
Cheap Homes for Rent in Southwest Lexington Neighborhood of Lexington, KY from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Southwest Lexington area of Lexington.


453 Race St

2207 Winterberry Dr, Unit Side A

1092 Armstrong Mill Rd, Unit A
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.

1135 Cooper Dr

1025 Cross Keys Rd

430 Hawkins Ave

3573 Laredo Dr

155 Virginia Ave

1142 Dunbarton Ln

120 Montmullin St
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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.

3697 Crosby Dr

3500 Warwick Dr

427 Hawkins Ave
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 | $1,715 | $900 | $3,500 |
Southwest Lexington 3 Bedroom Homes for Rent | $1,932 | $899 | $2,900 |
Southwest Lexington 4 Bedroom Homes for Rent | $2,440 | $2,000 | $2,800 |
Southwest Lexington 5 Bedroom Homes for Rent | $3,995 | $3,995 | $3,995 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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 Preakness Apartments priced from $715. VELO - Waller Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Southwest Lexington apartments for rent in Lexington, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Preakness Apartments | P11 | 1BR,1BA | $715 |
VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
1592 Alexandria Dr | 1 Beds, 1 Baths | 1BR,1BA | $750 |
Crescent at Shadeland Apartments | 0BR/1.0BA | Studio,1BA | $819 |
Brookhaven Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $825 |
Best Value Apartments for Rent in Southwest Lexington, KY
As of June 19, 2025 the best value apartment in the Southwest Lexington area is the $1.03 price per square foot 3 Bedroom 2.5 Bathroom Model at Tates Creek Village in the in the Lansdowne neighborhood starting from $1,550. The second greatest value Southwest Lexington apartment is the 3318 Wood Valley Ct Model at 3318 Wood Valley Ct, Unit Duplex starting at $1,500 with a $1.25 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Tates Creek Village | 3 Bedroom 2.5 Bathroom | 3BR,2.5BA | $1.03 |
3318 Wood Valley Ct, Unit Duplex | 3318 Wood Valley Ct | 2BR,1BA | $1.25 |
The Stretch | Two Bedroom | 2BR,2BA | $0.88 |
The Callaway | 2 Bedroom Premium | 2BR,1BA | $1.26 |
Tates Creek Crossings | 2 Bedroom 1 Bath | 2BR,1BA | $1.02 |
Park Thirty99 | 2 Bedrooms 2 Bathrooms | 2BR,2BA | $1.15 |
Shillito Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.24 |
Rivers at Bluegrass | Renovated 1 Bed / 1 Bath | 1BR,1BA | $1.30 |
Preakness Apartments | P11 | 1BR,1BA | $1.07 |
1592 Alexandria Dr | 1 Beds, 1 Baths | 1BR,1BA | $1.15 |
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Frequently Asked Questions about Southwest Lexington
What type of rentals are currently available in Southwest Lexington?
There are currently 555 Apartments for Rent in Southwest Lexington, KY with pricing that ranges from $610 to $7,045. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Lexington ranging from $799 to $3,995.
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 $3,995 with an average monthly rent of $2,119.
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 $875 to $7,045, while Three Bedroom Homes, Condos, and Townhomes for rent range from $899 to $2,900. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $2,450.
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.

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.

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.

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.

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.