Cheap Apartments for Rent in Henderson, KY from $500 (67 Rentals)

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

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Woodsview Apartments
1 to 4 Bedroom Apartments

Woodsview Apartments

1424 Woodland DrHenderson, KY 42420
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Pleasant Pointe Apartments
1 to 2 Bedroom Apartments

Pleasant Pointe Apartments

619 Barrett BlvdHenderson, KY 42420
Senior Living
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CAMBRIDGE POINTE
2 to 3 Bedroom Apartments

CAMBRIDGE POINTE

2718 Zion RdHenderson, KY 42420

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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Seven Oaks Apartments
2 Bedroom Apartments

Seven Oaks Apartments

771 Lakeview DrHenderson, KY 42420
  • Utilities Included

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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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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Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

280 Shamrock CtEvansville, IN 47715
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Fairmont Apartments
Studio to 2 Bedroom Apartments

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
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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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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
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The Rathbone Apartments
1 to 2 Bedroom Apartments

The Rathbone Apartments

1320 SE 2nd StEvansville, IN 47713
Corporate Housing
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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.

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Henderson, KY Local Guide

Cheapest Neighborhoods for Apartments in Henderson, KY

Pricing Updated: 05/23/2026

Current apartment rentals in the Henderson, KY area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Henderson Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Henderson East End$1,219$6257
Henderson South Side$1,219$6257
Henderson North End$1,362$6259

Cheapest Available Henderson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Henderson, KY is a 1 Bed unit found at Anchor Court in the Howell neighborhood priced from $625. Graystone Henderson in the Henderson North End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Henderson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Anchor Court1BR/1.0BA1BR,1BA$625
Graystone Henderson1 Bedroom1BR,1BA$625
Sontra Evansville Apartments0BR/1.0BAStudio,1BA$630
Embassy Apartments0.1Studio,1BA$660
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$680
Shannon GlennMcConnell2BR,1BA$710
Lakewood Flats and Townhomes1sm wd1BR,1BA$765
Foxfire West Apartments1.1f1BR,1BA$795
Addison PlaceWindsor1BR,1BA$799
The Manning1 Bedroom 1 Bathroom1BR,1BA$799

Best Value Apartments for Rent in Henderson, KY and Nearby

As of May 23, 2026 the best value apartment in the Henderson area is the $0.47 price per square foot 4BR/2BA - Furnished Model at Eagle Village - Historical Access in the in the Evansville West Side neighborhood starting from $565. The second greatest value Henderson apartment is the 2BR/1.0BA Model at Ross Center Village starting at $975 with a $0.85 price per square foot in the Lincoln-Bellemeade neighborhood. Here is today’s list of the best values for Henderson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Ross Center Village2BR/1.0BA2BR,1BA$0.85
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.93
Indian WoodsThe Oak2BR,1BA$0.95
Colonial Manor Apartments2x1 R2BR,1BA$1.15
Devonshire Gardens I & II1 Bed 1 Bath B1BR,1BA$1.00
Mission Viejo VillasB- Barcelona1BR,1BA$1.16
Parkside Apartments2 Bedroom2BR,1BA$1.03
Shannon GlennMcConnell2BR,1BA$0.89
Abbey Court ApartmentsCambridge1BR,1BA$1.13

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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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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Henderson, KY

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Henderson Apartments

What is a cheap apartment in Henderson?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Henderson is under $799.

What is the price of a cheap apartment in Henderson?

The cheapest apartment in Henderson is Anchor Court which is listed at $625, while the average apartment in Henderson costs $1,266.

What types of apartments are the cheapest in Henderson?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Henderson that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Henderson?

Cheap apartments in Henderson have an average cost of $759 which is $507 cheaper than the average rent for all rentals in Henderson.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.