
Cheap Apartments for Rent in the 40508 ZIP Code of Lexington, KY from $300 (63 Rentals)Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the 40508 ZIP Code area of Lexington.


Imperial Studio Apartments

1356 Royalty Ct

Woodland Park Apartments - UTILITIES INCLUDED

426 E High St

Stableview
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.

109 Withers Ave

Arlington Lofts

Rose Tower Apartments

Central Christian Church Apartments

University Flats

Preserve 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.

Red Mile Square Townhomes
Lexington, KY Local Guide

How much does it cost to rent an apartment in 40508?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 40508 Studio Apartments | $1,238 | $875 | $1,855 |
| 40508 1 Bedroom Apartments | $1,345 | $700 | $3,695 |
| 40508 2 Bedroom Apartments | $1,491 | $895 | $2,632 |
| 40508 3 Bedroom Apartments | $1,113 | $796 | $1,875 |
| 40508 4 Bedroom Apartments | $1,280 | $739 | $2,900 |
Browse Apartments in the 40508 Zip Code of Lexington
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Frequently Asked Questions about Cheap the 40508 ZIP Code Apartments
What is the Cheapest Studio apartment in 40508?
Currently the most affordable Cheap Studio Apartment in 40508 is at Madison Park Apartments & Townhomes listed at $675.
How much is rent for a Cheap One Bedroom 40508 Apartment?
The lowest price for a Cheap One Bedroom 40508 Apartment is $430 at PINEY GROVE SENIOR APARTMENTS.
What is the lowest price for a Cheap Two Bedroom 40508 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 40508 is starting from $725 at Hillcrest Apartments.
What is the most affordable 40508 Three Bedroom Apartment?
The best deal on a cheap 40508 Three Bedroom Apartment rental is at Pointe Arlington and starts from $900.
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

Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.

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.

The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.