Cheap Apartments for Rent in the Waterford Neighborhood of Lexington, KY from $600 (39 Rentals)

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

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Trent Village Apartments
1 to 2 Bedroom Apartments

Trent Village Apartments

1393 Trent BlvdLexington, KY 40517
Senior Living
  • Utilities Included
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Malabu Bridge Condos
1 Bedroom Apartments

Malabu Bridge Condos

828 Malabu DrLexington, KY 40502
  • Utilities Included
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Lansdowne Grove
Studio to 2 Bedroom Apartments

Lansdowne Grove

3489 Lansdowne DrLexington, KY 40517
property at 3573 Laredo Dr

$929 - $1,199

2 Bedroom Rentals

Available Now

3573 Laredo Dr

LexingtonKY40517

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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Merrick Place
1 to 3 Bedroom Apartments

Merrick Place

3260 Commodore DrLexington, KY 40502
  • Utilities Included
Showing Results 1-39, Page 1 of 1

Waterford, Lexington, KY Local Guide

Cheapest Available Waterford Apartments for Rent

 

The cheapest available apartment rental in the Waterford area of Lexington, KY is a 2 Beds unit found at 4044 Expo Ct, Lexington, KY, 40515-4682 priced from $825. Tates Creek Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Waterford apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$825
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$850
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$875
Brandywine1 Bed1BR,1BA$895
The MetropolitanWoodford1BR,1BA$926
Lansdowne ApartmentsLarge 1BR/1BA1BR,1BA$940
Landing at MalabuMalabu Flat 8481BR,1BA$945
Canter PointeAffirmed - 1x11BR,1BA$949
Creeks on KirklevingtonThe Belle1BR,1BA$979
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$995

Best Value Apartments for Rent in Waterford, KY

As of December 29, 2025 the best value apartment in the Waterford area is the $1.33 price per square foot Man O` War Model at Ashgrove Farms Townhomes in the in the The Meadows At Brannon Crossing neighborhood starting from $1,899. The second greatest value Waterford apartment is the C1 Pemberley - Three Bedroom, Two Bathroom Model at The Enclave Hartland starting at $1,720 with a $1.36 price per square foot in the The Meadows At Brannon Crossing neighborhood. Here is today’s list of the best values for Waterford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ashgrove Farms TownhomesMan O` War2BR,2.5BA$1.33
The Enclave HartlandC1 Pemberley - Three Bedroom, Two Bathroom3BR,2BA$1.36
The Colony at the OaksThe Cypress2BR,1.5BA$1.17
Brandywine2 Bed Small2BR,2BA$1.25
Tates Creek Crossings2 Bedroom 1.5 Bath2BR,1.5BA$1.15
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$0.97
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.24
The MetropolitanWoodford1BR,1BA$1.31
Canter PointeAffirmed - 1x11BR,1BA$1.36
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$1.37

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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
Waterford, Lexington, KY

Ranked #17

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
Waterford, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Kentucky including Waterford, Lexington, and the greater Lexington area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, 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 Waterford Apartments

What is the price of a cheap apartment in Waterford?

The cheapest apartment in Waterford is Tates Creek Village which is listed at $850, while the average apartment in Waterford costs $1,995.

What types of apartments are the cheapest in Waterford?

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 21 regular apartments in Waterford 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 Waterford?

Cheap apartments in Waterford have an average cost of $181 which is $1,814 cheaper than the average rent for all rentals in Waterford.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.