonFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$3.34

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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States including S. Broadway Park, 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 searching for the best amenities, and outdoor amenities like tennis courts, multifamily communities for the kids, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap S. Broadway Park Apartments

What is the price of a cheap apartment in S. Broadway Park?

The cheapest apartment in S. Broadway Park is VELO Lexington which is listed at $745, while the average apartment in S. Broadway Park costs $5,200.

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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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.

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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.