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Cheap Apartments for Rent in Lexington, KY

3,110 Rentals
.
  5. Rent Special
    Rent Special
    2 BEDS
    $899+
    3 BEDS
    $1,009+
    4 BEDS
    $749+

    The Lex

    521 S Broadway, Lexington, KY 40508
  7. Interior Photo - The Stretch
    Rent Special
    Rent Special
    2 BEDS
    $930+
    4 BEDS
    $750+

    The Stretch

    1051 Red Mile Rd, Lexington, KY 40504
  12. Interior Photo - Heritage Hills
    1 BED
    $779+
    2 BEDS
    $1,150+

    Heritage Hills

    1708 Jennifer Rd, Lexington, KY 40505
  16. Building Photo - Rosetown Apartments
    Rent Special
    Rent Special
    1 BED
    $800+
    2 BEDS
    $900+
    3 BEDS
    $1,000+

    Rosetown Apartments

    320 Elm Tree Ln, Lexington, KY 40508
  26. Interior Photo - Park Vista
    1 BED
    $829+
    2 BEDS
    $915+

    Park Vista

    1270 Village Dr, Lexington, KY 40504
  28. Building Photo - 562 Woodland Ave
    STUDIO, 1 BATH
    $850
    Total Monthly Price Total Monthly Price New
    Base Rent$850
    Required Monthly FeesNone
    Total Monthly Price$850

    562 Woodland Ave Unit #34

    562 Woodland Ave, Lexington, KY 40508
  29. 2045 Cambridge Dr - Cambridge Park
    1 BED
    $850+
    2 BEDS
    $950+

    Cambridge Park

    2045 Cambridge Dr, Lexington, KY 40504
  38. Pool - Kearney Ridge - Affordable Housing
    Rent Special
    Rent Special
    1 BED
    $885+
    2 BEDS
    $1,050+
    3 BEDS
    $1,260+
    Total Monthly Price Total Monthly Price New
    Base Rent$885 - $1,260
    Required Monthly FeesNone
    Total Monthly Price$885 - $1,260

    Kearney Ridge - Affordable Housing

    2559 Kearney Ridge Blvd, Lexington, KY 40511
    (859) 800-7581
Showing 42 of 447 results, Page 1 of 11

Lexington at a Glance

Average Rent

$1,122
(All bedrooms and property types)
Learn more about
Average Rent in Lexington
8

School Rating

out of 10 Rating
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Schools in Lexington

Lexington, KY Cheap Apartments for Rent

When looking for cheap apartments in Lexington, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Lexington.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 447 cheap apartments available in Lexington Apartment Finder is the place to find your next rental.

Renting in Lexington

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Lexington

(For 1 bedroom apartments)

Education

Public University
Private University
Private University
Public University
Public University
GreatSchools Rating
Lafayette High School

Public High School

Public
Grades 9-12
2,297 Students
GreatSchools Rating
Opportunity Middle College

Public High School

Public
Grades 9-12
93 Students
GreatSchools Rating
STEAM Academy

Public High School

Public
Grades 9-12
422 Students
GreatSchools Rating
Henry Clay High School

Public High School

Public
Grades 9-12
1,888 Students
GreatSchools Rating
Frederick Douglass High School

Public High School

Public
Grades 9-12
1,782 Students
GreatSchools Rating
Edythe Jones Hayes Middle School

Public Middle School

Public
Grades 6-8
1,109 Students
GreatSchools Rating
Jessie M Clark Middle School

Public Middle School

Public
Grades 6-8
992 Students
GreatSchools Rating
Beaumont Middle School

Public Middle School

Public
Grades 6-8
735 Students
GreatSchools Rating
Southern Middle School

Public Middle School

Public
Grades 6-8
738 Students
GreatSchools Rating
Veterans Park Elementary School

Public Elementary School

Public
Grades K-5
685 Students
GreatSchools Rating
Cassidy Elementary School

Public Elementary School

Public
Grades K-5
647 Students
GreatSchools Rating
Athens-Chilesburg Elementary School

Public Elementary School

Public
Grades K-5
619 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Apartments for Rent Near Lexington

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Lexington Apartments for Rent in Your Budget

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