Cheap Apartments for Rent in Albany, KY from $500 (24 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Mason Greene
1 Bedroom Apartments

Mason Greene

54 Stokes CtMonticello, KY 42633
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Governors Place
2 to 3 Bedroom Apartments

Governors Place

115 Governors Place LnLivingston, TN 38570
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-24, Page 1 of 1

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 Eagle Creek Apartments priced from $650. Cypress Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $710. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle Creek ApartmentsOne Bdr1BR,1BA$650
Cypress Creek Apartments1 Bedroom1BR,1BA$710
River Glow ApartmentsOne Bedroom / On Bath1BR,1BA$735
University TowersStudios1BR,1BA$800
Fry Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$849

Best Value Apartments for Rent in Albany, KY and Nearby

As of June 08, 2025 the best value apartment in the Albany area is the $1.25 price per square foot 2 Bedroom 2.5 Bath Model at Saxony Apartment Homes in the starting from $1,500. The second greatest value Albany apartment is the 3-Bed Model at 255 New Town Rd. starting at $1,495 with a $1.25 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.
Saxony Apartment Homes2 Bedroom 2.5 Bath2BR,2.5BA$1.25
255 New Town Rd.3-Bed3BR,1.5BA$1.25
Copper Springs by Meadows PropertiesBrookhaven2BR,2BA$1.21
The Grasslands3 Beds, 1 bath3BR,1BA$0.95
ELEVEN503 Beds, 2 baths3BR,2BA$1.18
Teller Village Apartments2 Bedroom2BR,2BA$1.23
Cypress Creek Apartments1 Bedroom1BR,1BA$1.00
Fry Estates ApartmentsOne Bedroom One Bathroom1BR,1BA$1.39
River Glow ApartmentsOne Bedroom / On Bath1BR,1BA$1.23
Eagle Creek ApartmentsOne Bdr1BR,1BA$1.40

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Best Local Schools in
Albany, KY

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Explore Albany, KY Rentals by Map

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See the most popular apartments and homes in Albany, KY

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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 $650 at Eagle Creek 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 $785 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 Cypress Creek Apartments and starts from $955.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.