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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Landing at Malabu
$895 - $945
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $825
Required Monthly Fees
$120

Total Monthly Price
$895 - $945
1 Bedroom Apartments Available Now

Landing at Malabu

848 Malabu DrLexington, KY 40502
Affordability
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  • Customer Reviewed
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The Callaway
Rent Specials
$920 - $1,199
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $1,178
Required Monthly Fees
$21

Total Monthly Price
$920 - $1,199
1 to 2 Bedroom Apartments Available Now

The Callaway

3745 Camelot DrLexington, KY 40517
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Creeks on Kirklevington
$950 - $1,910
Total Monthly Price

Total Monthly Price

Base Rent
$929 - $1,889
Required Monthly Fees
$21

Total Monthly Price
$950 - $1,910
Studio to 2 Bedroom Apartments Available Now

Creeks on Kirklevington

3050 Kirklevington DrLexington, KY 40517
Affordability
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  • Customer Reviewed
  • 3D Tour
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Barrel Oaks Apartments
Rent Specials
$969 - $1,399
Total Monthly Price

Total Monthly Price

Base Rent
$969 - $1,399

Total Monthly Price
$969 - $1,399
1 to 3 Bedroom Apartments Available Now

Barrel Oaks Apartments

249 E Reynolds RdLexington, KY 40517
Corporate Housing
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  • Customer Reviewed
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Shillito Park Apartments
$995 - $1,295
Total Monthly Price

Total Monthly Price

Base Rent
$941 - $1,241
Required Monthly Fees
$54

Total Monthly Price
$995 - $1,295
1 to 2 Bedroom Apartments Available Now

Shillito Park Apartments

3500 Beaver Place RdLexington, KY 40503
Student Housing
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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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The Colony at the Oaks
$1,030 - $1,773
Total Monthly Price

Total Monthly Price

Base Rent
$1,010 - $1,753
Required Monthly Fees
$20

Total Monthly Price
$1,030 - $1,773
1 to 2 Bedroom Apartments Available Feb 21

The Colony at the Oaks

385 Redding RdLexington, KY 40517
Corporate Housing
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  • Customer Reviewed
  • Low Income
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The Metropolitan
$1,057 - $2,835
Total Monthly Price

Total Monthly Price

Base Rent
$967 - $2,745
Required Monthly Fees
$90

Total Monthly Price
$1,057 - $2,835
1 to 2 Bedroom Apartments Available Now

The Metropolitan

3751 Appian WayLexington, KY 40517
Corporate Housing
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The Racquet Club Apartments
$1,094 - $2,758
Total Monthly Price

Total Monthly Price

Base Rent
$1,044 - $2,708
Required Monthly Fees
$50

Total Monthly Price
$1,094 - $2,758
1 to 2 Bedroom Apartments Available Now

The Racquet Club Apartments

3900 Crosby DrLexington, KY 40515
Corporate Housing
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Landing at Tates Creek
Rent Specials
$1,095 - $1,295
Total Monthly Price

Total Monthly Price

Base Rent
$210 - $410
Required Monthly Fees
$885

Total Monthly Price
$1,095 - $1,295
1 to 2 Bedroom Apartments Available Mar 6

Landing at Tates Creek

3565 Tates Creek RdLexington, KY 40517
Outdoors
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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
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Merrick Place
1 to 3 Bedroom Apartments

Merrick Place

3260 Commodore DrLexington, KY 40502
  • Utilities Included
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Saddle Run Townhomes
1 to 2 Bedroom Apartments

Saddle Run Townhomes

3395 Spangler DrLexington, KY 40517
  • Utilities Included

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.

property at 3573 Laredo Dr

$929 - $1,199

2 Bedroom Rentals

Available Now

3573 Laredo Dr

LexingtonKY40517
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Palomar Stables
1 to 3 Bedroom Apartments

Palomar Stables

3765 Winthrop DrLexington, KY 40514

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 1 Bed unit found at Breckinridge Court priced from $825. 4044 Expo Ct, Lexington, KY, 40515-4682 has the second lowest priced unit, which is a 2 Beds apartment currently listed from $825. Here are the most affordable Waterford apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Breckinridge CourtStudio 460 sf (st1)1BR,1BA$825
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$825
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$850
Landing at MalabuMalabu Flat 8521BR,1BA$895
The Callaway1 Bedroom Traditional1BR,1BA$920
Canter PointeAffirmed - 1x11BR,1BA$940
Lansdowne ApartmentsLarge 1BR/1BA1BR,1BA$940
Brandywine1 Bed1BR,1BA$955
Barrel Oaks ApartmentsTimeless One Bedroom with the Willow1BR,1BA$969
Spring House on the Park1x1 Garden (sha1)1BR,1BA$975

Best Value Apartments for Rent in Waterford, KY

As of February 19, 2026 the best value apartment in the Waterford area is the $1.34 price per square foot RM-20 Model at rmLexington in the in the The Meadows At Brannon Crossing neighborhood starting from $1,549. The second greatest value Waterford apartment is the The Belmont Stakes- C Model at Hartland Place starting at $1,370 with a $1.19 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.
rmLexingtonRM-202BR,2BA$1.34
Hartland PlaceThe Belmont Stakes- C2BR,2BA$1.19
Tates Creek Crossings2 Bedroom 1.5 Bath Den2BR,1.5BA$1.23
Brandywine2 Bed Small2BR,2BA$1.26
The MetropolitanBluegrass2BR,1BA$1.21
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$0.97
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.24
Canter PointeAffirmed - 1x11BR,1BA$1.34
The Callaway1 Bedroom Traditional1BR,1BA$1.34
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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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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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 Breckinridge Court which is listed at $825, while the average apartment in Waterford costs $1,962.

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 25 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 $381 which is $1,581 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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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

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

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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.