Cheap Apartments for Rent in the Southland Park Neighborhood of Lexington, KY from $500 (50 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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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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Park Plaza Apartments
$1,289 - $3,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,289 - $3,695
Total Monthly Price
$1,289 - $3,695
Studio to 2 Bedroom Apartments Available Now

Park Plaza Apartments

120 E Main StLexington, KY 40507
Family Friendly
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  • Utilities Included
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BFA
Rent Specials
$1,399 - $2,0092 to 3 Bedroom Apartments Available Now

BFA

1101 Beaumont Centre LnLexington, KY 40513
Pet Friendly
  • Verified
  • Customer Reviewed
  • 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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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
  • Utilities Included
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Prime at Gardenside
1 to 4 Bedroom Apartments

Prime at Gardenside

2044 Georgian WayLexington, KY 40504
Student Housing

The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent

Discover Lexington's unique balance of lively downtown growth, university energy, and friendly Southern spirit. A local guide to neighborhoods, dining, and outdoor life.

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Showing Results 1-50, Page 1 of 1

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 VELO Lexington priced from $745. Emerson Center 62+ Senior Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Southland Park apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
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
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$900
Harrods Point Apartments - Newly remodeledSmall one Bedroom1BR,1BA$929
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$935
1901 Apartments1BR - 1BTH Upgraded1BR,1BA$945
Flats at Beaumont -Newly-Renovated Condo-Style!Newly-Renovated Studio Apartments!Studio,1BA$950
The Axis at 1435StudioStudio,1BA$970

Best Value Apartments for Rent in Southland Park, KY

As of June 06, 2026 the best value apartment in the Southland Park area is the $0.53 price per square foot 525: 4 bed - 4.5 Bath Model at Latitude Lexington in the in the Downtown Lexington neighborhood starting from $774. The second greatest value Southland Park apartment is the 3 Bedroom Model at Palomar View Apartments starting at $1,734 with a $1.32 price per square foot in the Stonewall Community 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.
Latitude Lexington525: 4 bed - 4.5 Bath4BR,4.5BA$0.53
Palomar View Apartments3 Bedroom3BR,2BA$1.32
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
2204 Winterberry Dr, Unit Side A2204 Winterberry Dr2BR,1BA$1.11
Breckinridge Court2 Bd 2 Bth 858 sf (b1)2BR,2BA$1.37
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
Harrods Point Apartments - Newly remodeled1 Bedroom FULLY RENOVATED1BR,1BA$1.24
The Colony at the OaksThe Willow1BR,1BA$1.44
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.20
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$1.37

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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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 $970.

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

The cheapest apartment in Southland Park is VELO Lexington which is listed at $745, 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 14 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 $907 which is $2,438 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.

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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Written by: Christine Leonard, Esq.

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Written by: Robin Stewart

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.