Cheap Apartments for Rent in Frankfort, KY from $500 (19 Rentals)

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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.

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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.

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Emily Apartments
1 to 2 Bedroom Apartments

Emily Apartments

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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Frankfort, KY Local Guide

Cheapest Available Frankfort Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankfort, KY is a Studio unit found at Riverview Apartments priced from $581. Glenns Creek Manor Senior Living 55+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $610. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsStudioStudio,1BA$581
Glenns Creek Manor Senior Living 55+One Bedroom1BR,1BA$610
The Ricks House2 Beds, 1 bath2BR,1BA$725
Country HillsOne Bedroom One Bath1BR,1BA$774
Juniper Hills ApartmentsStudioStudio,1BA$845

Best Value Apartments for Rent in Frankfort, KY and Nearby

As of December 21, 2025 the best value apartment in the Frankfort area is the $1.00 price per square foot 60 Reilly Rd Model at 60 Reilly Rd, Unit 60A Reilly Rd in the starting from $1,200. The second greatest value Frankfort apartment is the 2 BR Townhome - Georgetown Rd Model at Huntley Ridge East at Georgetown Rd starting at $1,295 with a $1.26 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.
60 Reilly Rd, Unit 60A Reilly Rd60 Reilly Rd3BR,1BA$1.00
Huntley Ridge East at Georgetown Rd2 BR Townhome - Georgetown Rd2BR,1.5BA$1.26
Huntley Ridge East at Forest HillOne Bedroom1BR,1BA$1.17
Country HillsOne Bedroom One Bath1BR,1BA$1.03
Huntley Ridge East at Hanley Ln.1 Bedroom1BR,1BA$1.17
Glenns Creek Manor Senior Living 55+One Bedroom1BR,1BA$0.89
901 Crosshill Dr1 Bed 1 Bath1BR,1BA$1.50
The Ricks House2 Beds, 1 bath2BR,1BA$1.21
342 Holmes St, Unit 4342 Holmes StStudio ,1BA$1.58
FarmSteadThe Crown: 1 Bedroom, 1 Bath 564SqFt1BR,1BA$1.55

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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

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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 $581.

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

The lowest price for a Cheap One Bedroom Frankfort Apartment is $600 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 $725 at The Ricks House.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.