Cheap Apartments for Rent in the Southwest Lexington Neighborhood of Lexington, KY from $495 (179 Rentals)

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

property at 733 Hill Rise Ct
$750 - $1,150
1 To 3 Bedroom Rentals
Available Now
Affordability

733 Hill Rise Ct

LexingtonKY40504
property at 562 Woodland Ave
$850

Total Monthly Price

Base Rent$850
Total Monthly Price$850
Studio, 1 Bath Condo for Rent
Available Oct 1
Affordability

562 Woodland Ave, Unit 73

562 Woodland Ave
LexingtonKY40508
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Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

Finding the right neighborhood near your Lexington workplace doesn't have to be complicated. Our local expert breaks down the best areas to rent near Toyota, UK, Lexmark, and more.

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property at 1081 Cross Keys Rd
$875 - $1,200
1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

1081 Cross Keys Rd

LexingtonKY40504

Rent According to Income: A Look at Income-Restricted Rentals

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

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Lexington's Best Affordable Neighborhoods

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Southwest Lexington, Lexington, KY Local Guide

Cheapest Available Southwest Lexington Apartments for Rent

 

The cheapest available apartment rental in the Southwest Lexington area of Lexington, KY is a Studio unit found at Emerson Center 62+ Senior Apartments priced from $750. Hub Limestone has the second lowest priced unit, which is a 4 Beds apartment currently listed from $775. Here are the most affordable Southwest Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Emerson Center 62+ Senior ApartmentsStudioStudio, 1BA$750
Hub Limestone4x3 Lite4BR, 3BA$775
Wellington Park ApartmentsOne Bed One Bath1BR, 1BA$775
Tates Creek Crossings1 Bedroom 1 Bath1BR, 1BA$884
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio, 1BA$895
Rivers at Bluegrass1 Bed, 1 Bath1BR, 1BA$900
Tates Creek VillageStudioStudio, 1BA$900
Parkside Apartments2 Bedroom2BR, 1BA$910
Lansdowne ApartmentsLarge 1BR/1BA1BR, 1BA$940

Best Value Apartments for Rent in Southwest Lexington, KY

As of September 28, 2026 the best value apartment in the Southwest Lexington area is the $1.22 price per square foot Claiborne Model at Park Place Apartments in the The Meadows At Brannon Crossing neighborhood starting from $1,765. The second greatest value Southwest Lexington apartment is the 132 Greenbriar Rd Model at 132 Greenbriar Rd in the Montclair neighborhood starting at $1,400 with a $1.00 price per square foot. Here is today’s list of the best values for Southwest Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Place ApartmentsClaiborne2BR, 2BA$1.22
132 Greenbriar Rd132 Greenbriar Rd2BR, 1BA$1.00
Shillito Park Apartments2 Bed 2 Bath2BR, 2BA$1.15
Bridle Creek ApartmentsB2 Keeneland - 2brl - Two Bedroom, Two Bathroom2BR, 2BA$1.19
Limestone Square/Medical Villas3 Bedroom A/B3BR, 2BA$0.86
Latitude Lexington525: 2 Bed - 2 Bath2BR, 2BA$1.07
Preakness ApartmentsP21R2BR, 1BA$1.19
Parkside Apartments2 Bedroom2BR, 1BA$1.13
Rivers at Bluegrass1 Bed, 1 Bath1BR, 1BA$1.20
Wellington Park ApartmentsOne Bed One Bath1BR, 1BA$1.21

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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
Southwest Lexington, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States including Southwest Lexington, Lexington, and the greater Lexington area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Southwest Lexington Apartments

What is a cheap apartment in Southwest Lexington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southwest Lexington is under $940.

What is the price of a cheap apartment in Southwest Lexington?

The cheapest apartment in Southwest Lexington is Wellington Park Apartments which is listed at $775, while the average apartment in Southwest Lexington costs $1,323.

What types of apartments are the cheapest in Southwest Lexington?

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 45 regular apartments in Southwest Lexington 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 Southwest Lexington?

Cheap apartments in Southwest Lexington have an average cost of $675 which is $648 cheaper than the average rent for all rentals in Southwest 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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Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

Written by: Catrina Cowart

Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.

decorative image for The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington article

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.

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The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

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I'm Catrina, your ApartmentHomeLiving.

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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.

Articles, How-To's, and Tips

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