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Cheap Apartments for Rent in Downtown Lexington

511 Rentals
.
  7. Building Photo - Hub Limestone
    2 BEDS
    $1,295+
    3 BEDS
    $1,314+
    4 BEDS
    $799+

    Hub Limestone

    685 S Limestone, Lexington, KY 40508
  16. Building Photo - 563 Ohio St
    1 BED, 1 BATH
    $895

    563 Ohio St

    563 Ohio St, Lexington, KY 40508
  19. Pool and hot tub - The Wyatt
    |
    1 BED
    $1,419+
    2 BEDS
    $1,029+
    3 BEDS
    $999+
    4 BEDS
    $929+

    The Wyatt

    497 S Angliana Ave, Lexington, KY 40508
    (859) 800-5849
  20. Building Photo - The Lex
    STUDIO
    $1,469+
    1 BED
    $1,549+
    2 BEDS
    $1,029+
    3 BEDS
    $1,009+

    The Lex

    521 S Broadway, Lexington, KY 40508
  23. Building Photo - 633 Ohio St
    1 BED, 1 BATH
    $950

    633 Ohio St

    633 Ohio St, Lexington, KY 40508
Showing 42 of 107 results, Page 1 of 3

Lexington at a Glance

Average Rent

$2,101
(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
63

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Lexington
80

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation 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 107 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)

Getting Around Lexington

Transportation

84

Very Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
80

Very Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
63

Good Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

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

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