Cheap Apartments for Rent in Albany, KY from $500 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in Albany.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Governors Place
2 to 3 Bedroom Apartments

Governors Place

115 Governors Place LnLivingston, TN 38570
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Albany, KY Local Guide

Cheapest Available Albany Apartments for Rent and Nearby

 

The cheapest available apartment rental in Albany, KY is a 1 Bed unit found at Cypress Creek Apartments priced from $710. River Glow Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cypress Creek Apartments1 Bedroom1BR,1BA$710
River Glow ApartmentsOne Bedroom / On Bath1BR,1BA$735
StonehengeOne Bedroom One Bath1BR,1BA$784
University TowersStudios1BR,1BA$800
Willow Park ApartmentsCottage1BR,1BA$825

Best Value Apartments for Rent in Albany, KY and Nearby

As of May 14, 2025 the best value apartment in the Albany area is the $0.92 price per square foot Springfield II Model at Copper Springs by Meadows Properties in the starting from $1,650. The second greatest value Albany apartment is the 2 Bedroom Model at The Bellevue at 1045 starting at $1,229 with a $1.12 price per square foot . Here is today’s list of the best values for Albany apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Copper Springs by Meadows PropertiesSpringfield II3BR,2.5BA$0.92
The Bellevue at 10452 Bedroom2BR,2BA$1.12
The Grasslands3 Beds, 1 bath3BR,1BA$0.95
ELEVEN503 Beds, 2 baths3BR,2BA$1.18
New Construction--2 Bed 2 Bath2BR/2.0BA2BR,2BA$1.10
Teller Village Apartments2 Bedroom2BR,2BA$1.23
Mason Greene3 Bedroom Townhouse3BR,1.5BA$1.09
Hillview Terrace Apartments1-bedroom1BR,1BA$1.13
Cypress Creek Apartments1 Bedroom1BR,1BA$1.00
River Glow ApartmentsOne Bedroom / On Bath1BR,1BA$1.23

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Albany, KY Rentals by Map

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Getting Around Albany, KY

Walk Score®

21 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

20 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Albany Apartments

How much is rent for a Cheap One Bedroom Albany Apartment?

The lowest price for a Cheap One Bedroom Albany Apartment is $710 at Cypress Creek Apartments.

What is the lowest price for a Cheap Two Bedroom Albany Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Albany is starting from $785 at River Glow Apartments.

What is the most affordable Albany Three Bedroom Apartment?

The best deal on a cheap Albany Three Bedroom Apartment rental is at Mason Greene and starts from $869.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.