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

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.

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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

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.

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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
  • Utilities Included
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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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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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Showing Results 1-22, Page 1 of 1

Southern Heights, Lexington, KY Local Guide

Cheapest Available Southern Heights Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
The Axis at 1435StudioStudio,1BA$970
Crescent at Shadeland Apartments1BR/1.0BA1BR,1BA$999

Best Value Apartments for Rent in Southern Heights, KY

As of July 12, 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 1BR/1.0BA Model at Crescent at Shadeland Apartments starting at $999 with a $1.78 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 Apartments1BR/1.0BA1BR,1BA$1.78
The Axis at 1435Studio CourtyardStudio ,1BA$2.58

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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Best Local Schools in
Southern Heights, Lexington, KY

School data provided by Great Schools

Frequently Asked Questions about Cheap Southern Heights Apartments

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

The lowest price for a Cheap One Bedroom Southern Heights Apartment is $999 at Crescent at Shadeland Apartments.

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.