If you’re searching for a new place to live in Lexington-Fayette, rent prices are probably one of the most important factors in your decision. Apartment rental prices in Lexington-Fayette neighborhoods have continued to increase over the years. Luckily, even in 2025, there are some Lexington-Fayette neighborhoods that do offer budget friendly, affordable rental rates. The list of the cheapest neighborhoods in Lexington-Fayette for renters is sorted by lowest median rental rates compared to the Lexington-Fayette average.