Cheap Apartments for Rent in Bourbon, MO from $500 (44 Rentals)

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

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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405 N Olive St
1 Bedroom Apartments

405 N Olive St

405 N Olive StRolla, MO 65401

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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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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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
  • Utilities Included
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Red Rooster Apartments
1 to 3 Bedroom Apartments

Red Rooster Apartments

7601 Blackberry LnBonne Terre, MO 63628
  • Utilities Included

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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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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Riverbend Estates III
2 Bedroom Apartments

Riverbend Estates III

1901 High StWashington, MO 63090
Senior Living
  • Utilities Included
Showing Results 1-44, 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 217 Twin Ridge Rd priced from $625. The Lodges at Rolla has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Bourbon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
217 Twin Ridge RdA Layout1BR,1BA$625
The Lodges at RollaRent By The Room Spring/Fall 20261BR,1BA$650
Pine View2beds and 1bath2BR,1BA$675
990 S Lay Ave990 South Lay1BR,1BA$710
Columbia Park ApartmentsColumbia Park - 1 Bedroom Apartment Home1BR,1BA$785
Arbor Ridge ApartmentsArbor Ridge - 1 Bedroom Apartment Home1BR,1BA$840
Osage Estates Apartments1 Bed, 1 bath1BR,1BA$850
Summit Valley ApartmentsOne Bed, One Bath1BR,1BA$855
Chapel Ridge of Union1 Bedrooms1BR,1BA$925
Bennington PlaceBldg E 2-Bed2BR,1BA$945

Best Value Apartments for Rent in Bourbon, MO and Nearby

As of April 21, 2026 the best value apartment in the Bourbon area is the $1.29 price per square foot 3 Bedroom 3 Bath Spring/Fall 2026 Pre-Lease Model at The Lodges at Rolla in the starting from $1,800. The second greatest value Bourbon apartment is the 2 Bed 2 Bath Model at Carriage Place at Lake Chesterfield starting at $1,600 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 Rolla3 Bedroom 3 Bath Spring/Fall 2026 Pre-Lease3BR,3BA$1.29
Carriage Place at Lake Chesterfield2 Bed 2 Bath2BR,2BA$1.35
Northridge IOak3BR,1.5BA$1.16
Walden Pond2A2BR,2BA$1.36
Summit Valley ApartmentsOne Bed, One Bath1BR,1BA$1.05
Pine View2beds and 1bath2BR,1BA$0.84
Autumn Leaf Apartment Homes1 bedroom downstairs1BR,1BA$1.24
Osage Estates Apartments1 Bed, 1 bath1BR,1BA$1.24
Chapel Ridge of Union1 Bedrooms1BR,1BA$1.37
217 Twin Ridge RdA Layout1BR,1BA$1.25

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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
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 $625 at 217 Twin Ridge Rd.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.