Cheap Apartments for Rent in Henderson, KY from $500 (50 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

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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Seven Oaks Apartments
2 Bedroom Apartments

Seven Oaks Apartments

771 Lakeview DrHenderson, KY 42420
  • Utilities Included

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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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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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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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Anchor Court Apartments
1 Bedroom Apartments

Anchor Court Apartments

2025 W Columbia StEvansville, IN 47712
Senior Living
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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Henderson, KY Local Guide

Cheapest Neighborhoods for Apartments in Henderson, KY

Pricing Updated: 01/07/2026

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$1,100$6504
Henderson South Side$1,100$6504
Henderson North End$1,249$65010

Cheapest Available Henderson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Henderson, KY is a 1 Bed unit found at Graystone Henderson in the Henderson North End neighborhood priced from $650. Lakewood Flats and Townhomes in the Howell neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $670. Here is today’s list of the most affordable Henderson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Graystone Henderson1 Bedroom1BR,1BA$650
Lakewood Flats and Townhomes2 small wd2BR,1BA$670
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$680
Embassy Apartments0.1Studio,1BA$685
Village GreenCypress1BR,1BA$715
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$725
Addison PlaceWindsor1BR,1BA$750
Foxfire West Apartments1.1f1BR,1BA$795
The Forge on MainStudio AStudio,1BA$800
Shannon GlennO`Conner3BR,2BA$806

Best Value Apartments for Rent in Henderson, KY and Nearby

As of January 07, 2026 the best value apartment in the Henderson area is the $1.18 price per square foot The Pine Townhome Model at Kimber Green Apartments in the in the Lant Manor neighborhood starting from $1,499. The second greatest value Henderson apartment is the 4BR/2BA - Furnished Model at Eagle Village - Historical Access starting at $565 with a $0.47 price per square foot in the Evansville West Side 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.
Kimber Green ApartmentsThe Pine Townhome3BR,1.5BA$1.18
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Shannon GlennO`Conner3BR,2BA$0.77
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.17
Indian WoodsThe Oak2BR,1BA$1.10
The Brickyard ApartmentsKeystone1BR,1BA$1.16
Mission Viejo VillasB- Barcelona1BR,1BA$1.16
Abbey Court ApartmentsCambridge1BR,1BA$1.13
Addison PlaceWindsor1BR,1BA$1.14
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$1.18

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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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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How much rent can you afford?

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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Best Local Schools in
Henderson, KY

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Henderson, KY Rentals by Map

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See the most popular apartments and homes in Henderson, KY

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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 $806.

What is the price of a cheap apartment in Henderson?

The cheapest apartment in Henderson is Graystone Henderson which is listed at $650, while the average apartment in Henderson costs $1,149.

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 5 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 $707 which is $442 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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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!