Cheap Apartments for Rent in the Speigle Heights Neighborhood of Lexington, KY from $400 (114 Rentals)

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

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.

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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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Oxford Circle
$1,022 - $1,222
Total Monthly Price

Total Monthly Price

Base Rent
$1,022 - $1,222
Total Monthly Price
$1,022 - $1,222
1 Bedroom Apartments Available Now

Oxford Circle

1805 Oxford CirLexington, KY 40504
Affordability
  • Verified

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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Park Plaza Apartments
$1,289 - $3,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,289 - $3,695
Total Monthly Price
$1,289 - $3,695
Studio to 2 Bedroom Apartments Available Now

Park Plaza Apartments

120 E Main StLexington, KY 40507
Family Friendly
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  • Customer Reviewed
  • Utilities Included

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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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
  • Utilities Included
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Hillrise Place
Studio Apartments

Hillrise Place

709 Hill Rise CtLexington, KY 40504

Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

Finding the right neighborhood near your Lexington workplace doesn't have to be complicated. Our local expert breaks down the best areas to rent near Toyota, UK, Lexmark, and more.

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Speigle Heights, Lexington, KY Local Guide

Cheapest Available Speigle Heights Apartments for Rent

 

The cheapest available apartment rental in the Speigle Heights area of Lexington, KY is a 1 Bed unit found at VELO Lexington priced from $745. Emerson Center 62+ Senior Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Speigle Heights apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
Preakness ApartmentsP111BR,1BA$750
Meadowthorpe Landing - Senior HousingOne Bedroom1BR,1BA$770
Parkside Apartments1 Bedroom1BR,1BA$785
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$935
1901 Apartments1BR - 1BTH Upgraded1BR,1BA$945
2220 Apartments2BR - 1.5BTH2BR,1BA$955

Best Value Apartments for Rent in Speigle Heights, KY

As of June 24, 2026 the best value apartment in the Speigle Heights 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 Speigle Heights apartment is the 2 Bedrooms W/ Balcony Model at Thoroughbred Crossing starting at $1,200 with a $1.25 price per square foot in the Beaumont Residential neighborhood. Here is today’s list of the best values for Speigle Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Latitude Lexington525: 4 bed - 4.5 Bath4BR,4.5BA$0.53
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
2220 Apartments2BR - 1.5BTH2BR,1.5BA$1.12
1901 Apartments2BR - 1BTH Renovated2BR,1BA$1.51
Oxford Circleoxf 1.11BR,1BA$1.46
444 S Ashland AveOne Bedroom1BR,1BA$1.39
Preakness ApartmentsP111BR,1BA$1.12
Meadowthorpe Landing - Senior HousingOne Bedroom1BR,1BA$1.17
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$1.15
Parkside Apartments1 Bedroom1BR,1BA$1.30

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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Quick Rent Budget Calculator

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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
Speigle Heights, Lexington, KY

Ranked #33

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
Speigle Heights, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Lexington. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, family-friendly amenities, raising pets, transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Speigle Heights Apartments

What is a cheap apartment in Speigle Heights?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Speigle Heights is under $955.

What is the price of a cheap apartment in Speigle Heights?

The cheapest apartment in Speigle Heights is VELO Lexington which is listed at $745, while the average apartment in Speigle Heights costs $4,125.

What types of apartments are the cheapest in Speigle Heights?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 20 regular apartments in Speigle Heights that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Speigle Heights?

Cheap apartments in Speigle Heights have an average cost of $638 which is $3,487 cheaper than the average rent for all rentals in Speigle Heights.

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.

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