Cheap Homes for Rent in Farmington, KY from $300 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in Farmington.

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.

property at 216 Roundhouse Rd

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Now

216 Roundhouse Rd

PaducahKY42001
property at 1950 Park Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 1

1950 Park Ave, Unit 1944, Unit 1944

1950 Park Ave
PaducahKY42001

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.

Farmington, KY Local Guide

Cheapest Available Farmington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Farmington, KY is a Studio unit found at Royal Ridge priced from $600. Bee Creek Crossing (Senior Apartments 55+) 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 Farmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Royal RidgeRoyal Ridge-0-1-408Studio,1BA$600
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$650
Senior Community-Franklin Place Apartments1 Bedroom1BR,1BA$675
Jackson House1 Bedroom - Jackson House1BR,1BA$781
Grove Apartments1 Bedroom1BR,1BA$825

Best Value Apartments for Rent in Farmington, KY and Nearby

As of May 19, 2026 the best value apartment in the Farmington area is the $1.06 price per square foot 2 Bedroom | 2 Bath Model at The Lory of Greenway Village in the starting from $1,325. The second greatest value Farmington apartment is the 4 Bedroom 2 Bathroom Model at PARK VILLAGE OF PARIS starting at $1,195 with a $1.03 price per square foot . Here is today’s list of the best values for Farmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Lory of Greenway Village2 Bedroom | 2 Bath2BR,2BA$1.06
PARK VILLAGE OF PARIS4 Bedroom 2 Bathroom4BR,2BA$1.03
The W on Broadway1 Bed / 1 Bath1BR,1BA$2.24
411 N 7th St, Unit 1411 N 7th St1BR,1BA$2.19
Senior Community-Franklin Place Apartments1 BDR1BR,1BA$0.84
Grove Apartments1 Bedroom1BR,1BA$1.12
Southside Square Apartments - NOW LEASINGSpecialty One Bedroom1BR,1BA$1.31
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$0.96
Jackson House1 Bedroom - Jackson House1BR,1BA$1.70
Royal RidgeRoyal Ridge-0-1-408Studio ,1BA$1.47

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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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!

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Frequently Asked Questions about Farmington

What type of rentals are currently available in Farmington?

There are currently 38 Apartments for Rent in Farmington, KY with pricing that ranges from $600 to $14,157. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Farmington ranging from $399 to $3,400.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Farmington ranges from $399 to $3,400 with an average monthly rent of $1,555.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Farmington range from $1,025 to $1,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $399 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,195.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

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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.