Cheap Apartments for Rent in the West Lexington Neighborhood of Lexington, KY from $500 (48 Rentals)

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

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 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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Hillrise Place
Studio Apartments

Hillrise Place

709 Hill Rise CtLexington, KY 40504

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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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
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1356 Royalty Ct
1 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
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St Martin Villa
1 to 2 Bedroom Apartments

St Martin Villa

412-422 Lima DrLexington, KY 40511
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Oxford Circle
1 Bedroom Apartments

Oxford Circle

1805 Oxford CirLexington, KY 40504
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1592 Alexandria Dr
1 to 2 Bedroom Apartments

1592 Alexandria Dr

1592 Alexandria DrLexington, KY 40504

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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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
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Stableview
2 Bedroom Apartments

Stableview

1050 Horsemans LnLexington, KY 40504
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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
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The Lex
Studio to 4 Bedroom Apartments

The Lex

521 S BroadwayLexington, KY 40508
Student Housing
  • Utilities Included

West Lexington - One of the Best Affordable Neighborhoods in Lexington

Named as one of the Best Affordable Neighborhoods to rent in Lexington by our Local Expert Catrina Cowart. See how it ranks!

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330 Newtown Apartments
1 to 3 Bedroom Apartments

330 Newtown Apartments

330 Newtown PikeLexington, KY 40508
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Whitney Woods
2 to 3 Bedroom Apartments

Whitney Woods

700 Whitney Woods PlLexington, KY 40504
Showing Results 1-48, Page 1 of 1

West Lexington, Lexington, KY Local Guide

Cheapest Available West Lexington Apartments for Rent

 

The cheapest available apartment rental in the West Lexington area of Lexington, KY is a 1 Bed unit found at Preakness Apartments priced from $715. Oxford Circle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here are the most affordable West Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Preakness ApartmentsP111BR,1BA$715
Oxford Circleoxf 1.11BR,1BA$735
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
1901 Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$755
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Park VistaPV1.11BR,1BA$829
Cambridge Park1 Bedroom 1 Bath1BR,1BA$850
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$854
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860

Best Value Apartments for Rent in West Lexington, KY

As of June 16, 2025 the best value apartment in the West Lexington area is the $1.09 price per square foot Three Bedroom Model at Davis Park Station - NOW Leasing! in the in the Northside Historic Residential neighborhood starting from $1,250. The second greatest value West Lexington apartment is the Two Bedroom Model at The Stretch starting at $865 with a $0.88 price per square foot in the Downtown Lexington neighborhood. Here is today’s list of the best values for West Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Davis Park Station - NOW Leasing!Three Bedroom3BR,2BA$1.09
The StretchTwo Bedroom2BR,2BA$0.88
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
SignatureThe Secretariat2BR,2BA$1.13
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
1901 Apartment Homes2 Bedrooms, 1 Bathroom2BR,1BA$1.13
Park VistaPV1.11BR,1BA$1.12
Cambridge Park1 Bedroom 1 Bath1BR,1BA$1.26
Preakness ApartmentsP111BR,1BA$1.07
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$1.15

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
West Lexington, Lexington, KY

Ranked #17

Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
West Lexington, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States and customized analysis for Central Lexington, KY. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, places that make kids happy, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the West Lexington Neighborhood in Lexington, KY

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap West Lexington Apartments

What is the price of a cheap apartment in West Lexington?

The cheapest apartment in West Lexington is Preakness Apartments which is listed at $715, while the average apartment in West Lexington costs $3,672.

What types of apartments are the cheapest in West Lexington?

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 9 regular apartments in West Lexington 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 West Lexington?

Cheap apartments in West Lexington have an average cost of $843 which is $2,829 cheaper than the average rent for all rentals in West Lexington.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.