Cheap Homes for Rent in Lancaster, KY from $300 (10 Rentals)

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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 ApartmentsMeadow Pointe 1 BR1BR,1BA$729

Best Value Apartments for Rent in Lancaster, KY and Nearby

As of April 13, 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 Barton Model at The Metropolitan starting at $1,330 with a $1.35 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Squire Mill Town Homes2 Bedroom Townhomes2BR,2BA$1.18
The MetropolitanBarton2BR,2BA$1.35
The ResortOne Bedroom1BR,1BA$1.11
Legacy Lake ApartmentsOne Bedroom One Bath1BR,1BA$1.28
Vines at Saddlebrook2 x 12BR,1BA$1.02
The Callaway1 Bedroom Premium1BR,1BA$1.20
Brandywine1 Bed1BR,1BA$1.20
1040 Brandy LnTwo Bed2BR,1BA$1.25
Meadow Pointe ApartmentsMeadow Pointe 1 BR1BR,1BA$1.08
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$1.38

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Frequently Asked Questions about Lancaster

What type of rentals are currently available in Lancaster?

There are currently 37 Apartments for Rent in Lancaster, KY with pricing that ranges from $650 to $3,568. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lancaster ranging from $399 to $3,900.

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 $3,900 with an average monthly rent of $1,230.

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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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.

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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.