Cheap Apartments for Rent in the St. Martins Village Neighborhood of Lexington, KY from $600 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in the St. Martins Village area of Lexington.

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.

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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Hillrise Place
Studio Apartments

Hillrise Place

709 Hill Rise CtLexington, KY 40504
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Wood Edge Villas
1 to 3 Bedroom Apartments

Wood Edge Villas

2781 Jacquelyn LnLexington, KY 40511
  • Utilities Included
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Preakness Apartments
1 to 3 Bedroom Apartments

Preakness Apartments

1707-1724 Versailles RdLexington, KY 40504

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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St Martin Villa
1 to 2 Bedroom Apartments

St Martin Villa

412-422 Lima DrLexington, KY 40511
  • Utilities Included
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Oxford Circle
1 Bedroom Apartments

Oxford Circle

1805 Oxford CirLexington, KY 40504
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Arlington Lofts
Studio to 1 Bedroom Apartments

Arlington Lofts

1001-1021 N Limestone StLexington, KY 40505
  • Utilities Included
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330 Newtown Apartments
1 to 3 Bedroom Apartments

330 Newtown Apartments

330 Newtown PikeLexington, KY 40508
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Whitney Woods
2 to 3 Bedroom Apartments

Whitney Woods

700 Whitney Woods PlLexington, KY 40504

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

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St. Martins Village, Lexington, KY Local Guide

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 ListingModel NameBed/BathPriced From
Preakness ApartmentsP111BR,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
515 S Upper StNear CampusStudio,1BA$825
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$858
Rosetown ApartmentsTwo Bedroom2BR,1BA$900
Hub Lexington Upper4x2 Balcony4BR,2BA$1,085
The Flats at 345325 One Bedroom1BR,1BA$1,095
Trifecta on Red Mile - Newly Renovated!Trifecta on Red Mile - One Bedroom1BR,1BA$1,095
Park Plaza ApartmentsMaxwellStudio,1BA$1,120

Best Value Apartments for Rent in St. Martins Village, KY

As of September 19, 2025 the best value apartment in the St. Martins Village area is the $1.27 price per square foot 3 BR Townhome + Garage Model at Emerald Twenty Four in the in the Georgetown neighborhood starting from $1,909. The second greatest value St. Martins Village apartment is the 2 Bedroom 1 Bath Model at Caballo Crossing starting at $858 with a $0.95 price per square foot in the Winburn neighborhood. Here is today’s list of the best values for St. Martins Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emerald Twenty Four3 BR Townhome + Garage3BR,2.5BA$1.27
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
Townley Park ApartmentsChurchill2BR,2BA$1.57
Latitude Lexington525: 1 Bed - 1 Bath1BR,1BA$1.75
Rosetown ApartmentsTwo Bedroom2BR,1BA$1.19
Trifecta on Red Mile - Newly Renovated!Trifecta on Red Mile - Two Bedroom2BR,1BA$1.75
Preakness ApartmentsP111BR,1BA$1.12
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22
515 S Upper StNear CampusStudio ,1BA$1.38
Oxford Circleoxf 1.11BR,1BA$1.36

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
St. Martins Village, Lexington, KY

Ranked #49

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,120.

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 $4,500.

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 28 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 $491 which is $4,009 cheaper than the average rent for all rentals in St. Martins Village.

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.

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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 Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.