Cheap Homes for Rent in Southwest Lexington Neighborhood of Lexington, KY from $600 (15 Rentals)

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

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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property at 3573 Laredo Dr

$929 - $1,199

2 Bedroom Rentals

Available Now

3573 Laredo Dr

LexingtonKY40517

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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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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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
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$799
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$825

Best Value Apartments for Rent in Southwest Lexington, KY

As of December 25, 2025 the best value apartment in the Southwest Lexington area is the $1.36 price per square foot C1 Pemberley - Three Bedroom, Two Bathroom Model at The Enclave Hartland in the in the The Meadows At Brannon Crossing neighborhood starting from $1,720. The second greatest value Southwest Lexington apartment is the The Cypress Model at The Colony at the Oaks starting at $1,220 with a $1.16 price per square foot in the Lansdowne 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.
The Enclave HartlandC1 Pemberley - Three Bedroom, Two Bathroom3BR,2BA$1.36
The Colony at the OaksThe Cypress2BR,1.5BA$1.16
Tates Creek Crossings2 Bedroom 1.5 Bath2BR,1.5BA$1.15
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$0.97
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.24
Rosetown ApartmentsTwo Bedroom2BR,1BA$1.19
Harrods Point Apartments - Newly remodeled1 Bedroom FULLY RENOVATED1BR,1BA$1.24
The MetropolitanWoodford1BR,1BA$1.30
Canter PointeAffirmed - 1x11BR,1BA$1.36
Preakness ApartmentsP111BR,1BA$1.12

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
Southwest Lexington, Lexington, KY

Ranked #4

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

Frequently Asked Questions about Southwest Lexington

What type of rentals are currently available in Southwest Lexington?

There are currently 575 Apartments for Rent in Southwest Lexington, KY with pricing that ranges from $610 to $5,200. There are also 88 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Lexington ranging from $650 to $5,550.

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 $650 to $5,550 with an average monthly rent of $2,482.

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 $995 to $3,320, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $5,200. Four Bedroom Single-Family rentals are also available starting from $1,595 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.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.