
Cheap Homes for Rent in Prospect, KY from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect.


3103 Lighthouse Dr

9612 Westport Rd

6709 Gunston Ln

6713 Gunston Ln, Unit 6713A Gunston Lane

10700 US-42

403 Parker Pl

811 Laurel Dr
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 a home in Prospect?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Prospect 2 Bedroom Homes for Rent | $1,886 | $1,220 | $3,200 |
Prospect 3 Bedroom Homes for Rent | $2,437 | $1,695 | $5,000 |
Prospect 4 Bedroom Homes for Rent | $3,166 | $2,000 | $5,000 |
Prospect 5 Bedroom Homes for Rent | $3,881 | $2,245 | $5,900 |
Browse Top Homes for Rent in Prospect
Explore Prospect
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 Beech Grove Apartments in the Oak Park neighborhood priced from $795. Chamberlain Oaks in the Langdon Place neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here is today’s list of the most affordable Prospect apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Beech Grove Apartments | The Beech | 1BR,1BA | $795 |
Chamberlain Oaks | One Bedroom | 1BR,1BA | $810 |
Rolling Hills | The Majestic | 2BR,1BA | $873 |
Best Value Apartments for Rent in Prospect, KY
As of March 22, 2025 the best value apartment in the Prospect area is the $0.99 price per square foot The Grand Model at Rolling Hills in the in the Harrods Creek neighborhood starting from $1,526. The second greatest value Prospect apartment is the B5R Model at Stonewater Apartments starting at $1,535 with a $1.24 price per square foot in the Outer East End 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. |
---|---|---|---|
Rolling Hills | The Grand | 3BR,2BA | $0.99 |
Stonewater Apartments | B5R | 2BR,2.5BA | $1.24 |
Aspenwood Apartments | The Barkley | 2BR,2BA | $1.21 |
Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
Hidden Creek | Two Bed One Bath 1050 | 2BR,1BA | $0.93 |
Wolf Run Park | 2Bedroom/2Bathroom 986 sqft | 2BR,2BA | $1.05 |
Springhurst East Apartments | 2 Bedroom Gold Premium | 2BR,1BA | $1.14 |
Stonebridge Apartments | First Floor 1Bed/1Bath | 1BR,1BA | $1.26 |
Chamberlain Oaks | One Bedroom | 1BR,1BA | $1.15 |
The Woods Apartments | 1st/2nd Floor Front | 1BR,1BA | $1.30 |
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 Prospect
What type of rentals are currently available in Prospect?
There are currently 47 Apartments for Rent in Prospect, KY with pricing that ranges from $729 to $5,525. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect ranging from $1,150 to $5,900.
What is the current price range for Rental Homes in Prospect?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect ranges from $1,150 to $5,900 with an average monthly rent of $2,504.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.