Cheap Apartments for Rent in the South Lexington Neighborhood of Lexington, KY from $500 (67 Rentals)

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

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

Finding the right neighborhood near your Lexington workplace doesn't have to be complicated. Our local expert breaks down the best areas to rent near Toyota, UK, Lexmark, and more.

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The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent

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property at 2121 Nicholasville Rd

$1,180

Total Monthly Price

Total Monthly Price

Base Rent
$1,180
Total Monthly Price
$1,180

1 Bedroom, 1 Bath Condo for Rent

Available Now

2121 Nicholasville Rd, Unit 801

2121 Nicholasville Rd
LexingtonKY40503

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

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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 to 2 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
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Studio unit found at Emerson Center 62+ Senior Apartments priced from $750. Wellington Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable South Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Wellington Park ApartmentsOne Bed One Bath1BR,1BA$775
Lansdowne ApartmentsSmall 1BR/1BA1BR,1BA$865
Chelsea Apartments1 Bedroom1BR,1BA$895
VELO LexingtonFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$895
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$895
Rivers at Bluegrass1 Bed, 1 Bath1BR,1BA$900
Hub Limestone4x3 Lite VIP Balcony4BR,3BA$924
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$935
Flats at BeaumontNewly-Renovated Studio Apartments!Studio,1BA$950

Best Value Apartments for Rent in South Lexington, KY

As of August 19, 2026 the best value apartment in the South Lexington area is the $0.96 price per square foot Pasadena Model at Saddle Run Townhomes in the in the The Meadows At Brannon Crossing neighborhood starting from $1,200. The second greatest value South Lexington apartment is the C1 University - 3br - Three Bedroom, Two Bathroom Model at Bridle Creek Apartments starting at $1,516 with a $1.24 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.
Saddle Run TownhomesPasadena2BR,1.5BA$0.96
Bridle Creek ApartmentsC1 University - 3br - Three Bedroom, Two Bathroom3BR,2BA$1.24
Shillito Park Apartments2 Bed 2 Bath2BR,2BA$1.15
Barrel Oaks ApartmentsStretch Out and Settle In To This 3 Bedroom, 2 ...3BR,2BA$1.31
Limestone Square/Medical Villas2 Bedroom w/ Study2BR,2BA$1.31
Malabu Terrace Condominiums1 Beds, 1 Baths1BR,1BA$1.02
The Vue Lexington2 Bed 1 Bath2BR,1BA$1.39
Rivers at Bluegrass1 Bed, 1 Bath1BR,1BA$1.20
Wellington Park ApartmentsOne Bed One Bath1BR,1BA$1.21
Chelsea Apartments1 Bedroom1BR,1BA$1.39

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
South Lexington, Lexington, KY

Ranked #10

Among cities in Kentucky 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!

Frequently Asked Questions about Cheap South Lexington Apartments

What is a cheap apartment in South Lexington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Lexington is under $950.

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

The cheapest apartment in South Lexington is Wellington Park Apartments which is listed at $775, while the average apartment in South Lexington costs $1,412.

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 24 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 $832 which is $580 cheaper than the average rent for all rentals in South Lexington.

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

Written by: Catrina Cowart

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

decorative image for The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington article

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

Written by: Catrina Cowart

I'm Catrina, your ApartmentHomeLiving.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.