
Cheap Apartments for Rent in the Southern Heights Neighborhood of Lexington, KY from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southern Heights area of Lexington.


VELO - Waller Avenue

Crescent at Shadeland Apartments

Malabu Manor- 62 & older or disability eligib
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Southern Heights, Lexington, KY Local Guide

How much does it cost to rent an apartment in Southern Heights?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Southern Heights Studio Apartments | $1,043 | $859 | $1,325 |
Southern Heights 1 Bedroom Apartments | $1,198 | $745 | $2,268 |
Southern Heights 2 Bedroom Apartments | $1,732 | $1,244 | $2,371 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Southern Heights Neighborhood of Lexington, KY.
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Southern Heights, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
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Cheapest Available Southern Heights Apartments for Rent
 The cheapest available apartment rental in the Southern Heights area of Lexington, KY is a 1 Bed unit found at VELO - Waller Avenue priced from $745. The Axis at 1435 has the second lowest priced unit, which is a Studio apartment currently listed from $920. Here are the most affordable Southern Heights apartments for rent in Lexington, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
The Axis at 1435 | Studio | Studio,1BA | $920 |
1729 Midtown - BRAND NEW CONSTRUCTION! | Studio | Studio,1BA | $1,325 |
Best Value Apartments for Rent in Southern Heights, KY
As of September 11, 2025 the best value apartment in the Southern Heights area is the $3.05 price per square foot Furnished One Bedroom D Model at 1729 Midtown - BRAND NEW CONSTRUCTION! in the in the Montclair neighborhood starting from $1,869. The second greatest value Southern Heights apartment is the Studio Courtyard Model at The Axis at 1435 starting at $970 with a $2.46 price per square foot in the Montclair neighborhood. Here is today’s list of the best values for Southern Heights apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1729 Midtown - BRAND NEW CONSTRUCTION! | Furnished One Bedroom D | 1BR,1BA | $3.05 |
The Axis at 1435 | Studio Courtyard | Studio ,1BA | $2.46 |
VELO - Waller Avenue | FULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST... | 1BR,1BA | $3.34 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleSouthern Heights, Lexington, KY
Ranked #63
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Southern Heights, Lexington, KY
School data provided by Great Schools
Getting Around the Southern Heights Neighborhood in Lexington, KY
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
74 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
65 / 100
Good Transit
Many 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 Southern Heights Apartments
What is the Cheapest Studio apartment in Southern Heights?
Currently the most affordable Cheap Studio Apartment in Southern Heights is at The Axis at 1435 listed at $920.
How much is rent for a Cheap One Bedroom Southern Heights Apartment?
The lowest price for a Cheap One Bedroom Southern Heights Apartment is $745 at VELO - Waller Avenue.
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.

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.

The Rental Move-In Inspection Checklist: A Guide for Renters
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