
Cheap Apartments for Rent in the St. Martins Village Neighborhood of Lexington, KY from $600 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the St. Martins Village area of Lexington.


Caballo Crossing

308 E 7th St

Meadowthorpe Landing - Senior Housing

Rosetown Apartments

Total Monthly Price
Matador North Apartments

Davis Park Station

402 Gunn St

1901 Apartments

Westchester on the Circle - NO VACANCY
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.

Senior Housing 55+ - Christian Towers II

547 N Broadway

Total Monthly Price
Trifecta on Red Mile - Newly Renovated!

Total Monthly Price
The Paddock Apartments

Artek Lofts

Total Monthly Price
Emerald Twenty Four

The Flats at 345

Total Monthly Price
Studios180 - Short/Long Term Leases

Preserve Lexington

Total Monthly Price
The Artisan
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.

Total Monthly Price
Park Plaza Apartments

Hillrise Place

Wood Edge Villas

Victory Point Apartments & Townhomes

1972 Cambridge Dr

Preakness Apartments

St Martin Villa

Oxford Circle

Westminster Village - Affordable Housing

Matthews House Apartments
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.

Ferrill Square Apartments - 55+ Community

Arlington Lofts

330 Newtown Apartments

Christian Tpwers

Whitney Woods

633 Ohio St

Central Christian Church Apartments

Townley Park East

524 W Third St

Lincoln Terrace Apartments
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.

Oakdale Apartments

426 E Fifth St

Townley Park Apartments

246 Warnock St

419 E Fifth St

537 Asbury Ln

653 Jackson St

1435 N Forbes Rd

620 N Limestone

161 E Loudon Ave
The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent
Discover Lexington's unique balance of lively downtown growth, university energy, and friendly Southern spirit. A local guide to neighborhoods, dining, and outdoor life.
St. Martins Village, Lexington, KY Local Guide

How much does it cost to rent an apartment in St. Martins Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| St. Martins Village Studio Apartments | $1,341 | $800 | $1,795 |
| St. Martins Village 1 Bedroom Apartments | $1,242 | $695 | $2,486 |
| St. Martins Village 2 Bedroom Apartments | $1,585 | $858 | $3,000 |
| St. Martins Village 3 Bedroom Apartments | $1,640 | $1,000 | $2,020 |
| St. Martins Village 4 Bedroom Apartments | $901 | $739 | $1,059 |
Browse Apartments in this Neighborhood
There are currently 50 rentals with your search options within a 2 mile radius of the St. Martins Village Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
St. Martins Village, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available St. Martins Village Apartments for Rent
 The cheapest available apartment rental in the St. Martins Village area of Lexington, KY is a 1 Bed unit found at Preakness Apartments priced from $750. Oxford Circle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here are the most affordable St. Martins Village apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Preakness Apartments | P11 | 1BR,1BA | $750 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $760 |
| 1901 Apartments | 1BR - 1BTH Upgraded | 1BR,1BA | $945 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $992 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1,125 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $1,180 |
| Studios180 - Short/Long Term Leases | Studio | Studio,1BA | $1,195 |
| Preserve Lexington | A1 | 1BR,1BA | $1,243 |
| Park Plaza Apartments | Maxwell | Studio,1BA | $1,279 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - Two Bedroom | 2BR,1BA | $1,295 |
Best Value Apartments for Rent in St. Martins Village, KY
As of May 23, 2026 the best value apartment in the St. Martins Village area is the $1.29 price per square foot 3 BR Townhome + Garage Model at Emerald Twenty Four in the in the Georgetown neighborhood starting from $1,936. The second greatest value St. Martins Village apartment is the 186 Robinson Way Model at Citation Lofts starting at $3,000 with a $2.00 price per square foot in the St. Martins Village neighborhood. Here is today’s list of the best values for St. Martins Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Emerald Twenty Four | 3 BR Townhome + Garage | 3BR,2.5BA | $1.29 |
| Citation Lofts | 186 Robinson Way | 2BR,2BA | $2.00 |
| Latitude Lexington | 525: 4 bed - 4.5 Bath | 4BR,4.5BA | $0.53 |
| FIFTEEN51 Apartments of Lexington | Maple | 2BR,2BA | $1.76 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1.32 |
| 1901 Apartments | 2BR - 1BTH Renovated | 2BR,1BA | $1.51 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - Two Bedroom | 2BR,1BA | $1.75 |
| Preakness Apartments | P11 | 1BR,1BA | $1.12 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $1.59 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $1.36 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleSt. Martins Village, Lexington, KY
Ranked #39
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in St. Martins Village, Lexington, KY
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across Kentucky including St. Martins Village, Lexington, and the greater Lexington area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap St. Martins Village Apartments
What is a cheap apartment in St. Martins Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in St. Martins Village is under $1,295.
What is the price of a cheap apartment in St. Martins Village?
The cheapest apartment in St. Martins Village is Preakness Apartments which is listed at $750, while the average apartment in St. Martins Village costs $1,837.
What types of apartments are the cheapest in St. Martins Village?
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 17 regular apartments in St. Martins Village 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 St. Martins Village?
Cheap apartments in St. Martins Village have an average cost of $615 which is $1,222 cheaper than the average rent for all rentals in St. Martins Village.
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.