Apartments for Rent in Kentucky under $500
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Studio $495Base rent108 West Burnett Avenue, Louisville, KY 40208Apply online • Cat friendly
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1 bd $485+Base rent2243 West Jefferson Street, Louisville, KY 40212Apply online • Cat friendly
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Only 3 units left1 bd $500Base rent3.5 (10)209 York Street, Louisville, KY 40203Apply online • Cat friendly -
Only 2 units leftStudio $100+Base rent5421 Scottsville Rd, Bowling Green, KY 42104Apply online • Pet friendly -
1 bd $300+2 bd $400+3 bd $475+Base rent Income restricted1030 Versailles Rd, LAWRENCEBURG, KY 40342Apply online • Pet friendly • Dishwasher
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1 bd $385+2 bd $465+Base rent Income restricted13500 Nortonville Road, Dawson Springs, KY 42408Apply online • Pet friendly • Dishwasher
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2 bd $350+3 bd $350+Base rent Income restricted103 Pate Place, Elizabethtown, KY 42701Apply online • Pet friendly
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Ask for pricingIncome restricted2425 Thoroughbred Drive, Bowling Green, KY 42104Apply online • In unit laundry • Patio/Balcony
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Ask for PricingIncome restricted110 East Moncrief Street, Scottsville, KY 42164-1667In unit laundry • Air conditioner
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Studio $300Base rent5.0 (1)4315 Southern Parkway, Louisville, KY 40214Pet friendly
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1 bd $479+Base rent2733 West Market Street, Louisville, KY 40212Pet friendly
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2 bd $425+Base rent2410 Elliott Avenue, Louisville, KY 40211Pet friendly
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3 bd $450Base rent1009 South 28Th Street, Louisville, KY 40211Pet friendly -
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2 bd $400Base rent2145 Rowan Street, Louisville, KY 40212Pet friendly -
1 bd $500Base rent923 Burton Ave., Louisville, KY 40208Pet friendly
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2 bd $450Base rent1752 West Oak Street, Louisville, KY 40210Pet friendly -
1 bd $475Base rent2703 Slevin Street, Louisville, KY 40212Pet friendly
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Frequently asked questions
When were prices and availability in Kentucky last updated?
Prices and availability in Kentucky were last updated on 14 Aug 2026.
What are the best apartments in Kentucky?
The best apartments in Kentucky are: Waterford Place, Wrights Point, Weaver Farm, Stonewater Apartments and Station JTown.
What type of rental buildings are in Kentucky?
In Kentucky 32% of the housing is rented out compared to 68% of homes are owned, according to the most recent Census Bureau estimates. 6% of Kentucky's apartments are found in large buildings of 50 units or more, 52% are located in smaller apartment complexes with less than 50 units, and 33% are single-family rentals.
Renting apartments in Kentucky under $500
Searching for apartments for rent in Kentucky under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Kentucky, where the average rent is $480 per month, there are 86 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Kentucky. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Kentucky going for $150 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.