Cheap Apartments for Rent in the Southern Heights Neighborhood of Lexington, KY from $500 (12 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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University Flats
2 to 4 Bedroom Apartments

University Flats

1160 University DrLexington, KY 40526
Student Housing
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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1356 Royalty Ct
1 Bedroom Apartments

1356 Royalty Ct

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

Zandale Terrace

115 Zandale DrLexington, KY 40503
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Continental Towers
1 Bedroom Apartments

Continental Towers

2121 Nicholasville RdLexington, KY 40503
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415 Marquis Ave
3 Bedroom Apartments

415 Marquis Ave

415 Marquis AveLexington, KY 40502

Southern Heights, Lexington, KY Local Guide

Cheapest Available Southern Heights Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$819

Best Value Apartments for Rent in Southern Heights, KY

As of July 28, 2025 the best value apartment in the Southern Heights area is the $2.05 price per square foot 0BR/1.0BA Model at Crescent at Shadeland Apartments in the in the Montclair neighborhood starting from $819. The second greatest value Southern Heights apartment is the FULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST... Model at VELO - Waller Avenue starting at $795 with a $3.34 price per square foot in the Stonewall Community 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.
Crescent at Shadeland Apartments0BR/1.0BAStudio ,1BA$2.05
VELO - Waller AvenueFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$3.34

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Southern Heights, Lexington, KY

Ranked #63

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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 - 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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.