Cheap Apartments for Rent in the 40503 ZIP Code of Lexington, KY from $300 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the 40503 ZIP Code area of Lexington.

Chelsea Apartments

The Axis at 1435

Rivers at Bluegrass

Regency Apartments at Southland

Shillito Park Apartments

The Wellington

Bridle Creek Apartments

Rabbit Run Apartments
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.

MAA Mansion

1729 Midtown (Pre-Leasing for June 2025)

Kampus Properties STUDENT HOUSING - 2024-'25

2343 Harrodsburg Rd

Tates Creek Village

Lansdowne Apartments

Breckinridge Court

Harrods Point Apartments - Newly remodeled
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.

The Alexandra

The Callaway

The Studios at Belmont - MAJOR UTILITIES INCL

Flats at Turfland

Landing at Malabu

Creeks on Kirklevington

Barrel Oaks Apartments

The Vue Lexington

Park Thirty99

Belmont Run Apartments

The Element
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.

Beaumont Farms Apartments

The Colony at the Oaks

Spring House on the Park

Gateway Lofts Lexington

1081 S Broadway

Saddlebrook at Tates Creek

2180 Winterberry Dr
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.
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 40503?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
40503 Studio Apartments | $1,332 | $795 | $2,380 |
40503 1 Bedroom Apartments | $1,271 | $610 | $2,388 |
40503 2 Bedroom Apartments | $1,522 | $995 | $3,817 |
40503 3 Bedroom Apartments | $1,817 | $1,300 | $2,978 |
40503 4 Bedroom Apartments | $2,512 | $2,450 | $2,700 |
Browse Apartments in the 40503 Zip Code of Lexington
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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.
Frequently Asked Questions about Cheap the 40503 ZIP Code Apartments
What is the Cheapest Studio apartment in 40503?
Currently the most affordable Cheap Studio Apartment in 40503 is at Northbrook listed at $864.
How much is rent for a Cheap One Bedroom 40503 Apartment?
The lowest price for a Cheap One Bedroom 40503 Apartment is $675 at Reunion Apartments.
What is the lowest price for a Cheap Two Bedroom 40503 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 40503 is starting from $717 at Winwood Manor.
What is the most affordable 40503 Three Bedroom Apartment?
The best deal on a cheap 40503 Three Bedroom Apartment rental is at Chanticleer Apartments and starts from $1,250.
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.

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.

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.