
Cheap Homes for Rent in Albany, KY from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Albany.


1325 Virginia Ave

230 New Oak Rd

5340 Beechwood Dr

50 Driftwood Cir
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.

71 Driftwood Cir

33 Driftwood Cir

19 Driftwood Cir

7758 Celina Rd

24 Jade Ct
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.

51 Lee's Ford Dock Rd
Albany, KY Local Guide

How much does it cost to rent a home in Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albany 2 Bedroom Homes for Rent | $1,099 | $900 | $1,999 |
| Albany 3 Bedroom Homes for Rent | $1,650 | $1,000 | $2,099 |
| Albany 4 Bedroom Homes for Rent | $2,324 | $1,849 | $2,975 |
Browse Top Homes for Rent in Albany
Explore Albany
Albany, KY Local Guide
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Cheapest Available Albany Apartments for Rent and Nearby
 The cheapest available apartment rental in Albany, KY is a Studio unit found at Stonehenge priced from $680. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stonehenge | Studio One Bath Standard | Studio,1BA | $680 |
| Eagle Creek Apartments | one bdr with balcony | 1BR,1BA | $700 |
| Betty Jane Apartments | 1 Bed, 1 bath | 1BR,1BA | $700 |
| River Glow Apartments | River Glow - 2/1 - Second Floor | 2BR,1BA | $745 |
| Ashton Place Apartments | 1 BR | 1BR,1BA | $780 |
Best Value Apartments for Rent in Albany, KY and Nearby
As of May 31, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Green River Lake Commons | The Dream | 3BR,2BA | $0.94 |
| The Grasslands | 3 Beds, 1 bath | 3BR,1BA | $0.86 |
| Waters Edge Apartment Homes | Two Bedroom | 2BR,1BA | $1.11 |
| Cypress Creek | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.02 |
| 70 E 18th St | 2 Bedroom | 2BR,1.5BA | $1.10 |
| New Construction--2 Bed 2 Bath | 2BR/2.0BA | 2BR,2BA | $1.10 |
| Coal Creek Apartment Homes | 2 bedroom | 2BR,1.5BA | $1.05 |
| Rolling Hills Apartment Homes | The Cumberland | 2BR,1BA | $0.98 |
| Ashton Place Apartments | 1 BR | 1BR,1BA | $0.93 |
| River Glow Apartments | River Glow - 2/1 - Second Floor | 2BR,1BA | $0.93 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Albany, KY
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Albany, KY
Frequently Asked Questions about Albany
What type of rentals are currently available in Albany?
There are currently 69 Apartments for Rent in Albany, KY with pricing that ranges from $680 to $2,595. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $650 to $2,975.
What is the current price range for Rental Homes in Albany?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Albany ranges from $650 to $2,975 with an average monthly rent of $1,304.
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

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.