Cheap Apartments for Rent near Clay, KY from $500 (69 Rentals)

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

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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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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Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

280 Shamrock CtEvansville, IN 47715
  • Utilities Included
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Fairmont Apartments
Studio to 2 Bedroom Apartments

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
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Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included

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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The Rathbone Apartments
Studio to 2 Bedroom Apartments

The Rathbone Apartments

1320 SE 2nd StEvansville, IN 47713
Corporate Housing
  • Utilities Included
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • 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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Clay, KY Local Guide

Cheapest Available Clay Apartments for Rent and Nearby

 

The cheapest available apartment rental in Clay, KY is a 1 Bed unit found at 1210 Char Lee Dr in the Howell neighborhood priced from $500. Willow Run has the second lowest priced unit, which is a 1 Bed apartment currently listed from $515. Here is today’s list of the most affordable Clay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1210 Char Lee Dr1bed1bath1BR, 1BA$500
Willow RunThe Hampton1BR, 1BA$515
Anchor Court Apartments1BR/1.0BA1BR, 1BA$625
Embassy Apartments0.1Studio, 1BA$660
Graystone Henderson1 Bedroom1BR, 1BA$675
Senior Community-Franklin Place Apartments1 Bedroom1BR, 1BA$675
Addison PlaceWindsor1BR, 1BA$699
Heathmoore - Evansville1 Bed 1 Bath1BR, 1BA$715
Lakewood Flats and TownhomesThe Dogwood1BR, 1BA$745
Marketplace Commons Apartments1 Bedroom1BR, 1BA$745

Best Value Apartments for Rent in Clay, KY and Nearby

As of September 19, 2026 the best value apartment in the Clay area is the $1.12 price per square foot 3 Bedroom Townhome Model at Northbend Townhomes in the Lincoln-Bellemeade neighborhood starting from $1,187. The second greatest value Clay apartment is the 2 Bed Duplex Model at Cottonwood starting at $1,100 with a $1.05 price per square foot. Here is today’s list of the best values for Clay apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Northbend Townhomes3 Bedroom Townhome3BR, 1.5BA$1.12
Cottonwood2 Bed Duplex2BR, 1.5BA$1.05
Owen BlockOwen Block - 1 Bedroom 1 Bathroom1BR, 1BA$1.08
Willow RunThe Sterling2BR, 1BA$0.92
Addison PlaceSt Charles2BR, 1BA$1.15
Senior Community-Franklin Place Apartments1 BDR1BR, 1BA$0.84
Parkside Apartments2 Bedroom2BR, 1BA$1.03
Marketplace Commons Apartments1 Bedroom1BR, 1BA$0.94
1210 Char Lee Dr1bed1bath1BR, 1BA$0.67
Lakewood Flats and TownhomesThe Dogwood1BR, 1BA$1.15

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Quick Rent Budget Calculator

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

Explore Clay, KY Rentals by Map

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See the most popular apartments and homes in Clay, KY

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Frequently Asked Questions about Cheap Clay Apartments

What is the Cheapest Studio apartment in Clay?

Currently the most affordable Cheap Studio Apartment in Clay is at Embassy Apartments listed at $660.

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

The lowest price for a Cheap One Bedroom Clay Apartment is $500 at 1210 Char Lee Dr.

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

Today's best deal for a Cheap Two Bedroom Apartment in Clay is starting from $700 at 1210 Char Lee Dr.

What is the most affordable Clay Three Bedroom Apartment?

The best deal on a cheap Clay Three Bedroom Apartment rental is at Marketplace Commons Apartments and starts from $1,032.

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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.