
Cheap Homes for Rent in Lancaster, MO from $500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Lancaster.


10 Eastgate Dr

7 Bob White Dr

201 W Jefferson Ave

1317 B Ave W
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

1611 Ave G

608 Avenue E

1003 S Riggen St, Unit A

610 S Sixth St, Unit A

1012 Bethel St

1319 B Ave W
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1016 York St

1201 E Harrison St

106 1st St NW

202 W Madison Ave

801 N 10th St

821 E Patterson St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Lancaster, MO 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 | $1,161 | $565 | $1,800 |
| Lancaster 3 Bedroom Homes for Rent | $1,533 | $900 | $3,700 |
| Lancaster 4 Bedroom Homes for Rent | $1,398 | $1,100 | $1,995 |
Browse Top Homes for Rent in Lancaster
Explore Lancaster
Lancaster, MO Local Guide
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Cheapest Available Lancaster Apartments for Rent and Nearby
 The cheapest available apartment rental in Lancaster, MO is a 2 Beds unit found at Foxwood Apartments in the Easton Park neighborhood priced from $600. Next Level Apartments - Easton Village in the Easton Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $653. Here is today’s list of the most affordable Lancaster apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Foxwood Apartments | B2 | 2BR,1BA | $600 |
| Next Level Apartments - Easton Village | A1 | 1BR,1BA | $653 |
| MAPLE PLACE APARTMENTS | 1 Bed 1 Bath | 1BR,1BA | $665 |
| Monroe City Senior Housing 62+ | 1 Bed 1 Bath | 1BR,1BA | $675 |
| Dennis Park Apartments | B1 | 2BR,1BA | $713 |
Best Value Apartments for Rent in Lancaster, MO and Nearby
As of December 24, 2025 the best value apartment in the Lancaster area is the $0.62 price per square foot Four Bedroom Model at Asbury Heights in the starting from $1,188. The second greatest value Lancaster apartment is the Elizabeth Model at Northern Plains by Kading starting at $985 with a $0.80 price per square foot . 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. |
|---|---|---|---|
| Asbury Heights | Four Bedroom | 4BR,2BA | $0.62 |
| Northern Plains by Kading | Elizabeth | 3BR,2BA | $0.80 |
| Sunset Terrace | 3 Beds, 2 baths | 3BR,2BA | $1.00 |
| Louden Lofts | Three Bedroom | 3BR,2BA | $0.70 |
| Linden West | 2 bed 2 bath w/out laundry | 2BR,2BA | $1.05 |
| School House Apartments | 1 Bedroom and 1 Bath | 1BR,1BA | $1.00 |
| Linden East Apartments | Two Bed | 2BR,1BA | $1.00 |
| Deer Run Apartments | B1 | 2BR,1BA | $1.01 |
| Dennis Park Apartments | B1 | 2BR,1BA | $0.89 |
| Next Level Apartments - Easton Village | A1 | 1BR,1BA | $1.00 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lancaster, MO Rentals by Map
See the most popular apartments and homes in Lancaster, MO
Frequently Asked Questions about Lancaster
What type of rentals are currently available in Lancaster?
There are currently 43 Apartments for Rent in Lancaster, MO with pricing that ranges from $340 to $6,000. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lancaster ranging from $565 to $5,000.
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 $565 to $5,000 with an average monthly rent of $1,768.
How much are larger Three and Four Bedroom Rentals in Lancaster?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lancaster range from $340 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,700. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,188.
Expert Rental Resources
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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
