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Cheap Apartments for Rent in Kentucky - 666 Rentals available

Apartments Under $500

  • 54 Stokes Court, Monticello, KY 42633
    $447 - $709
    • 1-4 Beds
    • 1-1.5 Baths
    The Woda Group
    Last updated 8 Mar 2021
    (606) 305-9539

Apartments Under $600

Apartments Under $700


Frequently Asked Questions

What is the price of a cheap apartment in Kentucky?

The price range of a cheap apartment is between $447 and $2,433. Find cheap apartments in Kentucky.

How many cheap rentals are available in Kentucky on RENTCafé?

There are 624 cheap rentals available on RENTCafé. Prices and availability in Kentucky were last updated on 8 Mar 2021.

What is the average size of a cheap apartment in Kentucky?

The average Kentucky cheap apartment size is 710 sq. ft.

What are the advantages of renting a cheap apartment in Kentucky?

Cheap apartments in Kentucky 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 Kentucky?

A cheap apartment in Kentucky offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Kentucky.

Kentucky Demographics

  • Total Population4,460,857
  • Female 2,198,587
    Male 2,262,270
  • Median Age42

Average Rent in Kentucky

  • Kentucky Average Rental Price, February 2021 $966 /mo

Kentucky Apartment Rent Ranges

  • < $5001%
  • $501-$70014%
  • $701-$1,00050%
  • $1,001-$1,50029%
  • $1,501-$2,0004%
  • > $2,0002%

Kentucky Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Feb / 2021
Kentucky $863 $865 $888 $902 $926 $932 $937 $954 $966
National $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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Kentucky Households

  • Total Number of Households1,737,534
  • Family 1,138,114
    Non-family 599,420
  • Children 540,751
    No Children 1,196,783
  • Average People Per Household2.5
  • Median Household Income$42,784
  • Median Housing Costs Per Month$587

Kentucky Education Statistics

  • No High School5%
  • Some High School45%
  • Some College27%
  • Associate Degree8%
  • Bachelor Degree14%

Looking for a cheap apartment for rent in Kentucky? With RENTCafé, finding an affordable apartment in Kentucky has never been easier. We feature 667 low-priced rentals directly from property managers, with rents lower than the Kentucky average. What is a cheap rent in Kentucky? The average apartment rent in Kentucky is $966 per month so any rental south of $773 would be considered cheap here. On RENTCafé, Kentucky rents go as low as $447/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!