Cheap Apartments for Rent in the Southland Park Neighborhood of Lexington, KY from $500 (52 Rentals)

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

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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Barrel Oaks Apartments
Rent Specials
$969 - $1,399
Total Monthly Price

Total Monthly Price

Base Rent
$969 - $1,399
Total Monthly Price
$969 - $1,399
1 to 3 Bedroom Apartments Available Now

Barrel Oaks Apartments

249 E Reynolds RdLexington, KY 40517
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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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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Park Plaza Apartments
$1,279 - $3,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $3,695
Total Monthly Price
$1,279 - $3,695
Studio to 2 Bedroom Apartments Available Now

Park Plaza Apartments

120 E Main StLexington, KY 40507
Family Friendly
  • Verified
  • Customer Reviewed
  • 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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property at 763 Spring Meadows Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 2.5 Bath Townhome for Rent

Available Apr 13

763 Spring Meadows Dr

LexingtonKY40504
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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Southland Park, Lexington, KY Local Guide

Cheapest Available Southland Park Apartments for Rent

 

The cheapest available apartment rental in the Southland Park area of Lexington, KY is a 1 Bed unit found at 1901 Apartment Homes priced from $620. VELO Lexington has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Southland Park apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$620
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$850
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$875
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$895
Lansdowne Grove Apartments1BD/ 1 BA1BR,1BA$900
Harrods Point Apartments - Newly remodeledSmall one Bedroom1BR,1BA$929

Best Value Apartments for Rent in Southland Park, KY

As of April 10, 2026 the best value apartment in the Southland Park area is the $1.22 price per square foot The Cypress Model at The Colony at the Oaks in the in the Lansdowne neighborhood starting from $1,278. The second greatest value Southland Park apartment is the 2 Bedrooms W/ Balcony Model at Thoroughbred Crossing starting at $1,200 with a $1.25 price per square foot in the Beaumont Residential neighborhood. Here is today’s list of the best values for Southland Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Colony at the OaksThe Cypress2BR,1.5BA$1.22
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
2204 Winterberry Dr, Unit Side A2204 Winterberry Dr2BR,1BA$1.11
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
Harrods Point Apartments - Newly remodeled1 Bedroom FULLY RENOVATED1BR,1BA$1.24
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$0.83
Rivers at BluegrassClassic 1 Bed / 1 Bath1BR,1BA$1.37
The Wellington1 Bedroom1BR,1BA$1.42
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.38
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$1.37

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving 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.

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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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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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Pet Friendly Lifestyle
Southland Park, Lexington, KY

Ranked #8

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Southland Park, Lexington, KY

School data provided by Great Schools

Frequently Asked Questions about Cheap Southland Park Apartments

What is a cheap apartment in Southland Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southland Park is under $929.

What is the price of a cheap apartment in Southland Park?

The cheapest apartment in Southland Park is 1901 Apartment Homes which is listed at $620, while the average apartment in Southland Park costs $3,345.

What types of apartments are the cheapest in Southland Park?

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 48 regular apartments in Southland Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Southland Park?

Cheap apartments in Southland Park have an average cost of $1,005 which is $2,340 cheaper than the average rent for all rentals in Southland Park.

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.

Articles, How-To's, and Tips

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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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.