Cheap Apartments for Rent in the Southern Heights Neighborhood of Lexington, KY from $700 (22 Rentals)

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

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Waller Place
Studio Apartments

Waller Place

342 Waller AveLexington, KY 40504
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Continental Towers
1 Bedroom Apartments

Continental Towers

2121 Nicholasville RdLexington, KY 40503
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228 Waller Ave
Studio Apartments

228 Waller Ave

228 Waller AveLexington, KY 40503

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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211 Waller Ave
Studio Apartments

211 Waller Ave

211 Waller AveLexington, KY 40503
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226 Waller Ave
Studio Apartments

226 Waller Ave

226 Waller AveLexington, KY 40503

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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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415 Marquis Ave
3 Bedroom Apartments

415 Marquis Ave

415 Marquis AveLexington, KY 40502
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University Flats
2 to 4 Bedroom Apartments

University Flats

1160 University DrLexington, KY 40526
Student Housing
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1356 Royalty Ct
1 to 2 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
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Zandale Terrace
Studio to 1 Bedroom Apartments

Zandale Terrace

115 Zandale DrLexington, KY 40503
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The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent

Discover Lexington's unique balance of lively downtown growth, university energy, and friendly Southern spirit. A local guide to neighborhoods, dining, and outdoor life.

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Showing Results 1-22, Page 1 of 1

Southern Heights, Lexington, KY Local Guide

Cheapest Available Southern Heights Apartments for Rent

 

The cheapest available apartment rental in the Southern Heights area of Lexington, KY is a Studio unit found at Crescent at Shadeland Apartments priced from $849. VELO Lexington has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Southern Heights apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$849
VELO LexingtonFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$895
The Axis at 1435StudioStudio,1BA$970
232 Waller6 bedroom6BR,3BA$5,100

Best Value Apartments for Rent in Southern Heights, KY

As of August 26, 2026 the best value apartment in the Southern Heights area is the $1.31 price per square foot 2 Bedroom w/ Study Model at Limestone Square/Medical Villas in the in the Montclair neighborhood starting from $1,240. The second greatest value Southern Heights apartment is the 0BR/1.0BA Model at Crescent at Shadeland Apartments starting at $849 with a $2.12 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Limestone Square/Medical Villas2 Bedroom w/ Study2BR,2BA$1.31
Crescent at Shadeland Apartments0BR/1.0BAStudio ,1BA$2.12
The Axis at 1435Studio CourtyardStudio ,1BA$2.58
VELO LexingtonFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$2.66

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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Best Local Schools in
Southern Heights, Lexington, KY

School data provided by Great Schools

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 Crescent at Shadeland Apartments listed at $849.

How much is rent for a Cheap One Bedroom Southern Heights Apartment?

The lowest price for a Cheap One Bedroom Southern Heights Apartment is $895 at VELO 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

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The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington

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

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

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

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