Cheap Apartments for Rent in Frankfort, KY from $610 (35 Rentals)

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

property at 221 W Todd St
$795
1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

221 W Todd St

FrankfortKY40601

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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property at 451 Westwood Dr
$875
1 Bedroom, 1 Bath Home for Rent
Available Now

451 Westwood Dr

FrankfortKY40601

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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property at 200 Thistlewood Ave
$900

Total Monthly Price

Base Rent$900
Total Monthly Price$900
1 Bedroom, 1 Bath Condo for Rent
Available Now

200 Thistlewood Ave, Unit 609

200 Thistlewood Ave
FrankfortKY40601
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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 1-35, Page 1 of 1

Frankfort, KY Local Guide

Cheapest Available Frankfort Apartments for Rent

 

The cheapest available apartment rental in Frankfort, KY is a 1 Bed unit found at 903 Crosshill Dr priced from $695. Riverview Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $698. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
903 Crosshill DrOne Bedroom1BR,1BA$695
Riverview ApartmentsStudioStudio,1BA$698
216 Briar Cliff St1 Bedroom1BR,1BA$700
The Rickhouse1 Bed, 1 bath1BR,1BA$750
FarmStead1 Bed, 1 Bath 575SqFt1BR,1BA$750
Country HillsTwo Bedroom One Bath2BR,1BA$836
Juniper Hills ApartmentsStudioStudio,1BA$845
Huntley Ridge East at Georgetown Rd1 BR Garden - Georgetown Road1BR,1BA$875
Huntley Ridge East at Forest HillOne Bedroom1BR,1BA$875

Best Value Apartments for Rent in Frankfort, KY

As of September 12, 2026 the best value apartment in the Frankfort area is the $1.20 price per square foot 2 BR Townhome - Georgetown Rd Model at Huntley Ridge East in the starting from $1,295. The second greatest value Frankfort apartment is the 58 Reilly Rd Model at 58 Reilly Rd, Unit 58A Reilly Road starting at $1,300 with a $1.30 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.
Huntley Ridge East2 BR Townhome - Georgetown Rd2BR,1.5BA$1.20
58 Reilly Rd, Unit 58A Reilly Road58 Reilly Rd3BR,1BA$1.30
Country HillsTwo Bedroom One Bath2BR,1BA$0.90
60B Reilly Rd, Unit 60B Reilly Rd60B Reilly Rd1BR,1BA$1.03
Huntley Ridge East at Hanley Ln.1 Bedroom1BR,1BA$1.17
Huntley Ridge East at Forest HillOne Bedroom1BR,1BA$1.17
506 Steele StOne Bedroom1BR,1BA$1.29
The Rickhouse1 Bed, 1 bath1BR,1BA$1.25
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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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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 $698.

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 $836 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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.