
Cheap Homes for Rent in Island, KY from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Island.


204 N Warren St

199 Ricedale Cir

934 Jackson St
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.

920 Sycamore St

452 Logansport Rd

532 Orchard St

1621 Burdette Ave
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.

1818-1820 Tamarack Rd
Island, KY Local Guide

How much does it cost to rent a home in Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island 2 Bedroom Homes for Rent | $1,128 | $875 | $1,375 |
| Island 3 Bedroom Homes for Rent | $1,809 | $1,095 | $3,700 |
| Island 4 Bedroom Homes for Rent | $2,186 | $1,250 | $2,995 |
Browse Top Homes for Rent in Island
Explore Island
Island, KY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Run | The Hampton | 1BR,1BA | $515 |
| Graystone Henderson | 1 Bedroom | 1BR,1BA | $625 |
| Sontra Evansville Apartments | 0BR/1.0BA | Studio,1BA | $630 |
Best Value Apartments for Rent in Island, KY and Nearby
As of May 31, 2026 the best value apartment in the Island area is the $0.81 price per square foot 2 Bed 2 Bath - Townhome Model at Devonshire Gardens I & II in the in the Lant Manor neighborhood starting from $1,255. The second greatest value Island apartment is the 3 Bedroom 2 Bath Model at Royal Arms of Owensboro starting at $1,330 with a $0.95 price per square foot . Here is today’s list of the best values for Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Devonshire Gardens I & II | 2 Bed 2 Bath - Townhome | 2BR,2BA | $0.81 |
| Royal Arms of Owensboro | 3 Bedroom 2 Bath | 3BR,2BA | $0.95 |
| Ross Center Village | 2BR/1.0BA | 2BR,1BA | $0.85 |
| Cottonwood | 2 Bed Duplex | 2BR,1.5BA | $1.05 |
| Hornbrook Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $0.93 |
| Indian Woods | The Oak | 2BR,1BA | $0.95 |
| Andrea Court North | 2BR/1.0BA | 2BR,1BA | $1.03 |
| Willow Run | The Sterling | 2BR,1BA | $0.92 |
| Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
| Shannon Glenn | McConnell | 2BR,1BA | $0.89 |
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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Island, KY Rentals by Map
See the most popular apartments and homes in Island, KY
Frequently Asked Questions about Island
What type of rentals are currently available in Island?
There are currently 45 Apartments for Rent in Island, KY with pricing that ranges from $600 to $2,051. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island ranging from $650 to $3,700.
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 $650 to $3,700 with an average monthly rent of $1,475.
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 $1,190 to $2,046, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $3,700. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,650.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.

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.