
Cheap Apartments for Rent in the 40504 ZIP Code of Lexington, KY from $300 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the 40504 ZIP Code area of Lexington.


Parkside Apts - Coming Soon!

1901 Apartment Homes

Twenty Two Twenty

Crystal Gardens

2343 Harrodsburg Rd

1921 Oxford Cir
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.

1081 Cross Keys Rd

The Crossings Apartment Homes

Senior Housing 55+ - Christian Towers II

The Studios at Belmont - MAJOR UTILITIES INCL

Flats at Turfland

The Alexandra

The Vue Lexington

Ashland Apartments - NEW Renovations

Belmont Run Apartments

Trifecta on Red Mile
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.

Thoroughbred Crossing

170-172 Delmont Dr

Studios340 - All Inclusive Pricing

Gateway Lofts Lexington

1081 S Broadway

Cross Keys & Woodridge Apartments
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.

Westminster Village - Affordable Housing
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.

Davis Park Station - NOW Leasing!

The Axis at 1435

1043 Crescent Ave

Beaumont Farms Apartments

1729 Midtown (Pre-Leasing for June 2025)
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 40504?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
40504 Studio Apartments | $1,414 | $920 | $2,380 |
40504 1 Bedroom Apartments | $1,053 | $575 | $2,128 |
40504 2 Bedroom Apartments | $1,475 | $625 | $4,603 |
40504 3 Bedroom Apartments | $1,216 | $950 | $1,799 |
40504 4 Bedroom Apartments | $2,389 | $1,220 | $2,700 |
Browse Apartments in the 40504 Zip Code of Lexington
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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.
Frequently Asked Questions about Cheap the 40504 ZIP Code Apartments
What is the Cheapest Studio apartment in 40504?
Currently the most affordable Cheap Studio Apartment in 40504 is at Sandlin Villas Apartments listed at $770.
How much is rent for a Cheap One Bedroom 40504 Apartment?
The lowest price for a Cheap One Bedroom 40504 Apartment is $700 at Summer Courtyard Apartments.
What is the lowest price for a Cheap Two Bedroom 40504 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 40504 is starting from $517 at Greenleaf Apartments.
What is the most affordable 40504 Three Bedroom Apartment?
The best deal on a cheap 40504 Three Bedroom Apartment rental is at Ivy Pointe Apartments and starts from $749.
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.