Cheap Apartments for Rent near Island City, KY from $600 (30 Rentals)

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

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East Ridge Apartments
$725 - $1,050
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$725 - $1,050
Total Monthly Price
$725 - $1,050
1 to 2 Bedroom Apartments Contact Us For Availability

East Ridge Apartments

410 Jason DrRichmond, KY 40475
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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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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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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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Oakbrook
2 Bedroom Apartments

Oakbrook

122 Roy Campbell DrHazard, KY 41701
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Century Lofts
1 Bedroom Apartments

Century Lofts

113 N Main StCorbin, KY 40701

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 1-30, Page 1 of 1

Island City, KY Local Guide

Cheapest Available Island City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Island City, KY is a 1 Bed unit found at Katelyn Court Apartments priced from $695. Eagle Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Island City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Katelyn Court Apartments1 Bed, 1 bath1BR,1BA$695
Eagle Creek Apartmentsone bdr with balcony1BR,1BA$700
McGinnis PropertiesTownhome2BR,1BA$700
Betty Jane Apartments1 Bed, 1 bath1BR,1BA$700
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$741
Studio 280BR/1.0BAStudio,1BA$814
Vines at Saddlebrook2 x 12BR,1BA$855
Top Notch Townhomes & StorageTop Notch Rentals2BR,1BA$900
1040 Brandy LnTwo Bed2BR,1BA$900
Fry Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$995

Best Value Apartments for Rent in Island City, KY and Nearby

As of July 29, 2026 the best value apartment in the Island City area is the $0.46 price per square foot Townhome Model at McGinnis Properties in the starting from $700. The second greatest value Island City apartment is the 2 Bedroom Model at Carriage Place Apartments starting at $1,450 with a $1.12 price per square foot . Here is today’s list of the best values for Island City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
McGinnis PropertiesTownhome2BR,1.5BA$0.46
Carriage Place Apartments2 Bedroom2BR,2BA$1.12
2005 Willow Dr2BR/1.5BA2BR,1.5BA$1.16
Fry Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.04
Top Notch Townhomes & StorageTop Notch Rentals2BR,1.5BA$0.94
Vines at Saddlebrook2 x 12BR,1BA$1.02
Ashton on Main2 Bedroom2BR,1BA$1.33
1040 Brandy LnTwo Bed2BR,1BA$1.25
Betty Jane Apartments1 Bed, 1 bath1BR,1BA$1.27
Katelyn Court Apartments1 Bed, 1 bath1BR,1BA$1.26

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

Explore Island City, KY Rentals by Map

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Frequently Asked Questions about Cheap Island City Apartments

What is the Cheapest Studio apartment in Island City?

Currently the most affordable Cheap Studio Apartment in Island City is at Studio 28 listed at $814.

How much is rent for a Cheap One Bedroom Island City Apartment?

The lowest price for a Cheap One Bedroom Island City Apartment is $695 at Katelyn Court Apartments.

What is the lowest price for a Cheap Two Bedroom Island City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Island City is starting from $700 at McGinnis Properties.

What is the most affordable Island City Three Bedroom Apartment?

The best deal on a cheap Island City Three Bedroom Apartment rental is at 1040 Brandy Ln and starts from $1,000.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.