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
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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

 

The cheapest available apartment rental in the Southern Heights area of Lexington, KY is a 1 Bed unit found at VELO Lexington priced from $745. Crescent at Shadeland Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $959. Here are the most affordable Southern Heights apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Crescent at Shadeland Apartments1BR/1.0BA1BR,1BA$959
The Axis at 1435One Bedroom Courtyard1BR,1BA$1,115
1729 Midtown2x12BR,1BA$1,800

Best Value Apartments for Rent in Southern Heights, KY

As of May 28, 2026 the best value apartment in the Southern Heights area is the $2.43 price per square foot 2x1 Model at 1729 Midtown in the in the Montclair neighborhood starting from $1,800. The second greatest value Southern Heights apartment is the 1BR/1.0BA Model at Crescent at Shadeland Apartments starting at $959 with a $1.71 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.
1729 Midtown2x12BR,1BA$2.43
Crescent at Shadeland Apartments1BR/1.0BA1BR,1BA$1.71
The Axis at 1435One Bedroom Courtyard1BR,1BA$2.52
VELO LexingtonFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$3.34

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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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 $745 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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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.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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.