Cheap Apartments for Rent in the West Lexington Neighborhood of Lexington, KY from $500 (61 Rentals)

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

property at 1921 Oxford Cir

$750 - $850

1 To 2 Bedroom Rentals

Available Now

1921 Oxford Cir

LexingtonKY40504

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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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
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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 to 2 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
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1592 Alexandria Dr
1 to 2 Bedroom Apartments

1592 Alexandria Dr

1592 Alexandria DrLexington, KY 40504
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Preakness Apartments
1 to 3 Bedroom Apartments

Preakness Apartments

1707-1724 Versailles RdLexington, 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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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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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
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Stableview
2 Bedroom Apartments

Stableview

1050 Horsemans LnLexington, KY 40504
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Park Vista
1 to 2 Bedroom Apartments

Park Vista

1270 Village DrLexington, KY 40504
  • Utilities Included

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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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 1901 Apartment Homes priced from $620. VELO - Waller Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable West Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$620
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Preakness ApartmentsP111BR,1BA$750
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
Park VistaPV1.11BR,1BA$829
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
Flats at TurflandFlat - Open Kitchen1BR,1BA$895

Best Value Apartments for Rent in West Lexington, KY

As of February 07, 2026 the best value apartment in the West Lexington area is the $0.91 price per square foot 3 Bed Townhome New Construction Model at Victory Point Apartments & Townhomes in the in the Georgetown neighborhood starting from $1,115. The second greatest value West Lexington apartment is the Two Bedroom Model at The Stretch starting at $930 with a $0.95 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.
Victory Point Apartments & Townhomes3 Bed Townhome New Construction3BR,2.5BA$0.91
The StretchTwo Bedroom2BR,2BA$0.95
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
Preakness ApartmentsP313BR,1BA$1.14
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
MidTown Apartments1 Bedroom1BR,1BA$1.17
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$0.83
Park VistaPV1.11BR,1BA$1.12
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22
Oxford Circleoxf 1.11BR,1BA$1.36

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
West Lexington, Lexington, KY

Ranked #36

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
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!

Frequently Asked Questions about Cheap West Lexington Apartments

How much is rent for a Cheap One Bedroom West Lexington Apartment?

The lowest price for a Cheap One Bedroom West Lexington Apartment is $620 at 1901 Apartment Homes.

What is the lowest price for a Cheap Two Bedroom West Lexington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in West Lexington is starting from $805 at Twenty Two Twenty.

What is the most affordable West Lexington Three Bedroom Apartment?

The best deal on a cheap West Lexington Three Bedroom Apartment rental is at Twenty Two Twenty and starts from $1,000.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.