Cheap Apartments for Rent in the Southeast Lexington Neighborhood of Lexington, KY from $400 (153 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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property at 402 Gunn St

$900 - $1,025

1 Bedroom Rentals

Available Mar 10

402 Gunn St

LexingtonKY40508

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The Ascent1555
Rent Specials
$925 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,345
Total Monthly Price
$925 - $1,345
Studio to 2 Bedroom Apartments Available Mar 13

The Ascent1555

1555 Eastland PkyLexington, KY 40505
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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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 1 Bed unit found at 1901 Apartment Homes priced from $620. BelleFontaine Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here are the most affordable Southeast Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$620
BelleFontaine Apartment Homes0-1Studio,1BA$685
LongwoodJeffery2BR,2BA$730
The Landing at LexLand1.11BR,1BA$745
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
CedarwoodJonahStudio,1BA$749
Preakness ApartmentsP111BR,1BA$750
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$765

Best Value Apartments for Rent in Southeast Lexington, KY

As of March 10, 2026 the best value apartment in the Southeast Lexington area is the $0.76 price per square foot Estate Home Model at Saddlebrook at Tates Creek in the in the The Meadows At Brannon Crossing neighborhood starting from $2,599. The second greatest value Southeast Lexington apartment is the House Model at MidTown Apartments starting at $1,445 with a $0.92 price per square foot in the Montclair 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.
Saddlebrook at Tates CreekEstate Home4BR,5BA$0.76
MidTown ApartmentsHouse4BR,4BA$0.92
Tates Creek Village3 Bedroom 2.5 Bathroom3BR,2.5BA$1.03
EAGLE CREEK TOWNHOMESThe Starpine3BR,2.5BA$1.07
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
The Dawn Run Apartments2x1 SM2BR,1BA$1.08
Double Tree Apartments1 Bedroom1BR,1BA$1.09
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$0.83
The Landing at LexLand1.11BR,1BA$1.10
Preakness ApartmentsP111BR,1BA$1.12

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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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.

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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
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 $765.

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

The cheapest apartment in Southeast Lexington is 1901 Apartment Homes which is listed at $620, while the average apartment in Southeast Lexington costs $3,345.

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 99 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 $955 which is $2,390 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.

Articles, How-To's, and Tips

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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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Maximizing Your Refund: Essential Tax Tips for Renters

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.