Cheap Homes for Rent in Southwest Lexington Neighborhood of Lexington, KY from $700 (14 Rentals)

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

property at 3573 Laredo Dr

3573 Laredo Dr

LexingtonKY40517
Showing Results 1-14, Page 1 of 1

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
515 S Upper StNear CampusStudio,1BA$825
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$840
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$859

Best Value Apartments for Rent in Southwest Lexington, KY

As of September 13, 2025 the best value apartment in the Southwest Lexington area is the $1.11 price per square foot Taylor Made Model at Park Place Apartments in the in the The Meadows At Brannon Crossing neighborhood starting from $1,710. The second greatest value Southwest Lexington apartment is the 2 Bedroom 1.5 Bathroom Model at Tates Creek Village starting at $1,050 with a $0.88 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.
Park Place ApartmentsTaylor Made2BR,2BA$1.11
Tates Creek Village2 Bedroom 1.5 Bathroom2BR,1.5BA$0.88
3324 Wood Valley Ct, Unit B3324 Wood Valley Ct2BR,1BA$1.23
The MetropolitanBarton2BR,2BA$1.17
The StretchTwo Bedroom2BR,2BA$0.88
Canter PointeSecretariat - 2x22BR,2BA$1.21
Tates Creek Crossings2 Bedroom 1.5 Bath2BR,1.5BA$1.14
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$1.09
Rosetown ApartmentsTwo Bedroom2BR,1BA$1.19
Preakness ApartmentsP111BR,1BA$1.12

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Pet Friendly Lifestyle
Southwest Lexington, Lexington, KY

Ranked #7

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 561 Apartments for Rent in Southwest Lexington, KY with pricing that ranges from $610 to $4,700. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Lexington ranging from $799 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 $799 to $5,250 with an average monthly rent of $2,720.

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 $899 to $3,803, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $2,700. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $739.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.