Cheap Apartments for Rent near Albany, KY from $600 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in Albany.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Governors Place
2 to 3 Bedroom Apartments

Governors Place

115 Governors Place LnLivingston, TN 38570
  • Utilities Included
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University Towers
1 Bedroom Apartments

University Towers

1218 Byrne AveCookeville, TN 38501
  • Utilities Included
property at 1319 Autumn Ave

$800 - $1,500

1 To 3 Bedroom Rentals

Available Now

1319 Autumn Ave

CookevilleTN38501
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Alluvian Terrace
3 to 4 Bedroom Apartments

Alluvian Terrace

255 Quinland Lake RdCookeville, TN 38506

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Century Lofts
1 Bedroom Apartments

Century Lofts

113 N Main StCorbin, KY 40701
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Magnolia Terrace
1 Bedroom Apartments

Magnolia Terrace

222 Broad StJellico, TN 37762
Senior Living
  • Utilities Included
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230 Denton Ave
2 Bedroom Apartments

230 Denton Ave

230 Denton AveCookeville, TN 38501
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508 E Broad St
1 Bedroom Apartments

508 E Broad St

508 E Broad StCookeville, TN 38501
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1816 Stargazer Dr
2 Bedroom Apartments

1816 Stargazer Dr

1816 Stargazer DrCookeville, TN 38501

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.

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Showing Results 1-50, Page 1 of 2

Albany, KY Local Guide

Cheapest Available Albany Apartments for Rent and Nearby

 

The cheapest available apartment rental in Albany, KY is a 1 Bed unit found at River Glow Apartments priced from $695. Eagle Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River Glow Apartments1BR/1.0BA1BR,1BA$695
Eagle Creek Apartmentsone bdr with balcony1BR,1BA$700
Betty Jane Apartments1 Bed, 1 bath1BR,1BA$700
Cypress Creek1 Bedroom 1 Bathroom1BR,1BA$773
Ashton Place Apartments1 BR1BR,1BA$780
Eagle VillageStudioStudio,1BA$800
The Grasslands2 Beds, 1 bath2BR,1BA$850
StonehengeOne Bed One Bath Standard1BR,1BA$850
Magnolia Place1 Bed 1 Bath1BR,1BA$895
Saxony Apartment Homes1BR/1BA w/d1BR,1BA$921

Best Value Apartments for Rent in Albany, KY and Nearby

As of July 29, 2026 the best value apartment in the Albany area is the $1.15 price per square foot Springfield II Model at Copper Springs by Meadows Properties in the starting from $1,725. The second greatest value Albany apartment is the The Dream Model at Green River Lake Commons starting at $1,144 with a $0.94 price per square foot . Here is today’s list of the best values for Albany apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Copper Springs by Meadows PropertiesSpringfield II3BR,2.5BA$1.15
Green River Lake CommonsThe Dream3BR,2BA$0.94
The Grasslands3 Beds, 1 bath3BR,1BA$0.86
70 E 18th St2 Bedroom2BR,1.5BA$1.10
The Vue at Church Street2X12BR,1BA$1.09
Arrowhead RanchRHP2BR,2BA$1.14
Fry Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.04
Ashton Place Apartments1 BR1BR,1BA$0.93
Cypress Creek1 Bedroom 1 Bathroom1BR,1BA$1.09
River Glow Apartments1BR/1.0BA1BR,1BA$1.16

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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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

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See the most popular apartments and homes in Albany, KY

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Frequently Asked Questions about Cheap Albany Apartments

What is the Cheapest Studio apartment in Albany?

Currently the most affordable Cheap Studio Apartment in Albany is at Eagle Village listed at $800.

How much is rent for a Cheap One Bedroom Albany Apartment?

The lowest price for a Cheap One Bedroom Albany Apartment is $695 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 $745 at River Glow Apartments.

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 $950.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.