Cheap Apartments for Rent in the Seven Parks Neighborhood of Lexington, KY from $600 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Seven Parks 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 200 Transcript Ave

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

3 Bedroom, 1.5 Bath Home for Rent

Available Aug 1

200 Transcript Ave

LexingtonKY40508

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

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.

Seven Parks, Lexington, KY Local Guide

Cheapest Available Seven Parks Apartments for Rent

 

The cheapest available apartment rental in the Seven Parks area of Lexington, KY is a 1 Bed unit found at VELO Lexington priced from $745. The Studios at Belmont - MAJOR UTILITIES INCL has the second lowest priced unit, which is a Studio apartment currently listed from $935. Here are the most affordable Seven Parks apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$935
The Axis at 1435StudioStudio,1BA$970
Regency Apartments at SouthlandOne Bedroom with Bonus Room1BR,1BA$995
MidTown ApartmentsWoodland1BR,1BA$1,005

Best Value Apartments for Rent in Seven Parks, KY

As of June 22, 2026 the best value apartment in the Seven Parks area is the $1.57 price per square foot Furnished Executive Unit - 1B & 2B Model at Regency Apartments at Southland in the in the Stonewall Community neighborhood starting from $1,200. The second greatest value Seven Parks apartment is the One Bedroom Model at Belmont Run Apartments starting at $1,125 with a $1.63 price per square foot in the Stonewall Community neighborhood. Here is today’s list of the best values for Seven Parks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Regency Apartments at SouthlandFurnished Executive Unit - 1B & 2B1BR,1BA$1.57
Belmont Run ApartmentsOne Bedroom1BR,1BA$1.63
MidTown ApartmentsLimestone1BR,1BA$2.67
The Axis at 1435Studio CourtyardStudio ,1BA$2.58
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio ,1BA$2.97
VELO LexingtonFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$3.34

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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
Seven Parks, Lexington, KY

Ranked #60

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Seven Parks Apartments

What is a cheap apartment in Seven Parks?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Seven Parks is under $1,125.

What is the price of a cheap apartment in Seven Parks?

The cheapest apartment in Seven Parks is VELO Lexington which is listed at $745, while the average apartment in Seven Parks costs $3,345.

What types of apartments are the cheapest in Seven Parks?

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 11 regular apartments in Seven Parks 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.

Helpful Local Expert Guides

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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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The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

Written by: Catrina Cowart

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The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington

Written by: Catrina Cowart

Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.

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Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

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Articles, How-To's, and Tips

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.