Cheap Apartments for Rent in Albany, KY from $500 (45 Rentals)

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

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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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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Mason Greene
1 to 4 Bedroom Apartments

Mason Greene

54 Stokes CtMonticello, KY 42633

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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Governors Place
2 to 3 Bedroom Apartments

Governors Place

115 Governors Place LnLivingston, TN 38570
  • Utilities Included
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Alluvian Terrace
3 to 4 Bedroom Apartments

Alluvian Terrace

255 Quinland Lake RdCookeville, TN 38506
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Silver Springs
1 to 2 Bedroom Apartments

Silver Springs

2944 Chalybeate RdSmiths Grove, KY 42171

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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Magnolia Terrace
1 Bedroom Apartments

Magnolia Terrace

222 Broad StJellico, TN 37762
Senior Living
  • Utilities Included
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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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Century Lofts
1 Bedroom Apartments

Century Lofts

113 N Main StCorbin, KY 40701

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 1-45, 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 River Glow Apartments priced from $695. Eagle Village has the second lowest priced unit, which is a Studio apartment currently listed from $800. 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 VillageStudioStudio,1BA$800
University TowersStudios1BR,1BA$800
Rolling Hills Apartment HomesThe Windrock2BR,1BA$845
Fry Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$849
Royce Hill- Income Restrictions ApplyOne Bedroom1BR,1BA$854
Magnolia Place1 Bed 1 Bath1BR,1BA$895
Cypress Creek2 Bedroom 2 Bathroom2BR,2BA$912
Arrowhead Ranch33 HUD2BR,1BA$944
The Grasslands2 Beds, 1 bath2BR,1BA$950

Best Value Apartments for Rent in Albany, KY and Nearby

As of October 31, 2025 the best value apartment in the Albany area is the $0.80 price per square foot two bed two bath Model at Eagle Creek Apartments in the starting from $1,000. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Creek Apartmentstwo bed two bath2BR,2BA$0.80
The Grasslands3 Beds, 1 bath3BR,1BA$0.95
ELEVEN503 Beds, 2 baths3BR,2BA$1.18
Green River Lake CommonsSandalwood3BR,2BA$1.07
Cypress Creek3 Bedroom 2 Bathroom3BR,2BA$0.98
Rolling Hills Apartment HomesThe Windrock2BR,1BA$0.85
New Construction--2 Bed 2 Bath2BR/2.0BA2BR,2BA$1.10
Fry Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.88
Royce Hill- Income Restrictions ApplyOne Bedroom1BR,1BA$1.14
River Glow Apartments1BR/1.0BA1BR,1BA$1.16

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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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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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

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 Cypress Creek and starts from $1,030.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.