Cheap Apartments for Rent in Frankfort, KY from $500 (7 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Emily Apartments
1 Bedroom Apartments

Emily Apartments

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

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.

Frankfort, KY Local Guide

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 ListingModel NameBed/BathPriced From
Juniper Hills ApartmentsStudioStudio,1BA$650
Riverview ApartmentsOne Bedroom One Bath1BR,1BA$689
Huntley Ridge East at Georgetown Rd1 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 ListingModel NameBed/BathPrice Per Sq.Ft.
FarmStead2 Bed, 1.5 Bath TH 1055SqFt2BR,1.5BA$1.03
Huntley Ridge East at Forest HillOne Bedroom1BR,1BA$1.17
Huntley Ridge East at Handley Ln.1 Bedroom1BR,1BA$1.17
Prince Hall Village - Renovated 2020One Bedroom1BR,1BA$1.51
Huntley Ridge East at Georgetown Rd1 BR Loft (Georgetown Road)Studio ,1BA$1.38
Riverview ApartmentsOne Bedroom One Bath1BR,1BA$1.10
Juniper Hills ApartmentsStudioStudio ,1BA$1.63

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Location, Location, Location!

Explore Frankfort, KY Rentals by Map

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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

Frankfort, KY Area Reviews

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Val3+ 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

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.

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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.

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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.

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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.

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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.