Cheap Apartments for Rent in Frankfort, KY from $500 (31 Rentals)

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

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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Emily Apartments
1 to 2 Bedroom Apartments

Emily Apartments

325 Brighton Park BlvdFrankfort, KY 40601
Senior Living
  • Utilities Included

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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Fieldstone Apartments
Studio to 2 Bedroom Apartments

Fieldstone Apartments

980 Leawood SqFrankfort, KY 40601
  • 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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Showing Results 1-31, Page 1 of 1

Frankfort, KY Local Guide

Cheapest Available Frankfort Apartments for Rent

 

The cheapest available apartment rental in Frankfort, KY is a Studio unit found at Riverview Apartments priced from $670. 903 Crosshill Dr has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsStudioStudio,1BA$670
903 Crosshill DrOne Bedroom1BR,1BA$695
216 Briar Cliff St1 Bedroom1BR,1BA$700
The Rickhouse1 Bed, 1 bath1BR,1BA$725
Country HillsTwo Bedroom One Bath2BR,1BA$815
Juniper Hills ApartmentsStudioStudio,1BA$845
Huntley Ridge East at Hanley Ln.1 Bedroom1BR,1BA$875
Huntley Ridge East at Georgetown Rd1 BR Garden - Georgetown Road1BR,1BA$875
Huntley Ridge East at Forest HillOne Bedroom1BR,1BA$875
901 Crosshill Dr1 Bed 1 Bath1BR,1BA$925

Best Value Apartments for Rent in Frankfort, KY

As of July 28, 2026 the best value apartment in the Frankfort area is the $0.71 price per square foot 613 Ridgeview Dr Model at 613 Ridgeview Dr, Unit 613 in the starting from $925. The second greatest value Frankfort apartment is the Two Bedroom One Bath Model at Country Hills starting at $815 with a $0.88 price per square foot . Here is today’s list of the best values for Frankfort apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
613 Ridgeview Dr, Unit 613613 Ridgeview Dr2BR,1.5BA$0.71
Country HillsTwo Bedroom One Bath2BR,1BA$0.88
Riverford Crossing ApartmentsStansbury Flat2BR,2BA$1.45
218 Holmes St, Unit 218 B218 Holmes St2BR,1BA$1.17
Huntley Ridge East at Hanley Ln.1 Bedroom1BR,1BA$1.17
Huntley Ridge East at Forest HillOne Bedroom1BR,1BA$1.17
Huntley Ridge East at Georgetown Rd1 BR Garden - Georgetown Road1BR,1BA$1.34
The Rickhouse1 Bed, 1 bath1BR,1BA$1.21
903 Crosshill DrOne Bedroom1BR,1BA$1.16
216 Briar Cliff St1 Bedroom1BR,1BA$1.17

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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Frankfort, KY

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Frankfort, KY Area Reviews

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Val • 3+ years in Frankfort

February 25, 2025

Very 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 $670.

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

The lowest price for a Cheap One Bedroom Frankfort Apartment is $695 at 903 Crosshill Dr.

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 $815 at Country Hills.

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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.