Search the lowest-cost Apartments available for rent right now in the Southern Heights area of Lexington.
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.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southern Heights Studio Apartments | $1,105 | $970 | $1,325 |
| Southern Heights 1 Bedroom Apartments | $1,098 | $745 | $1,520 |
| Southern Heights 2 Bedroom Apartments | $1,693 | $1,690 | $1,700 |
| Southern Heights 3 Bedroom Apartments | $2,300 | $2,300 | $2,300 |
There are currently 22 rentals with your search options within a 2 mile radius of the Southern Heights Neighborhood of Lexington, KY.
See all Apartments in LexingtonThe 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. Crescent at Shadeland Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $819. 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 |
| Crescent at Shadeland Apartments | 0BR/1.0BA | Studio,1BA | $819 |
| The Axis at 1435 | One Bedroom Courtyard | 1BR,1BA | $1,115 |
| 1729 Midtown | Studio | Studio,1BA | $1,325 |
As of February 24, 2026 the best value apartment in the Southern Heights area is the $2.46 price per square foot 1x1C Model at 1729 Midtown in the in the Montclair neighborhood starting from $1,480. The second greatest value Southern Heights apartment is the One Bedroom Courtyard Model at The Axis at 1435 starting at $1,115 with a $2.52 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 | 1x1C | 1BR,1BA | $2.46 |
| The Axis at 1435 | One Bedroom Courtyard | 1BR,1BA | $2.52 |
| Crescent at Shadeland Apartments | 0BR/1.0BA | Studio ,1BA | $2.05 |
| VELO - Waller Avenue | FULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST... | 1BR,1BA | $3.34 |
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.
Read ArticleMoving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleDiscover 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.
Read ArticleThe 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.
If you’re an expert on all things Southern Heights, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewSchool data provided by Great Schools
The cheapest apartment in Southern Heights is VELO - Waller Avenue which is listed at $745, while the average apartment in Southern Heights costs $5,000.
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Southern Heights that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
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.
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
We'll check your Southern Heights review to ensure it meets our Review Guidelines.
Thank you!
