
Cheap Apartments for Rent in Frankfort, KY from $500 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in Frankfort.


Riverview Apartments
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.

Juniper Hills Apartments
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.

610 N Lime St
Frankfort, KY Local Guide

How much does it cost to rent an apartment in Frankfort?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Frankfort Studio Apartments | $779 | $621 | $925 |
Cheap Frankfort 1 Bedroom Apartments | $1,052 | $585 | $2,752 |
Cheap Frankfort 2 Bedroom Apartments | $1,037 | $585 | $1,832 |
Cheap Frankfort 3 Bedroom Apartments | $1,378 | $1,078 | $1,686 |
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Frankfort, KY Local Guide
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Cheapest Available Frankfort Apartments for Rent
 The cheapest available apartment rental in Frankfort, KY is a Studio unit found at Riverview Apartments priced from $621. Juniper Hills Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Frankfort apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Riverview Apartments | Studio | Studio,1BA | $621 |
Juniper Hills Apartments | Studio | Studio,1BA | $650 |
Huntley Ridge East at Georgetown Rd | 1 BR Loft (Georgetown Road) | Studio,1BA | $875 |
Best Value Apartments for Rent in Frankfort, KY
As of July 30, 2025 the best value apartment in the Frankfort area is the $1.92 price per square foot Bentley Flat II Model at Riverford Crossing Apartments in the starting from $1,557. The second greatest value Frankfort apartment is the Two Bedroom Model at Prince Hall Village - Renovated 2020 starting at $1,106 with a $1.41 price per square foot . Here is today’s list of the best values for Frankfort apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Riverford Crossing Apartments | Bentley Flat II | 1BR,1BA | $1.92 |
Prince Hall Village - Renovated 2020 | Two Bedroom | 2BR,1BA | $1.41 |
Country Hills | Two Bedroom One Bath Small | 2BR,1BA | $1.27 |
Huntley Ridge East at Georgetown Rd | 1 BR Loft (Georgetown Road) | Studio ,1BA | $1.38 |
Juniper Hills Apartments | Studio | Studio ,1BA | $1.63 |
Riverview Apartments | Studio | Studio ,1BA | $2.48 |
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Best Local Schools in Frankfort, KY
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Getting Around Frankfort, KY
Walk Score®
38 / 100
Car-Dependent
Most errands require a car
Bike Score®
25 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frankfort, KY Area Reviews
Val • 3+ years in Frankfort
February 25, 2025Very boring place to live Frankfort is the worst Capital to live in
Frequently Asked Questions about Cheap Frankfort Apartments
What is the Cheapest Studio apartment in Frankfort?
Currently the most affordable Cheap Studio Apartment in Frankfort is at Riverview Apartments listed at $621.
How much is rent for a Cheap One Bedroom Frankfort Apartment?
The lowest price for a Cheap One Bedroom Frankfort Apartment is $685 at Riverview Apartments.
What is the lowest price for a Cheap Two Bedroom Frankfort Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Frankfort is starting from $885 at Huntley Ridge East at Georgetown Rd.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.