
Cheap Apartments for Rent in Prospect, KY from $600 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect.


Chamberlain Oaks

Beech Grove Apartments

The Woods Apartments
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.

Rolling Hills

Countrybrook Apartments

TJM - The Jeff On 10th

Stonebridge Apartments

Westport Woods

Crowne at the Summit
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.

Autumn Ridge Apartments

Springhurst East Apartments

The Louis Apartment Flats

Maple Brook Apartments
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.

Stonewater Apartments

Ashton Brook

Lakeside Gardens

The Laurel Apartments

The Flats of River Ridge

1116 Herr Ln
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer
Prospect, KY Local Guide

How much does it cost to rent an apartment in Prospect?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Prospect Studio Apartments | $1,251 | $859 | $1,586 |
Prospect 1 Bedroom Apartments | $1,373 | $810 | $2,692 |
Prospect 2 Bedroom Apartments | $1,661 | $930 | $3,033 |
Prospect 3 Bedroom Apartments | $2,446 | $1,200 | $4,215 |
Browse Top Apartments in Prospect
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Prospect, KY Local Guide
- Prospect Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Prospect Apartments for Rent
 The cheapest available apartment rental in Prospect, KY is a 1 Bed unit found at Chamberlain Oaks in the Langdon Place neighborhood priced from $810. Hidden Creek in the Oak Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Prospect apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Chamberlain Oaks | One Bedroom | 1BR,1BA | $810 |
Hidden Creek | One Bed One Bath 850 | 1BR,1BA | $875 |
Rolling Hills | The Splendor | 1BR,1BA | $897 |
The Woods Apartments | 1 BD 1 BA | 1BR,1BA | $899 |
Springhurst East Apartments | 1 Bedroom Gold | 1BR,1BA | $955 |
Best Value Apartments for Rent in Prospect, KY
As of May 16, 2025 the best value apartment in the Prospect area is the $1.24 price per square foot 3 Regency Renovated Model at Crowne at the Summit in the in the Harrods Creek neighborhood starting from $1,756. The second greatest value Prospect apartment is the The Majestic Model at Rolling Hills starting at $1,381 with a $1.11 price per square foot in the Harrods Creek neighborhood. Here is today’s list of the best values for Prospect apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Crowne at the Summit | 3 Regency Renovated | 3BR,2BA | $1.24 |
Rolling Hills | The Majestic | 2BR,1.5BA | $1.11 |
Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
The Legends Apartments | B | 2BR,2BA | $1.31 |
Stonewater Apartments | B3 | 2BR,2BA | $1.20 |
Wolf Run Park | 2Bedroom/2Bathroom 986 sqft | 2BR,2BA | $1.05 |
Hidden Creek | One Bed One Bath 850 | 1BR,1BA | $1.03 |
Stonebridge Apartments | First Floor 1Bed/1Bath | 1BR,1BA | $1.26 |
The Woods Apartments | Deluxe 1st/2nd Floor | 1BR,1BA | $1.28 |
Chamberlain Oaks | One Bedroom | 1BR,1BA | $1.15 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleProspect, KY
Ranked #67
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prospect, KY Rentals by Map
See the most popular apartments and homes in Prospect, KY
Getting Around Prospect, KY
Walk Score®
49 / 100
Car-Dependent
Most errands require a car
Bike Score®
38 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
10 / 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 Prospect Apartments
What is the Cheapest Studio apartment in Prospect?
Currently the most affordable Cheap Studio Apartment in Prospect is at The Flats at Springhurst Apartments of Lou... listed at $1,249.
How much is rent for a Cheap One Bedroom Prospect Apartment?
The lowest price for a Cheap One Bedroom Prospect Apartment is $810 at Chamberlain Oaks.
What is the lowest price for a Cheap Two Bedroom Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $930 at Chamberlain Oaks.
What is the most affordable Prospect Three Bedroom Apartment?
The best deal on a cheap Prospect Three Bedroom Apartment rental is at Chamberlain Oaks and starts from $1,200.
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.

The 10 Best Affordable Neighborhoods for Renting in Louisville, KY
Written by: Mike Heuer
Louisville, Kentucky, founded in 1778, has grown to be the largest city in Kentucky and is a terrific city situated right along the south bank of the Ohio River.

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.