Cheap Apartments for Rent in the Waterford Neighborhood of Lexington, KY from $600 (47 Rentals)

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

Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

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The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent

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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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364-368 Redding Rd
1 to 2 Bedroom Apartments

364-368 Redding Rd

364-368 Redding RdLexington, KY 40517

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

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The Colony at the Oaks
1 to 2 Bedroom Apartments

The Colony at the Oaks

385 Redding RdLexington, KY 40517
Corporate Housing
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Merrick Place
1 to 3 Bedroom Apartments

Merrick Place

3260 Commodore DrLexington, KY 40502
  • Utilities Included
property at 3573 Laredo Dr

$929 - $1,199

2 Bedroom Rentals

Available Now

3573 Laredo Dr

LexingtonKY40517
property at 1359 Dix Dr

$1,325

3 Bedroom Rentals

Available Sep 1

1359 Dix Dr

LexingtonKY40517
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Hartland Place
2 Bedroom Apartments

Hartland Place

3828 Kenesaw DrLexington, KY 40515

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Greyson On 27
1 to 3 Bedroom Apartments

Greyson On 27

104 Connell DrNicholasville, KY 40356
Showing Results 1-47, 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 1 Bed unit found at Lansdowne Apartments priced from $865. Landing at Malabu has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Waterford apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Lansdowne ApartmentsSmall 1BR/1BA1BR,1BA$865
Landing at MalabuMalabu Flat 8521BR,1BA$995
ElementThe Keeneland1BR,1BA$999
The MetropolitanWoodford1BR,1BA$1,009
Brandywine1 Bed1BR,1BA$1,015
The Racquet Club ApartmentsA - Sport1BR,1BA$1,044
Tates Creek Crossings2 Bedroom 1.5 Bath2BR,1BA$1,117
Spring House on the Park1x1 Garden (sha1)1BR,1BA$1,155
Vetra Lexington2 Bedroom 1 Bath2BR,1BA$1,199
Saddle Run TownhomesPasadena2BR,1BA$1,200

Best Value Apartments for Rent in Waterford, KY

As of August 19, 2026 the best value apartment in the Waterford area is the $1.30 price per square foot Millennium Model at Park Place Apartments in the in the The Meadows At Brannon Crossing neighborhood starting from $1,710. The second greatest value Waterford apartment is the Pasadena Model at Saddle Run Townhomes starting at $1,200 with a $0.96 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.
Park Place ApartmentsMillennium1BR,1BA$1.30
Saddle Run TownhomesPasadena2BR,1.5BA$0.96
Creeks on KirklevingtonThe Pointe Pleasant2BR,1.5BA$1.20
Bridle Creek ApartmentsC1 University - 3br - Three Bedroom, Two Bathroom3BR,2BA$1.24
Shillito Park Apartments2 Bed 2 Bath2BR,2BA$1.15
Barrel Oaks ApartmentsStretch Out and Settle In To This 3 Bedroom, 2 ...3BR,2BA$1.31
The Racquet Club ApartmentsB1 - Wimbledon2BR,1BA$1.22
Hartland PlaceThe Belmont Stakes- B2BR,2BA$1.34
Tates Creek Crossings2 Bedroom 1.5 Bath2BR,1.5BA$1.21
Breckinridge Court2 Bd 1 Bth 913 sf (b3)2BR,1BA$1.33

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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Real 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.

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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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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 Lansdowne Apartments which is listed at $865, while the average apartment in Waterford costs $1,447.

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 16 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 $609 which is $838 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.

Helpful Local Expert Guides

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Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

Written by: Catrina Cowart

Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.

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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.

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The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

Written by: Catrina Cowart

I'm Catrina, your ApartmentHomeLiving.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.