Cheap Homes for Rent in West Lexington Neighborhood of Lexington, KY from $700 (9 Rentals)

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Search the lowest-cost Homes 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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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

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

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Frequently Asked Questions about West Lexington

What type of rentals are currently available in West Lexington?

There are currently 345 Apartments for Rent in West Lexington, KY with pricing that ranges from $715 to $7,045. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in West Lexington ranging from $725 to $2,900.

What is the current price range for Rental Homes in West Lexington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in West Lexington ranges from $725 to $2,900 with an average monthly rent of $1,763.

How much are larger Three and Four Bedroom Rentals in West Lexington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in West Lexington range from $950 to $7,045, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,299 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,220.

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.

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

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.