Cheap Homes for Rent near Drakesboro, KY from $500 (11 Rentals)

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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.

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.

Drakesboro, KY Local Guide

Cheapest Available Drakesboro Apartments for Rent and Nearby

 

The cheapest available apartment rental in Drakesboro, KY is a 1 Bed unit found at Willow Run priced from $515. 225 Clara Drive has the second lowest priced unit, which is a 2 Beds apartment currently listed from $625. Here is today’s list of the most affordable Drakesboro apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow RunThe Hampton1BR,1BA$515
225 Clara Drive*2/12BR,1BA$625
Muse Bowling Green4BR/2.5BA - Vaughn4BR,2BA$637
Western GreenOne Bedroom1BR,1BA$685
PENNYRILE SENIOR APARTMENTS1 Bedroom 1 Bathroom1BR,1BA$699

Best Value Apartments for Rent in Drakesboro, KY and Nearby

As of August 24, 2026 the best value apartment in the Drakesboro area is the $0.95 price per square foot 3 Bedroom 2 Bath Model at Royal Arms of Owensboro in the starting from $1,330. The second greatest value Drakesboro apartment is the 2 Bedroom Model at Summerland Townhomes starting at $1,395 with a $1.00 price per square foot . Here is today’s list of the best values for Drakesboro apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$0.95
Summerland Townhomes2 Bedroom2BR,2.5BA$1.00
The Ridge at Walnut ValleyThe Walnut2BR,2BA$0.98
Cottonwood2 Bed Duplex2BR,1.5BA$1.05
Morris Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.88
Cameron Park Apartments2 Beds, 1 bath2BR,1BA$0.97
Willow RunThe Sterling2BR,1BA$0.92
Walnut Creek ApartmentsWalnut Creek - 1/1 - 2nd floor1BR,1BA$1.07
Marketplace Commons Apartments1 Bedroom1BR,1BA$0.94
225 Clara Drive*1/11BR,1BA$1.09

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

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Frequently Asked Questions about Drakesboro

What type of rentals are currently available in Drakesboro?

There are currently 49 Apartments for Rent in Drakesboro, KY with pricing that ranges from $475 to $1,720. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drakesboro ranging from $500 to $2,500.

What is the current price range for Rental Homes in Drakesboro?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Drakesboro ranges from $500 to $2,500 with an average monthly rent of $1,393.

How much are larger Three and Four Bedroom Rentals in Drakesboro?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Drakesboro range from $625 to $1,720, while Three Bedroom Homes, Condos, and Townhomes for rent range from $500 to $2,495. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $475.

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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.