
Cheap Apartments for Rent in Frankfort, KY from $500 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in Frankfort.


Juniper Hills Apartments

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.

434 Harrodswood Rd
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.

Cottages of Frankfort - SENIOR Community
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 | $808 | $650 | $925 |
Cheap Frankfort 1 Bedroom Apartments | $1,092 | $585 | $2,787 |
Cheap Frankfort 2 Bedroom Apartments | $1,518 | $585 | $2,807 |
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 Juniper Hills Apartments priced from $650. Riverview Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $689. Here is today’s list of the most affordable Frankfort apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Juniper Hills Apartments | Studio | Studio,1BA | $650 |
Riverview Apartments | One Bedroom One Bath | 1BR,1BA | $689 |
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 01, 2025 the best value apartment in the Frankfort area is the $1.03 price per square foot 2 Bed, 1.5 Bath TH 1055SqFt Model at FarmStead in the starting from $1,090. The second greatest value Frankfort apartment is the One Bedroom Model at Huntley Ridge East at Forest Hill starting at $875 with a $1.17 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. |
---|---|---|---|
FarmStead | 2 Bed, 1.5 Bath TH 1055SqFt | 2BR,1.5BA | $1.03 |
Huntley Ridge East at Forest Hill | One Bedroom | 1BR,1BA | $1.17 |
Huntley Ridge East at Handley Ln. | 1 Bedroom | 1BR,1BA | $1.17 |
Prince Hall Village - Renovated 2020 | One Bedroom | 1BR,1BA | $1.51 |
Huntley Ridge East at Georgetown Rd | 1 BR Loft (Georgetown Road) | Studio ,1BA | $1.38 |
Riverview Apartments | One Bedroom One Bath | 1BR,1BA | $1.10 |
Juniper Hills Apartments | Studio | Studio ,1BA | $1.63 |
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Best Local Schools in Frankfort, KY
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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
How much is rent for a Cheap One Bedroom Frankfort Apartment?
The lowest price for a Cheap One Bedroom Frankfort Apartment is $689 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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.