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Apartments Under $500 in Lexington, KY

1 - 3 of 3 Results
4
$479 - 499
Brookstone Apartments
3.6
1313 Nancy Hanks Rd Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
$425 - 475
Imperial Studio
2.6
381 Elain Drive Lexington, KY
Studio | Available Now
Contact
Heat Included
Furnished
Air Conditioning
1 - 3 of 3 Results

All Apartments in Lexington, KY

30 Results
20
$700 - 985
Caballo Crossing
Deal
522 Hollow Creek Rd Lexington, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
Pool
12
$883 - 1,227
330 Newtown Apartments
330 Newtown Pike Lexington, KY
1 - 3 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
Disability Access
Dishwasher
62
$1,246 - 3,456
Merrick Place
5.0
3260 Commodore Drive Lexington, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
21
3D Tour
$1,378 - 2,872
The Retreat at Hamburg Place Apartments
2365 Sir Barton Road Lexington, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
36
$1,650
Lexington - Tates Creek
3575 Tates Creek Rd Lexington, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
26
$1,620
Lexington - Nicholasville Road
2650 Wilhite Dr Lexington, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
34
3D Tour
$1,413 - 3,320
Forty57 Apartments
4057 Mooncoin Way Lexington, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
2
$995 - 1,205
400 Gatehouse
1825 Liberty Rd Lexington, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
3
$1,025
902 The Studios At Patchen
2750 Gribbin Dr Lexington, KY
Studio | Dec. 19, 2025
Contact
Heat Included
Dog Friendly
Cat Friendly
Fitness Center
Storage
1
$1,895
3 Bedrooms, 2.5 Baths, And A Secret Agent Garage!
184 Acorn Falls Dr Lexington, KY
3 BR | Available Now
Contact
House
Balcony/Deck/Patio
Dishwasher
1
$2,400
Housing For The 26-27 School Year
649 Golfview Dr Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,975
Now Leasing 568 Wellington Gardens Drive
568 Wellington Gardens Dr Lexington, KY
3 BR | Available Now
Contact
House
Balcony/Deck/Patio
Dishwasher
Fireplace
1
$2,650
Spacious 4 Bed 2.5 Bath In Lexington!
129 Masterson Station Dr Lexington, KY
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$2,195
Large 4 Bed, 2.5 Bath In Lexington!
2121 Drummond Dr Lexington, KY
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
22
$1,571
Palomar Stables Apartments
3765 Winthrop Dr Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
15
$1,029
Forest Creek Apartments
1176 Appian Crossing Way Lexington, KY
2 BR | Available Now
Contact
Storage
Dishwasher
33
Call for Pricing
Garden Estates
4176 Todds Rd Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
8
$865
Valore at the Baxter
Deal
1589 Martha Ct Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Eastland Parkway
16
$915 - 1,461
Tates Creek Crossings
Deal
1143 Centre Pkwy Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
Gainesway
14
$1,300
MidTown Apartments
201 Simpson Ave, Lexington, KY
1 BR | Apr. 30, 2026
Contact
Heat Included
Dog Friendly
Cat Friendly
Student
Virtual Tour
15
$975 - 1,375
Prime at Gardenside
Deal
2044 Georgian Way Lexington, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
133
$1,520 - 1,786
Palomar View Apartments
4121 Reserve Rd Lexington, KY
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
30
$1,394 - 2,306
Waterstone at Hamburg Apartments
3.4
2785 Polo Club Blvd Lexington, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
5
$600 - 820
Cove Lake Village
4.5
3351 Cove Lake Dr Lexington, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Pool
4
$510 - 545
PER
BED
Limestone Square
3.8
129 Transcript Ave # 2 Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
In Unit Laundry
33
$1,279 - 2,064
Fifteen51 Apartments Of Lexington
Deal
1551 Aristides Boulevard Lexington, KY
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
Surface Parking
5
$925 - 1,345
200 The Ascent1555
1555 Eastland Pkwy Lexington, KY
Studio - 2 BR | Dec. 29, 2025
Contact
Heat Included
Dog Friendly
Cat Friendly
Storage
Dishwasher
11
$1,695
638 Breckenridge St
Lexington, KY
3 BR | Dec. 24, 2025
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
41
Call for Pricing
Patchen Oaks Apartments
4.2
251 Chippendale Circle Lexington, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
24
$1,850
1185 Mt. Rushmore
Lexington, KY
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
  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 3 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 3 studio apartments under $500 available for rent in Lexington.

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

Rentable.co has 132 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 $18,000.

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

  1. Lakeview Islands
  2. Calumet
  3. Harrods Hill

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

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
Lakeview Islands 1
Calumet 1
Harrods Hill 1
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