Cheap Apartments for Rent in the Southwest Lexington Neighborhood of Lexington, KY from $500 (78 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
  • Utilities Included
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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 1 Bed unit found at VELO - Waller Avenue priced from $745. Preakness Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Southwest Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Preakness ApartmentsP111BR,1BA$750
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$819
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$825
Tates Creek Crossings1 Bedroom 1 Bath1BR,1BA$845
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
Chelsea Apartments1 Bedroom1BR,1BA$895
Harrods Point Apartments - Newly remodeledSmall one BedroomStudio,1BA$899
Rose Tower ApartmentsOne Bedroom1BR,1BA$900

Best Value Apartments for Rent in Southwest Lexington, KY

As of July 25, 2025 the best value apartment in the Southwest Lexington area is the $1.37 price per square foot C1 Pemberley - Three Bedroom, Two Bathroom Model at Enclave Hartland in the in the The Meadows At Brannon Crossing neighborhood starting from $1,730. The second greatest value Southwest Lexington apartment is the The Pointe Pleasant Model at Creeks on Kirklevington starting at $1,490 with a $1.19 price per square foot in the The Meadows At Brannon Crossing neighborhood. 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.
Enclave HartlandC1 Pemberley - Three Bedroom, Two Bathroom3BR,2BA$1.37
Creeks on KirklevingtonThe Pointe Pleasant2BR,1.5BA$1.19
2801 Styx Ct, Unit 28012801 Styx Ct3BR,2.5BA$1.23
The StretchTwo Bedroom2BR,2BA$0.88
Park Thirty992 Bedrooms 2 Bathrooms2BR,2BA$1.22
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.28
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.30
Tates Creek Crossings1 Bedroom 1 Bath1BR,1BA$1.21
Preakness ApartmentsP111BR,1BA$1.12
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$1.15

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Southwest Lexington, Lexington, KY

Ranked #3

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
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 the Cheapest Studio apartment in Southwest Lexington?

Currently the most affordable Cheap Studio Apartment in Southwest Lexington is at Crescent at Shadeland Apartments listed at $819.

How much is rent for a Cheap One Bedroom Southwest Lexington Apartment?

The lowest price for a Cheap One Bedroom Southwest Lexington Apartment is $745 at VELO - Waller Avenue.

What is the lowest price for a Cheap Two Bedroom Southwest Lexington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southwest Lexington is starting from $915 at Tates Creek Crossings.

What is the most affordable Southwest Lexington Three Bedroom Apartment?

The best deal on a cheap Southwest Lexington Three Bedroom Apartment rental is at Tates Creek Crossings and starts from $1,140.

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.