
Cheap Apartments for Rent in the Waterford Neighborhood of Lexington, KY from $600 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterford area of Lexington.


4044 Expo Ct, Lexington, KY, 40515-4682

Tates Creek Village

Lansdowne Apartments

Tates Creek Crossings

Total Monthly Price
Landing at Malabu

1197 Appian Crossing Way

Total Monthly Price
The Callaway

Canter Pointe
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Park Thirty99

Total Monthly Price
Creeks on Kirklevington

Brandywine

Total Monthly Price
Barrel Oaks Apartments

Spring House on the Park

Total Monthly Price
Shillito Park Apartments

MAA Mansion

Vetra Lexington

460 Lenney Dr
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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.

Total Monthly Price
The Colony at the Oaks

425 Lenney Dr

Total Monthly Price
The Metropolitan

Element

Total Monthly Price
The Racquet Club Apartments

Total Monthly Price
Landing at Tates Creek

Saddlebrook at Tates Creek

The Enclave Hartland

Bridle Creek Apartments
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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.

rmLexington

Trent Village Apartments

Malabu Bridge Condos

Lakeside Manor Apartments -Affordable Housing

Forest Creek Apartments

Lansdowne Grove

Merrick Place

421 Redding Rd

Saddle Run Townhomes
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3573 Laredo Dr

608 McCurdy Ct

Palomar Stables
Waterford, Lexington, KY Local Guide

How much does it cost to rent an apartment in Waterford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterford Studio Apartments | $1,650 | $1,650 | $1,650 |
| Waterford 1 Bedroom Apartments | $1,269 | $815 | $2,808 |
| Waterford 2 Bedroom Apartments | $1,526 | $825 | $3,470 |
| Waterford 3 Bedroom Apartments | $2,103 | $1,140 | $3,591 |
| Waterford 4 Bedroom Apartments | $2,033 | $1,750 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 39 rentals with your search options within a 2 mile radius of the Waterford Neighborhood of Lexington, KY.
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Waterford, Lexington, KY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Breckinridge Court | Studio 460 sf (st1) | 1BR,1BA | $825 |
| 4044 Expo Ct, Lexington, KY, 40515-4682 | Covered front porch | 2BR,1BA | $825 |
| Tates Creek Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $850 |
| Landing at Malabu | Malabu Flat 852 | 1BR,1BA | $895 |
| The Callaway | 1 Bedroom Traditional | 1BR,1BA | $920 |
| Canter Pointe | Affirmed - 1x1 | 1BR,1BA | $940 |
| Lansdowne Apartments | Large 1BR/1BA | 1BR,1BA | $940 |
| Brandywine | 1 Bed | 1BR,1BA | $955 |
| Barrel Oaks Apartments | Timeless One Bedroom with the Willow | 1BR,1BA | $969 |
| Spring House on the Park | 1x1 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| rmLexington | RM-20 | 2BR,2BA | $1.34 |
| Hartland Place | The Belmont Stakes- C | 2BR,2BA | $1.19 |
| Tates Creek Crossings | 2 Bedroom 1.5 Bath Den | 2BR,1.5BA | $1.23 |
| Brandywine | 2 Bed Small | 2BR,2BA | $1.26 |
| The Metropolitan | Bluegrass | 2BR,1BA | $1.21 |
| 4044 Expo Ct, Lexington, KY, 40515-4682 | Covered front porch | 2BR,1BA | $0.97 |
| Shillito Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.24 |
| Canter Pointe | Affirmed - 1x1 | 1BR,1BA | $1.34 |
| The Callaway | 1 Bedroom Traditional | 1BR,1BA | $1.34 |
| Tates Creek Village | 1 Bedroom 1 Bathroom | 1BR,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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleQuick 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.
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 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

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.

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.

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.

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.