Cheap Apartments for Rent in Island, KY from $500 (46 Rentals)

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

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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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
  • Utilities Included
property at 901 Princeton Rd

$695 - $795

1 To 2 Bedroom Rentals

Available Now

901 Princeton Rd

MadisonvilleKY42431
property at 199 Ricedale Cir

$800 - $995

1 To 2 Bedroom Rentals

Available Now

199 Ricedale Cir

DrakesboroKY42337

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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Legacy Commons
1 to 2 Bedroom Apartments

Legacy Commons

630 Chuck Gray CtOwensboro, KY 42303
  • 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.

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Showing Results 1-46, Page 1 of 1

Island, KY Local Guide

Cheapest Available Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Island, KY is a 1 Bed unit found at Willow Run priced from $515. 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 Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow RunThe Hampton1BR,1BA$515
Graystone Henderson1 Bedroom1BR,1BA$625
Sontra Evansville Apartments0BR/1.0BAStudio,1BA$630
Crescent Court Apartments1BR/1.0BA1BR,1BA$675
Embassy Apartments0.1Studio,1BA$685
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Shannon GlennMcConnell2BR,1BA$710
Village GreenCypress1BR,1BA$730
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
Ambassador VillasAmbassador 1 BD1BR,1BA$750

Best Value Apartments for Rent in Island, KY and Nearby

As of May 08, 2026 the best value apartment in the Island area is the $0.95 price per square foot 3 Bedroom 2 Bath Model at Royal Arms of Owensboro in the starting from $1,330. The second greatest value Island 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 Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$0.95
Ross Center Village2BR/1.0BA2BR,1BA$0.85
Cottonwood2 Bed Duplex2BR,1.5BA$1.05
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.93
Andrea Court NorthAndrea Court North2BR,1BA$1.03
Willow RunThe Sterling2BR,1BA$0.92
Devonshire Gardens I & II1 Bed 1 Bath B1BR,1BA$1.02
Shannon GlennMcConnell2BR,1BA$0.89
Kingston Square ApartmentsTwo Bedroom2BR,1BA$1.02
Parkside Apartments2 Bedroom2BR,1BA$1.03

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, KY Rentals by Map

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See the most popular apartments and homes in Island, KY

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Frequently Asked Questions about Cheap Island Apartments

What is the Cheapest Studio apartment in Island?

Currently the most affordable Cheap Studio Apartment in Island is at Sontra Evansville Apartments listed at $630.

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

The lowest price for a Cheap One Bedroom Island Apartment is $515 at Willow Run.

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

Today's best deal for a Cheap Two Bedroom Apartment in Island is starting from $710 at Shannon Glenn.

What is the most affordable Island Three Bedroom Apartment?

The best deal on a cheap Island Three Bedroom Apartment rental is at Northbend Townhomes and starts from $1,067.

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.