1685 Alexandria Dr
LexingtonKY40504
Cheap Homes for Rent in Southwest Lexington Neighborhood of Lexington, KY from $600 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the Southwest Lexington area of Lexington.
168 Woodland Ave
LexingtonKY40502
3510 Lansdowne Dr
LexingtonKY40517
342 Waller Ave
LexingtonKY40504
426 E Fifth St
LexingtonKY40508
3573 Laredo Dr
LexingtonKY40517
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.
3673 Bass Ct
LexingtonKY40517
246 Warnock St
LexingtonKY40508
476 Bob O Link Dr
LexingtonKY40503
3500 Warwick Dr
LexingtonKY40517
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$1,4002 Bedroom Apartments Available Now
1176 Tatesbrook Dr, Unit A
1176 Tatesbrook DrLexington, KY 40517
1901 Nicholasville Rd
LexingtonKY40503
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.
1179 Tatesbrook Dr
LexingtonKY40517
1100 Horsemans Ln
LexingtonKY40504
1230 Trent Blvd
LexingtonKY40517
872 Tearose Dr
LexingtonKY40504
329 Purdue Pl
LexingtonKY40517
3732 Red River Dr
LexingtonKY40517
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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$1,6001 Bedroom Apartments Available Now
3496 Lansdowne Dr, Unit #1
3496 Lansdowne DrLexington, KY 40517
425 Gibson Ave
LexingtonKY40504
Showing Results 1-20, Page 1 of 1
Southwest Lexington, Lexington, KY Local Guide
How much does it cost to rent a home in Southwest Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southwest Lexington 2 Bedroom Homes for Rent | $2,057 | $1,095 | $4,900 |
| Southwest Lexington 3 Bedroom Homes for Rent | $2,130 | $1,500 | $5,250 |
| Southwest Lexington 4 Bedroom Homes for Rent | $2,913 | $1,800 | $4,200 |
| Southwest Lexington 5 Bedroom Homes for Rent | $4,750 | $4,250 | $5,000 |
| Southwest Lexington 6 Bedroom Homes for Rent | $4,425 | $3,900 | $4,950 |
Browse Homes for Rent in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Southwest Lexington Neighborhood of Lexington, KY.
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Southwest Lexington, Lexington, KY Local Guide
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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 Lexington 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| VELO Lexington | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
| Preakness Apartments | P11 | 1BR,1BA | $750 |
| Emerson Center 62+ Senior Apartments | Studio | Studio,1BA | $750 |
| Breckinridge Court | Studio 460 sf (st2) | 1BR,1BA | $845 |
| Tates Creek Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Southwest Lexington, KY
As of May 21, 2026 the best value apartment in the Southwest Lexington 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 Southwest Lexington apartment is the Guadalupe Model at Saddle Run Townhomes starting at $1,427 with a $1.33 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Latitude Lexington | 525: 4 bed - 4.5 Bath | 4BR,4.5BA | $0.53 |
| Saddle Run Townhomes | Guadalupe | 2BR,1.5BA | $1.33 |
| Barrel Oaks Apartments | Stretch Out and Settle In To This 3 Bedroom, 2 ... | 3BR,2BA | $1.31 |
| Shillito Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.24 |
| Harrods Point Apartments - Newly remodeled | 1 Bedroom FULLY RENOVATED | 1BR,1BA | $1.24 |
| Canter Pointe | Affirmed - 1x1 | 1BR,1BA | $1.36 |
| Tates Creek Crossings | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
| The Callaway | 1x1-A | 1BR,1BA | $1.34 |
| Preakness Apartments | P11 | 1BR,1BA | $1.12 |
| Tates Creek Village | 1 Bedroom 1 Bathroom | 1BR,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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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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Best Local Schools in Southwest Lexington, Lexington, KY
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Frequently Asked Questions about Southwest Lexington
What type of rentals are currently available in Southwest Lexington?
There are currently 567 Apartments for Rent in Southwest Lexington, KY with pricing that ranges from $669 to $11,123. There are also 93 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Lexington ranging from $695 to $5,250.
What is the current price range for Rental Homes in Southwest Lexington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Southwest Lexington ranges from $695 to $5,250 with an average monthly rent of $2,829.
How much are larger Three and Four Bedroom Rentals in Southwest Lexington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Southwest Lexington range from $1,000 to $3,693, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,250. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $739.
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
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.
The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.
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
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.
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.