
Cheap Apartments for Rent in the 40502 ZIP Code of Lexington, KY from $300 (70 Rentals)
Search the lowest-cost Apartments available for rent right now in the 40502 ZIP Code area of Lexington.


The Townhomes and Flats at Fontaine

Shorelake Apartments - Recently Remodeled!

Lansdowne Apartments

Crescent at Shadeland Apartments

Landing at Malabu

The Reserve At Merrick
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BelleFontaine Apartment Homes

Woodland Park Apartments - UTILITIES INCLUDED
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Rose Tower Apartments

The Studios at Belmont - MAJOR UTILITIES INCL

Chelsea Apartments
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Mt. Tabor Apartments

The Champions at Bluegrass

The Axis at 1435

Mount Tabor Townhouses

1043 Crescent Ave

Patchen Place Apartments

Barrel Oaks Apartments

Rivers at Bluegrass
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.

The Studios at Patchen - FREE Utilities

Gatehouse Apartments - Most Utl Incl.

Belmont Run Apartments

Revive 1749 - All Utilities Incl

Patchen Oaks

The Colony at the Oaks

Studios340 - All Inclusive Pricing

1364 Leaning Tree Ln

1081 S Broadway

1729 Midtown (Pre-Leasing for June 2025)

Gateway Lofts Lexington

1625 Liberty Rd
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart
Lexington, KY Local Guide

How much does it cost to rent an apartment in 40502?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
40502 Studio Apartments | $1,224 | $749 | $2,380 |
40502 1 Bedroom Apartments | $1,205 | $610 | $3,199 |
40502 2 Bedroom Apartments | $1,538 | $928 | $5,499 |
40502 3 Bedroom Apartments | $1,765 | $1,150 | $4,200 |
40502 4 Bedroom Apartments | $2,367 | $1,500 | $2,700 |
Browse Apartments in the 40502 Zip Code of Lexington
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Lexington, KY Local Guide
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Quick Rent Budget Calculator
How much rent can you afford?
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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 The Park at Forestdale listed at $606.
How much is rent for a Cheap One Bedroom 40502 Apartment?
The lowest price for a Cheap One Bedroom 40502 Apartment is $660 at The Park at Forestdale.
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 Pinegrove and starts from $1,259.
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.

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.

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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.