Cheap Apartments for Rent in Lancaster, KY from $600 (23 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
Showing Results 1-23, Page 1 of 1

Lancaster, KY Local Guide

Cheapest Available Lancaster Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lancaster, KY is a 1 Bed unit found at Morrow Rentals priced from $650. Shawnee Trail Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $726. Here is today’s list of the most affordable Lancaster apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Morrow RentalsOne Bed1BR,1BA$650
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$726
Meadow Pointe ApartmentsNew 2BR Rehabs2BR,1BA$829
1040 Brandy LnTwo Bed2BR,1BA$900
Brandywine1 Bed1BR,1BA$915

Best Value Apartments for Rent in Lancaster, KY and Nearby

As of April 28, 2025 the best value apartment in the Lancaster area is the $1.18 price per square foot 2 Bedroom Townhomes Model at Squire Mill Town Homes in the in the Boone Creek neighborhood starting from $1,250. The second greatest value Lancaster apartment is the One Bedroom Model at The Resort starting at $995 with a $1.11 price per square foot . Here is today’s list of the best values for Lancaster apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Squire Mill Town Homes2 Bedroom Townhomes2BR,2BA$1.18
The ResortOne Bedroom1BR,1BA$1.11
Meadow Pointe ApartmentsMeadow Pointe 2 bedrooms2BR,1BA$0.92
Legacy Lake ApartmentsOne Bedroom One Bath1BR,1BA$1.28
Vines at Saddlebrook2 x 12BR,1BA$1.18
The Callaway1 Bedroom Premium1BR,1BA$1.20
Brandywine1 Bed1BR,1BA$1.20
Ashton on Main2 Bedroom2BR,1BA$1.43
1040 Brandy LnTwo Bed2BR,1BA$1.25
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$1.38

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Best Local Schools in
Lancaster, KY

School data provided by Great Schools

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

Explore Lancaster, KY Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lancaster, KY

View MapLancaster, KY Apartments MapView MapLancaster, KY Rental Homes Map

Getting Around Lancaster, KY

Walk Score®

16 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

17 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

2 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lancaster Apartments

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

The lowest price for a Cheap One Bedroom Lancaster Apartment is $650 at Morrow Rentals.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lancaster is starting from $829 at Meadow Pointe Apartments.

What is the most affordable Lancaster Three Bedroom Apartment?

The best deal on a cheap Lancaster Three Bedroom Apartment rental is at 1040 Brandy Ln and starts from $1,000.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.