Note: Properties with the Total Monthly Price badge include all required fees. Tap the badge for more details.
-

Bedrooms

Bathrooms

Deals & Discount Filters
All Filters

Deals & Discounts

Price Range

–

Beds & Baths

Beds

Baths

Home Type

Pet Policy

Interior & Community Amenities

Speciality Housing

Keyword Search

Cheap Apartments for Rent in Downtown Lexington

484 Rentals
.
  14. Building Photo - The Lex
    STUDIO
    $1,469+
    1 BED
    $1,549+
    2 BEDS
    $1,039+
    3 BEDS
    $1,009+

    The Lex

    521 S Broadway, Lexington, KY 40508
  15. Building Photo - 400 S Ashland Ave
    STUDIO, 1 BATH
    $900
    Total Monthly Price Total Monthly Price New
    Base Rent$900
    Required Monthly FeesNone
    Total Monthly Price$900

    400 S Ashland Ave Unit #1

    400 S Ashland Ave, Lexington, KY 40502
    Apply
  22. Building Photo - 633 Ohio St
    1 BED, 1 BATH
    $950

    633 Ohio St

    633 Ohio St, Lexington, KY 40508
  24. Pool and hot tub - The Wyatt
    |
    1 BED
    $1,449+
    2 BEDS
    $1,049+
    3 BEDS
    $1,009+
    4 BEDS
    $959+

    The Wyatt

    497 S Angliana Ave, Lexington, KY 40508
    (859) 800-5849
  26. Building Photo - 444 S Ashland Ave
    1 BED, 1 BATH
    $975
    Total Monthly Price Total Monthly Price New
    Base Rent$975
    Required Monthly FeesNone
    Total Monthly Price$975

    444 S Ashland Ave Unit B-07

    444 S Ashland Ave, Lexington, KY 40502
    Apply
  29. Building Photo - Signature
    1 BED
    $1,660+
    2 BEDS
    $1,157+
    4 BEDS
    $995+
    Total Monthly Price Total Monthly Price New
    Base Rent$995 - $2,364
    Required Monthly FeesNone
    Total Monthly Price$995 - $2,364

    Signature

    840 Angliana Ave, Lexington, KY 40508
    (614) 705-0705
  30. Building Photo - 807 Press Ave
    1 BED, 1 BATH
    $995
    Total Monthly Price Total Monthly Price New
    Base Rent$995
    Required Monthly FeesNone
    Total Monthly Price$995

    807 Press Ave Unit 1

    807 Press Ave, Lexington, KY 40508
  36. Building Photo - 614 Ohio St
    2 BEDS, 1 BATH
    $1,050

    614 Ohio St

    614 Ohio St, Lexington, KY 40508
  42. Building Photo - 123 Montmullin St
    1 BED, 1 BATH
    $1,100
    Total Monthly Price Total Monthly Price New
    Base Rent$1,100
    Required Monthly FeesNone
    Total Monthly Price$1,100

    123 Montmullin St

    123 Montmullin St, Lexington, KY 40508
Showing 42 of 115 results, Page 1 of 3

Lexington at a Glance

Average Rent

$2,160
(All bedrooms and property types)
Learn more about
Average Rent in Lexington
0

School Rating

out of 10 Rating
Learn more about
Schools in Lexington

Cheap Apartments in Downtown Lexington Neighborhood in Lexington, KY

When looking for cheap apartments in Downtown 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 Downtown 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 115 cheap apartments available in Downtown Lexington, Apartment Finder is the place to find your next rental.

Top Budget-Friendly Neighborhoods in Lexington

(For 1 bedroom apartments)

Education

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

tooltips

I would like to...
0 out of 400 characters
By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to... By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to Apartmentfinder.com’s Privacy Statement and Terms of Service. Consent is not a condition for services. Message and data rates may apply. Read More Read Less

Submitting Request

Thank You

Your email has been sent.

Learn about our ratings.