
Cheap Homes for Rent in Prospect, KY from $1,100 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect.


3103 Lighthouse Dr

9612 Westport Rd

10700 US-42
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 | $2,109 | $1,220 | $3,200 |
Prospect 3 Bedroom Homes for Rent | $2,657 | $1,840 | $5,000 |
Prospect 4 Bedroom Homes for Rent | $2,665 | $1,800 | $5,000 |
Prospect 5 Bedroom Homes for Rent | $5,900 | $5,900 | $5,900 |
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Prospect, KY Local Guide
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Best Value Apartments for Rent in Prospect, KY
As of April 16, 2025 the best value apartment in the Prospect area is the $1.24 price per square foot B5R Model at Stonewater Apartments in the in the Outer East End neighborhood starting from $1,535. The second greatest value Prospect apartment is the 2 Executive Renovated Model at Crowne at the Summit starting at $1,549 with a $1.28 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. |
---|---|---|---|
Stonewater Apartments | B5R | 2BR,2.5BA | $1.24 |
Crowne at the Summit | 2 Executive Renovated | 2BR,2BA | $1.28 |
The Legends Apartments | B2 | 2BR,2BA | $1.27 |
Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
Rolling Hills | The Splendor | 1BR,1BA | $1.08 |
Wolf Run Park | 2Bedroom/2Bathroom 986 sqft | 2BR,2BA | $1.05 |
Hidden Creek | Two Bed One Bath 950 | 2BR,1BA | $1.09 |
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 |
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Frequently Asked Questions about Prospect
What type of rentals are currently available in Prospect?
There are currently 46 Apartments for Rent in Prospect, KY with pricing that ranges from $769 to $10,337. There are also 32 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 $2,956.
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
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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.

Know Your Rights - How Discrimination Laws Impact Landlords & Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
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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.