Cheap Apartments for Rent in the South Lexington Neighborhood of Lexington, KY from $500 (34 Rentals)

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

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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
  • Utilities Included
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1356 Royalty Ct
1 Bedroom Apartments

1356 Royalty Ct

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

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
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Lansdowne Grove
1 to 2 Bedroom Apartments

Lansdowne Grove

3489 Lansdowne DrLexington, KY 40517
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University Flats
2 to 4 Bedroom Apartments

University Flats

1160 University DrLexington, KY 40526
Student Housing
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Medical Villas
1 Bedroom Apartments

Medical Villas

180 Leader AveLexington, KY 40508
Student Housing
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Showing Results 1-34, Page 1 of 1

South Lexington, Lexington, KY Local Guide

Cheapest Available South Lexington Apartments for Rent

 

The cheapest available apartment rental in the South Lexington area of Lexington, KY is a 1 Bed unit found at VELO - Waller Avenue priced from $745. Brookhaven Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable South Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$825
Lansdowne ApartmentsSmall 1BR/1BA1BR,1BA$850
Chelsea Apartments1 Bedroom1BR,1BA$895
Harrods Point Apartments - Newly remodeledSmall one BedroomStudio,1BA$899
Barrel Oaks ApartmentsTimeless One Bedroom with the Willow1BR,1BA$969
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$975
Regency Apartments at SouthlandTwo Bedroom/One Bath2BR,1BA$995
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1,025
Belmont Run ApartmentsOne Bedroom1BR,1BA$1,075

Best Value Apartments for Rent in South Lexington, KY

As of June 26, 2025 the best value apartment in the South Lexington area is the $1.28 price per square foot The Cypress Model at The Colony at the Oaks in the in the Lansdowne neighborhood starting from $1,317. The second greatest value South Lexington apartment is the 2x2 Greenhouse (shb3) Model at Spring House on the Park starting at $1,335 with a $1.34 price per square foot in the The Meadows At Brannon Crossing neighborhood. Here is today’s list of the best values for South Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Colony at the OaksThe Cypress2BR,1.5BA$1.28
Spring House on the Park2x2 Greenhouse (shb3)2BR,2BA$1.34
The Wellington2 Bedroom2BR,1BA$1.49
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.28
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.30
Bridle Creek ApartmentsA1 Chevy Chase - One Bedroom, One Bathroom1BR,1BA$1.55
Belmont Run ApartmentsOne Bedroom1BR,1BA$1.56
Barrel Oaks ApartmentsTimeless One Bedroom with the Willow1BR,1BA$1.47
Chelsea Apartments1 Bedroom1BR,1BA$1.39
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$1.38

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
South Lexington, Lexington, KY

Ranked #19

Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Lexington, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States and customized analysis for Southwestern Lexington, KY. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the South Lexington Neighborhood in Lexington, KY

Walk Score®

65 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

60 / 100

Bikeable

Some bike infrastructure

Transit Score®

29 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap South Lexington Apartments

What is the price of a cheap apartment in South Lexington?

The cheapest apartment in South Lexington is VELO - Waller Avenue which is listed at $745, while the average apartment in South Lexington costs $3,672.

What types of apartments are the cheapest in South Lexington?

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 4 regular apartments in South Lexington 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 South Lexington?

Cheap apartments in South Lexington have an average cost of $2,103 which is $1,569 cheaper than the average rent for all rentals in South Lexington.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.