Cheap Homes for Rent in Island, KY from $300 (10 Rentals)

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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.

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.

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 Graystone Henderson in the Henderson North End neighborhood priced from $599. Willow Run has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Graystone Henderson1 Bedroom1BR,1BA$599
Willow RunThe BristolStudio,1BA$625
Embassy Apartments0.1Studio,1BA$645

Best Value Apartments for Rent in Island, KY and Nearby

As of May 31, 2025 the best value apartment in the Island area is the $1.01 price per square foot Mulberry Premium Model at Village Green in the in the Lincoln-Bellemeade neighborhood starting from $980. The second greatest value Island apartment is the The Oak Model at Indian Woods starting at $999 with a $1.05 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.
Village GreenMulberry Premium2BR,1BA$1.01
Indian WoodsThe Oak2BR,1BA$1.05
Abbey Court ApartmentsNottingham2BR,1BA$1.02
Pavilion Lakes ApartmentsThe Ontario2BR,1BA$1.19
Naveen Pine ApartmentsCozy Two Bedroom Apartment Home2BR,1BA$1.12
Parkside Apartments2 Bedroom2BR,1BA$1.03
Ambassador VillasAmbassador 1 BD1BR,1BA$0.96
Devonshire Gardens I & IIII 1 Bed 1 Bath C1BR,1BA$1.16
Addison PlaceWindsor1BR,1BA$1.23
Graystone Henderson1 Bedroom1BR,1BA$1.20

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Island

What type of rentals are currently available in Island?

There are currently 40 Apartments for Rent in Island, KY with pricing that ranges from $531 to $2,860. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island ranging from $350 to $3,800.

What is the current price range for Rental Homes in Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Island ranges from $350 to $3,800 with an average monthly rent of $1,940.

How much are larger Three and Four Bedroom Rentals in Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Island range from $728 to $2,860, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $3,800. Four Bedroom Single-Family rentals are also available starting from $925 and Four Bedroom Apartments start at $1,550.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.