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Apartments Under $500 in Lexington, KY

1 - 4 of 4 Results
7
$130
Rose Tower
2.8
137 Rose St Lexington, KY
Studio | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
1
$ Ask - 1,759
Lakewood Park Apartments
495 Laketower Dr Lexington, KY
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
4
$479 - 499
Brookstone Apartments
3.6
1313 Nancy Hanks Rd Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
$425 - 475
Imperial Studio
2.6
381 Elain Drive Lexington, KY
Studio | Available Now
Contact
Heat Included
Furnished
Air Conditioning
1 - 4 of 4 Results
  1. Home
  2. Lexington
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Lexington, KY on Rentable.co?

There are 4 apartments under $500 in Lexington currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Lexington?

Rentable.co has 4 studio apartments under $500 available for rent in Lexington.

How many one-bedroom apartments under $500 are available in Lexington?

Rentable.co has 243 one-bedroom apartments under $500 available for rent in Lexington.

How many two-bedroom apartments under $500 are available in Lexington?

Rentable.co has 124 two-bedroom apartments under $500 available for rent in Lexington.

Can I afford a apartment under $500 in Lexington, KY?

To comfortably afford a apartment under $500 in Lexington based on average rent prices, a household would need an annual income of $17,000.

Which neighborhoods have the most apartments under $500 for rent in Lexington, KY?

  1. Lakeview Islands
  2. Calumet
  3. Harrods Hill
  4. Aylesford

Apartments Under $500 in Lexington, KY: December Rental Information

Welcome to the December 2025 Lexington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 key findings and figures for the Lexington rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Lexington and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $500 in Lexington.

Each month, Rentable analyzes and delivers comprehensive data on the rental market to help you make an informed decision about your next apartment. Keep reading to learn more about apartments under $500 in Lexington and start your search today.
0 7 15 22 30 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 $1,520 $1,600 $1,680 $1,760
This month, the typical cost to rent a one-bedroom apartment in Lexington stands at $1,000, with the majority falling between $620 and $1,780. Out of the 3,261 one-bedroom apartments currently on the market in Lexington, 112 are priced below $500, accounting for 3% of the total available one-bedroom units in Lexington.

Available Apartments Under $500: Lexington vs. Surrounding Areas

Lexington, KY
9
The chart above displays the number of available apartments under $500 in Lexington, KY and its surrounding cities. As of December 2025, the inventory in Lexington is represented along with the number of apartments in Richmond, Frankfort, Versailles, Winchester, Nicholasville, Georgetown, Harrodsburg, Millersburg, Lawrenceburg, Wilmore, and Lancaster. This chart provides a comprehensive view of affordable rental options in the Lexington, KY metro area, with a total of 15 apartments currently available for rent.

Apartments Under $500 Now vs. Last Month: Lexington and Surrounding Areas

City Apartments Under $500 in December M/M % Change
Lexington, KY 9 +0.85%
Richmond, KY 2 -2.5%
Millersburg, KY 1 +0.6%
Harrodsburg, KY 1 +1.0%

Looking for Apartments Under $500 in Lexington?

Available apartments under $500 377
Top amenities On Site Laundry, Refrigerator, Range / Oven, Off Street Parking, Pet Friendly Community
Pet friendly 15
Utilities included 2
Furnished 1
Studio 4
1 Bedroom 7
2 Bedroom 5
Square footage 40 - 1,338

Where are Lexington Apartments Under $500?

Top Neighborhoods Lakeview islands, Calumet, Harrods hill, Aylesford
Lakeview Islands 1
Calumet 1
Harrods Hill 1
Aylesford 1
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