Cheap Apartments for Rent in the St. Martins Village Neighborhood of Lexington, KY from $500 (59 Rentals)

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

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property at 402 Gunn St

$900 - $1,025

1 Bedroom Rentals

Available Now

402 Gunn St

LexingtonKY40508
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Preserve Lexington
Rent Specials
$999 - $3,865
Total Monthly Price

Total Monthly Price

Base Rent
$986 - $3,852
Required Monthly Fees
$13
Total Monthly Price
$999 - $3,865
1 to 3 Bedroom Apartments Available Now

Preserve Lexington

845 Red Mile RdLexington, KY 40504
Active Lifestyle
  • Verified
  • Customer Reviewed
  • Low Income
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The Paddock Apartments
$1,125 - $1,265
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,265
Total Monthly Price
$1,125 - $1,265
1 to 2 Bedroom Apartments Available Apr 10

The Paddock Apartments

416 Hollow Creek RdLexington, KY 40511
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Emerald Twenty Four
Rent Specials
$1,189 - $1,936
Total Monthly Price

Total Monthly Price

Base Rent
$1,189 - $1,936
Total Monthly Price
$1,189 - $1,936
Studio to 3 Bedroom Apartments Available Now

Emerald Twenty Four

1024 Greendale RdLexington, KY 40511
Student Housing
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  • Customer Reviewed
  • Utilities Included
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The Artisan
$1,250 - $1,924
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,924
Total Monthly Price
$1,250 - $1,924
1 to 3 Bedroom Apartments Available Now

The Artisan

2601 Sandersville RdLexington, KY 40511
Furnished
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  • Customer Reviewed
  • Utilities Included
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Park Plaza Apartments
$1,279 - $3,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $3,695
Total Monthly Price
$1,279 - $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

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Ashton Park Apartments
Rent Specials
$1,300 - $1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,600
Total Monthly Price
$1,300 - $1,600
1 to 2 Bedroom Apartments Contact Us For Availability

Ashton Park Apartments

2700 Magnolia Springs DrLexington, KY 40511
Corporate Housing
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  • Customer Reviewed
  • Utilities Included
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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
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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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
  • Utilities Included
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Christian Tpwers
1 Bedroom Apartments

Christian Tpwers

1511 Versailles RdLexington, KY 40504
Senior Living
  • Utilities Included
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Whitney Woods
2 to 3 Bedroom Apartments

Whitney Woods

700 Whitney Woods PlLexington, KY 40504
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Townley Park East
1 to 2 Bedroom Apartments

Townley Park East

158 Louie PlLexington, KY 40511
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 1901 Apartment Homes priced from $620. Caballo Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $730. Here are the most affordable St. Martins Village apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$620
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$730
Preakness ApartmentsP111BR,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
Senior Housing 55+ - Christian Towers IIStandard1BR,1BA$992
Preserve LexingtonA11BR,1BA$999
Trifecta on Red Mile - Newly Renovated!Trifecta on Red Mile - One Bedroom1BR,1BA$1,095
Hub Lexington Upper4x2 Mansion4BR,2BA$1,115
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$1,180

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

As of April 06, 2026 the best value apartment in the St. Martins Village area is the $1.47 price per square foot 2609 Bourbon Walk Model at Citation Lofts in the in the St. Martins Village neighborhood starting from $2,200. The second greatest value St. Martins Village apartment is the 3 bedroom PHASE II Model at The Artisan starting at $1,735 with a $1.31 price per square foot in the Georgetown 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.
Citation Lofts2609 Bourbon Walk2BR,2BA$1.47
The Artisan3 bedroom PHASE II3BR,2BA$1.31
Ashton Park ApartmentsAcacia2BR,2BA$1.49
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$0.97
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$0.83
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
Senior Housing 55+ - Christian Towers IIStandard1BR,1BA$1.59
Oxford Circleoxf 1.11BR,1BA$1.36

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Quick 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.

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Pet Friendly Lifestyle
St. Martins Village, Lexington, KY

Ranked #35

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
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 $1,180.

What is the price of a cheap apartment in St. Martins Village?

The cheapest apartment in St. Martins Village is 1901 Apartment Homes which is listed at $620, while the average apartment in St. Martins Village costs $1,924.

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 39 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 $629 which is $1,295 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.

Articles, How-To's, and Tips

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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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.