Cheap Apartments for Rent near Bourbon, MO from $500 (41 Rentals)

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

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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405 N Olive St
1 Bedroom Apartments

405 N Olive St

405 N Olive StRolla, MO 65401
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Woodridge Manor Apartments
Studio to 2 Bedroom Apartments

Woodridge Manor Apartments

2404 Williams Creek RdHigh Ridge, MO 63049
Corporate Housing
  • Utilities Included
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217 Twin Ridge Rd
1 to 3 Bedroom Apartments

217 Twin Ridge Rd

217 Twin Ridge RdLinn, MO 65051
Student Housing

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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Verda Vista Apartments
Studio to 2 Bedroom Apartments

Verda Vista Apartments

5264-5312 Hwy 21Imperial, MO 63052
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Pevely Pointe
1 to 3 Bedroom Apartments

Pevely Pointe

1001 Pevely Pointe DrPevely, MO 63070
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Red Rooster Apartments
1 to 3 Bedroom Apartments

Red Rooster Apartments

7601 Blackberry LnBonne Terre, MO 63628
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Crimson Landing
1 to 3 Bedroom Apartments

Crimson Landing

4826 Red RoosterFarmington, MO 63640

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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Twin City Villa
1 to 2 Bedroom Apartments

Twin City Villa

124 Twin City DrFestus, MO 63028
Senior Living
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Riverbend Estates III
2 Bedroom Apartments

Riverbend Estates III

1901 High StWashington, MO 63090
Senior Living
  • Utilities Included

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 1-41, Page 1 of 1

Bourbon, MO Local Guide

Cheapest Available Bourbon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Bourbon, MO is a 1 Bed unit found at The Lodges at Rolla priced from $650. Pine View has the second lowest priced unit, which is a 2 Beds apartment currently listed from $675. Here is today’s list of the most affordable Bourbon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Lodges at RollaRent By The Room Spring/Fall 20261BR,1BA$650
Pine View2beds and 1bath2BR,1BA$675
Columbia Park ApartmentsColumbia Park - 1 Bedroom Apartment Home1BR,1BA$795
Osage Estates Apartments1 Bed, 1 bath1BR,1BA$850
Summit Valley ApartmentsOne Bed, One Bath1BR,1BA$855
Park Place Senior Apartments2x12BR,1BA$880
Chapel Ridge of Union1 Bedrooms1BR,1BA$950
Autumn Leaf Apartment Homes1 Bedroom Upstairs1BR,1BA$950
Rolla Senior ApartmentsOne-Bedroom1BR,1BA$958
Vista on the Park1011BR,1BA$1,095

Best Value Apartments for Rent in Bourbon, MO and Nearby

As of July 22, 2026 the best value apartment in the Bourbon area is the $0.46 price per square foot Rent By The Room Spring/Fall 2026 Model at The Lodges at Rolla in the starting from $650. The second greatest value Bourbon apartment is the 2 Bed 2 Bath - Washer/Dryer Model at Carriage Place at Lake Chesterfield starting at $1,650 with a $1.35 price per square foot in the Enclaves at Cherry Hills neighborhood. Here is today’s list of the best values for Bourbon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Lodges at RollaRent By The Room Spring/Fall 20261BR,1BA$0.46
Carriage Place at Lake Chesterfield2 Bed 2 Bath - Washer/Dryer2BR,2BA$1.35
Northridge IMaple3BR,1.5BA$1.12
Southernside ApartmentsTwo Bedroom2BR,2BA$1.21
Vance Station2 Bedroom2BR,2BA$1.37
Park Place Senior Apartments2x12BR,1BA$1.03
Summit Valley ApartmentsOne Bed, One Bath1BR,1BA$1.05
Pine View2beds and 1bath2BR,1BA$0.84
Autumn Leaf Apartment Homes1 Bedroom Upstairs1BR,1BA$1.24
Osage Estates Apartments1 Bed, 1 bath1BR,1BA$1.24

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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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
Bourbon, MO

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

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Frequently Asked Questions about Cheap Bourbon Apartments

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

The lowest price for a Cheap One Bedroom Bourbon Apartment is $650 at The Lodges at Rolla.

What is the lowest price for a Cheap Two Bedroom Bourbon Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Bourbon is starting from $675 at Pine View.

What is the most affordable Bourbon Three Bedroom Apartment?

The best deal on a cheap Bourbon Three Bedroom Apartment rental is at Northridge I and starts from $1,250.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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

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.