
Cheap Homes for Rent in Lancaster, KY from $300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lancaster.


66 Russell Dr
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.

470 Rainbow Ct

463 Rainbow Ct
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.

450 W Office St

108 Manna Dr
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.
Lancaster, KY Local Guide

How much does it cost to rent a home in Lancaster?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lancaster 2 Bedroom Homes for Rent | $950 | $675 | $1,200 |
Lancaster 3 Bedroom Homes for Rent | $1,481 | $985 | $1,950 |
Lancaster 4 Bedroom Homes for Rent | $2,520 | $2,250 | $3,800 |
Browse Top Homes for Rent in Lancaster
Explore Lancaster
Lancaster, KY Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lancaster Apartments for Rent and Nearby
 The cheapest available apartment rental in Lancaster, KY is a 1 Bed unit found at Shawnee Trail Apartments priced from $726. Meadow Pointe Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $829. Here is today’s list of the most affordable Lancaster apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Shawnee Trail Apartments | One Bedroom | 1BR,1BA | $726 |
Meadow Pointe Apartments | New 2BR Rehabs | 2BR,1BA | $829 |
1040 Brandy Ln | Two Bed | 2BR,1BA | $900 |
Best Value Apartments for Rent in Lancaster, KY and Nearby
As of May 12, 2025 the best value apartment in the Lancaster area is the $1.36 price per square foot Yorkshire Model at MAA Pinnacle in the in the The Meadows At Brannon Crossing neighborhood starting from $1,678. The second greatest value Lancaster apartment is the B2 Ridley's Cheer - Two Bedroom, Two Bathroom Model at Enclave Hartland starting at $1,476 with a $1.33 price per square foot in the The Meadows At Brannon Crossing neighborhood. Here is today’s list of the best values for Lancaster apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
MAA Pinnacle | Yorkshire | 2BR,2BA | $1.36 |
Enclave Hartland | B2 Ridley's Cheer - Two Bedroom, Two Bathroom | 2BR,2BA | $1.33 |
Squire Mill Town Homes | 2 Bedroom Townhomes | 2BR,2BA | $1.18 |
Spring House on the Park | 2x2 Greenhouse (shb3) | 2BR,2BA | $1.32 |
Legacy Lake Apartments | One Bedroom One Bath | 1BR,1BA | $1.28 |
The Resort | One Bedroom | 1BR,1BA | $1.11 |
Meadow Pointe Apartments | Meadow Pointe 2 bedrooms | 2BR,1BA | $0.92 |
Vines at Saddlebrook | 2 x 1 | 2BR,1BA | $1.18 |
Brandywine | 1 Bed | 1BR,1BA | $1.23 |
1040 Brandy Ln | Two Bed | 2BR,1BA | $1.25 |
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.
Frequently Asked Questions about Lancaster
What type of rentals are currently available in Lancaster?
There are currently 39 Apartments for Rent in Lancaster, KY with pricing that ranges from $650 to $4,044. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lancaster ranging from $399 to $3,800.
What is the current price range for Rental Homes in Lancaster?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lancaster ranges from $399 to $3,800 with an average monthly rent of $1,337.
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.

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.

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.

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.

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.