Cheap Apartments for Rent in the Southeast Lexington Neighborhood of Lexington, KY from $400 (193 Rentals)

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

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The Ascent1555
Rent Specials
$975 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,395
Total Monthly Price
$975 - $1,395
Studio to 2 Bedroom Apartments Available Now

The Ascent1555

1555 Eastland PkyLexington, KY 40505
Affordability
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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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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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Southeast Lexington, Lexington, KY Local Guide

Cheapest Available Southeast Lexington Apartments for Rent

 

The cheapest available apartment rental in the Southeast Lexington area of Lexington, KY is a Studio unit found at BelleFontaine Apartment Homes priced from $685. The Landing at Lex has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Southeast Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
The Landing at LexLand1.11BR,1BA$745
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Preakness ApartmentsP111BR,1BA$750
Wellington Park ApartmentsOne Bed One Bath1BR,1BA$775
The Dawn Run ApartmentsStudio XLStudio,1BA$790
Lansdowne ApartmentsSmall 1BR/1BA1BR,1BA$865
562 Woodland Ave0 Beds, 1 BathsStudio,1BA$875
Richwood Bend - Affordable HousingOne bedroom1BR,1BA$883
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$895

Best Value Apartments for Rent in Southeast Lexington, KY

As of July 29, 2026 the best value apartment in the Southeast Lexington area is the $1.12 price per square foot RM - 30G1 Model at rmLexington in the in the The Meadows At Brannon Crossing neighborhood starting from $1,910. The second greatest value Southeast Lexington apartment is the 525: 4 bed - 4.5 Bath Model at Latitude Lexington starting at $774 with a $0.53 price per square foot in the Downtown Lexington neighborhood. Here is today’s list of the best values for Southeast Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
rmLexingtonRM - 30G13BR,2BA$1.12
Latitude Lexington525: 4 bed - 4.5 Bath4BR,4.5BA$0.53
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.17
Malabu Terrace Condominiums1 Beds, 1 Baths1BR,1BA$1.02
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.24
Rivers at Bluegrass1 Bed, 1 Bath1BR,1BA$1.20
Richwood Bend - Affordable HousingOne bedroom1BR,1BA$1.20
The Landing at LexLand1.11BR,1BA$1.10
Preakness ApartmentsP111BR,1BA$1.12
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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Pet Friendly Lifestyle
Southeast Lexington, Lexington, KY

Ranked #1

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
Southeast Lexington, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States, including Lexington. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, places that make kids happy, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Southeast Lexington Apartments

What is a cheap apartment in Southeast Lexington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southeast Lexington is under $895.

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

The cheapest apartment in Southeast Lexington is BelleFontaine Apartment Homes which is listed at $735, while the average apartment in Southeast Lexington costs $4,797.

What types of apartments are the cheapest in Southeast 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 50 regular apartments in Southeast 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 Southeast Lexington?

Cheap apartments in Southeast Lexington have an average cost of $950 which is $3,847 cheaper than the average rent for all rentals in Southeast 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.

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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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.