
Cheap Apartments for Rent in Albany, KY from $500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Albany.


Eagle Creek Apartments

Ashton Place Apartments

River Glow Apartments
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.

WILLOW PARK APARTMENTS

Rolling Hills Apartment Homes

Fry Estates Apartments

Hillview Terrace Apartments

Royce Hill- Income Restrictions Apply

Willow Run Apartments

Saxony Apartment Homes

Magnolia Place

Copper Springs by Meadows Properties
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.

315 Pippin Rd

1325 Virginia Ave

230 New Oak Rd

1425 N Willow Ave

5340 Beechwood Dr
The 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.
Albany, KY Local Guide

How much does it cost to rent an apartment in Albany?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albany Studio Apartments | $1,051 | $925 | $1,175 |
Albany 1 Bedroom Apartments | $1,230 | $700 | $2,445 |
Albany 2 Bedroom Apartments | $1,288 | $785 | $1,862 |
Albany 3 Bedroom Apartments | $1,433 | $1,000 | $2,252 |
Browse Top Apartments in Albany
See all Apartments in AlbanyExplore Albany
Albany, KY Local Guide
- Nearby Cities
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Cheapest Available Albany Apartments for Rent and Nearby
 The cheapest available apartment rental in Albany, KY is a 2 Beds unit found at Royal Oaks priced from $511. River Glow Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here is today’s list of the most affordable Albany apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Royal Oaks | 2bdr | 2BR,1BA | $511 |
River Glow Apartments | One Bedroom / On Bath | 1BR,1BA | $735 |
Cypress Creek | 1 Bedroom 1 Bathroom | 1BR,1BA | $763 |
Eagle Village | Studio | Studio,1BA | $800 |
University Towers | Studios | 1BR,1BA | $800 |
Best Value Apartments for Rent in Albany, KY and Nearby
As of September 08, 2025 the best value apartment in the Albany area is the $0.80 price per square foot 2 Beds, 2 baths Model at Green River Lake Commons in the starting from $949. The second greatest value Albany apartment is the 3 Beds, 1 bath Model at The Grasslands starting at $1,050 with a $0.95 price per square foot . Here is today’s list of the best values for Albany apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Green River Lake Commons | 2 Beds, 2 baths | 2BR,2BA | $0.80 |
The Grasslands | 3 Beds, 1 bath | 3BR,1BA | $0.95 |
Fry Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $0.88 |
Teller Village Apartments | 2 Bedroom | 2BR,2BA | $1.23 |
Stonehenge | Two Bedroom One Bath | 2BR,1BA | $1.13 |
Royce Hill- Income Restrictions Apply | One Bedroom | 1BR,1BA | $1.14 |
Hillview Terrace Apartments | 1-bedroom | 1BR,1BA | $1.13 |
Royal Oaks | 2bdr | 2BR,1BA | $0.68 |
Cypress Creek | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.07 |
River Glow Apartments | One Bedroom / On Bath | 1BR,1BA | $1.23 |
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Best Local Schools in Albany, KY
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Albany, KY Rentals by Map
See the most popular apartments and homes in Albany, KY
Getting Around Albany, KY
Walk Score®
21 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
20 / 100
Somewhat Bikeable
Minimal bike infrastructure
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 Albany Apartments
How much is rent for a Cheap One Bedroom Albany Apartment?
The lowest price for a Cheap One Bedroom Albany Apartment is $735 at River Glow Apartments.
What is the lowest price for a Cheap Two Bedroom Albany Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Albany is starting from $511 at Royal Oaks.
What is the most affordable Albany Three Bedroom Apartment?
The best deal on a cheap Albany Three Bedroom Apartment rental is at The Grasslands and starts from $1,050.
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 Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.