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Cheap Apartments for Rent in Frankfort, KY

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  • Apartments Under $600 Apartments Under $900 Apartments Under $1,000

  • Apartments Under $600

  • Rent specials 10 units available
    Studio $561+
    1 bd $699+
    2 bd $950+
    Base rent
    Verified Listing

    Riverview Apartments

    3.0 (27)
    101 Compton Drive, Frankfort, KY 40601
    Apply online • Pet friendly

  • Apartments Under $900

  • Rent specials 10 units available
    1 bd $810+
    2 bd $871+
    3 bd $1,217+
    Base rent
    Verified Listing

    Country Hills

    4.0 (18)
    565 Schenkel Ln, Frankfort, KY 40601
    Apply online • Pet friendly

  • Apartments Under $1,000

  • New Units Available
    2 bd $900
    Base rent
    Verified Listing

    FarmStead

    3.5 (8)
    1407 Steadmantown Lane, Frankfort, KY 40601
    Apply online • Pet friendly • In unit laundry
  • 1 bd $1,090
    2 bd $904+
    Base rent
    Verified Listing

    Breckenridge Estates Apartments

    4.0 (4)
    1522 Fieldstone Dr., Lawrenceburg, KY 40342
    Pet friendly • Dishwasher • Patio/Balcony
  • 3-1-city

Frequently asked questions

What is the price of a cheap apartment in Frankfort, KY?

The price range of a cheap apartment is between $563 and $1,553.

How many cheap rentals are available in Frankfort, KY on RentCafe?

There are 19 cheap rentals available on RentCafe. Prices and availability in Frankfort, KY were last updated on 8 Nov 2026.

What is the average size of a cheap apartment in Frankfort, KY?

The average Frankfort, KY cheap apartment size is 726 sq. ft.

What are the advantages of renting a cheap apartment in Frankfort, KY?

Cheap apartments in Frankfort, KY are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Frankfort, KY?

A cheap apartment in Frankfort, KY offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in Frankfort, KY? With RentCafe, finding an affordable apartment in Frankfort, KY has never been easier. We feature 27 low-priced rentals directly from property managers, with rents lower than the Frankfort, KY average. What is a cheap rent in Frankfort, KY? The average apartment rent in Frankfort is $1,058 per month so any rental south of $847 would be considered cheap here. On RentCafe, Frankfort, KY rents go as low as $561/mo.