
Cheap Homes for Rent in Island, KY from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Island.


204 N Warren St

199 Ricedale Cir

100 Orchard Hill Dr

225 Daniel 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

1107 Helm St

85 Park Ave

1620 Burdette Ave

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.

435 7th St
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 | $1,230 | $875 | $1,950 |
| Island 3 Bedroom Homes for Rent | $1,861 | $1,095 | $2,700 |
| Island 4 Bedroom Homes for Rent | $2,450 | $2,200 | $2,700 |
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 Graystone Henderson in the Henderson North End neighborhood priced from $625. Sontra Evansville Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $630. Here is today’s list of the most affordable Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Graystone Henderson | 1 Bedroom | 1BR,1BA | $625 |
| Sontra Evansville Apartments | 0BR/1.0BA | Studio,1BA | $630 |
| Embassy Apartments | 0.1 | Studio,1BA | $685 |
| Heathmoore - Evansville | 1 Bed 1 Bath | 1BR,1BA | $700 |
| Willow Run | The Hampton | 1BR,1BA | $730 |
Best Value Apartments for Rent in Island, KY and Nearby
As of April 16, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 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 | $1.04 |
| Indian Woods | The Oak | 2BR,1BA | $1.05 |
| Andrea Court North | 2BR/1.0BA | 2BR,1BA | $1.03 |
| Addison Place | St Charles | 2BR,1BA | $1.06 |
| Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
| Kingston Square Apartments | Two Bedroom | 2BR,1BA | $1.02 |
| Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $1.07 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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 $580 to $2,046. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island ranging from $700 to $2,700.
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 $700 to $2,700 with an average monthly rent of $1,770.
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 $1,170 to $2,046, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,325.
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

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.