Cheap Apartments for Rent in the 40502 ZIP Code of Lexington, KY from $300 (76 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 40502 ZIP Code area of Lexington.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Lakewood Park Apartments
Rent Specials
$1,409 - $1,849
Total Monthly Price

Total Monthly Price

Base Rent
$1,409 - $1,849
Total Monthly Price
$1,409 - $1,849
1 to 3 Bedroom Apartments Available Now

Lakewood Park Apartments

495 Laketower DrLexington, KY 40502
Corporate Housing
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Idle Hour Villas
1 Bedroom Apartments

Idle Hour Villas

2129-2213 Coburn BlvdLexington, KY 40502
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Dinsmore Pointe
1 Bedroom Apartments

Dinsmore Pointe

2248-2256 Dinsmore DrLexington, KY 40502
  • Utilities Included
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Malabu Bridge Condos
1 Bedroom Apartments

Malabu Bridge Condos

828 Malabu DrLexington, KY 40502
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Lakeview Estates
1 to 2 Bedroom Apartments

Lakeview Estates

164 Lakeshore DrLexington, KY 40502
  • Utilities Included

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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3Fifty8
Studio to 1 Bedroom Apartments

3Fifty8

358 B Duke RdLexington, KY 40502
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The Landing at Lex
1 to 2 Bedroom Apartments

The Landing at Lex

2066-2082 Fairmont CtLexington, KY 40502
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Forest View Apartments
1 to 2 Bedroom Apartments

Forest View Apartments

2035 Altamont CtLexington, KY 40502
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Merrick Place
1 to 3 Bedroom Apartments

Merrick Place

3260 Commodore DrLexington, KY 40502
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Chinoe Creek
1 to 2 Bedroom Apartments

Chinoe Creek

3522 Creekwood DrLexington, KY 40502

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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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Frequently Asked Questions about Cheap the 40502 ZIP Code Apartments

What is the Cheapest Studio apartment in 40502?

Currently the most affordable Cheap Studio Apartment in 40502 is at Cobblestone Court listed at $630.

How much is rent for a Cheap One Bedroom 40502 Apartment?

The lowest price for a Cheap One Bedroom 40502 Apartment is $430 at PINEY GROVE SENIOR APARTMENTS.

What is the lowest price for a Cheap Two Bedroom 40502 Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in 40502 is starting from $517 at Greenleaf Apartments.

What is the most affordable 40502 Three Bedroom Apartment?

The best deal on a cheap 40502 Three Bedroom Apartment rental is at Riverfront Village and starts from $870.

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

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

Written by: Catrina Cowart

I'm Catrina, your ApartmentHomeLiving.

decorative image for The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington article

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.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.