Cheap Homes for Rent in the South Lexington Neighborhood of Lexington, KY from $800 (6 Rentals)

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

property at 3573 Laredo Dr

$929 - $1,199

2 Bedroom Rentals

Available Now

3573 Laredo Dr

LexingtonKY40517

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.

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.

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

Best Value Apartments for Rent in South Lexington, KY

As of July 12, 2026 the best value apartment in the South Lexington area is the $1.33 price per square foot C1 University - 3br - Three Bedroom, Two Bathroom Model at Bridle Creek Apartments in the in the The Meadows At Brannon Crossing neighborhood starting from $1,615. The second greatest value South Lexington apartment is the 2 Bedroom w/ Study Model at Limestone Square/Medical Villas starting at $1,240 with a $1.31 price per square foot in the Montclair 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.
Bridle Creek ApartmentsC1 University - 3br - Three Bedroom, Two Bathroom3BR,2BA$1.33
Limestone Square/Medical Villas2 Bedroom w/ Study2BR,2BA$1.31
MAA MansionBradford2BR,1BA$1.35
Prime at GardensideB12BR,1BA$1.31
The Vue Lexington2 Bed 1 Bath2BR,1BA$1.39
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.24
The Callaway1x1-B1BR,1BA$1.21
Harrods Point Apartments - Newly remodeled1 Bedroom FULLY RENOVATED1BR,1BA$1.24
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.20
Wellington Park ApartmentsOne Bed One Bath1BR,1BA$1.21

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 #12

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 South Lexington

What type of rentals are currently available in South Lexington?

There are currently 232 Apartments for Rent in South Lexington, KY with pricing that ranges from $745 to $6,669. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lexington ranging from $895 to $5,250.

What is the current price range for Rental Homes in South Lexington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Lexington ranges from $895 to $5,250 with an average monthly rent of $2,713.

How much are larger Three and Four Bedroom Rentals in South Lexington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Lexington range from $1,399 to $3,561, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $5,250. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,525.

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

I'm Catrina, your ApartmentHomeLiving.

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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

Written by: Catrina Cowart

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

Articles, How-To's, and Tips

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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

Written by: Robin Stewart

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.