Cheap Apartments for Rent in Albany, KY from $600 (39 Rentals)

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

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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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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Governors Place
2 to 3 Bedroom Apartments

Governors Place

115 Governors Place LnLivingston, TN 38570
  • Utilities Included
property at 1319 Autumn Ave

$800 - $1,500

1 To 3 Bedroom Rentals

Available Jun 19

1319 Autumn Ave

CookevilleTN38501

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Alluvian Terrace
3 to 4 Bedroom Apartments

Alluvian Terrace

255 Quinland Lake RdCookeville, TN 38506
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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

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.

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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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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 Betty Jane Apartments priced from $700. River Glow Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $745. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Betty Jane Apartments1 Bed, 1 bath1BR,1BA$700
River Glow ApartmentsRiver Glow - 2/1 - Second Floor2BR,1BA$745
Ashton Place Apartments1 BR1BR,1BA$780
Eagle VillageStudioStudio,1BA$800
University TowersStudios1BR,1BA$800
The Vue at Church Street1X11BR,1BA$850
The Grasslands2 Beds, 1 bath2BR,1BA$850
Coal Creek Apartment Homes1 bedroom1BR,1BA$850
Magnolia Place1 Bed 1 Bath1BR,1BA$895
Century LoftsOne Bed1BR,1BA$900

Best Value Apartments for Rent in Albany, KY and Nearby

As of June 14, 2026 the best value apartment in the Albany area is the $0.94 price per square foot The Dream Model at Green River Lake Commons in the starting from $1,144. The second greatest value Albany apartment is the 3 Beds, 1 bath Model at The Grasslands starting at $950 with a $0.86 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.
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
New Construction--2 Bed 2 Bath2BR/2.0BA2BR,2BA$1.10
Fry Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.06
Arrowhead RanchRHP2BR,2BA$1.14
Ashton Place Apartments1 BR1BR,1BA$0.93
River Glow ApartmentsRiver Glow - 2/1 - Second Floor2BR,1BA$0.93
22 E 18th St2 Bedroom2BR,2BA$1.16
The Vue at Church Street1X11BR,1BA$1.14

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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Albany, KY

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $700 at Betty Jane 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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.