Cheap Apartments for Rent near Lancaster, KY from $500 (37 Rentals)

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East Ridge Apartments
$725 - $1,050
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$725 - $1,050
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$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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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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Oak Hill Apartments
2 Bedroom Apartments

Oak Hill Apartments

2100 Pavilion WayRichmond, KY 40475
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Showing Results 1-37, Page 1 of 1

Lancaster, KY Local Guide

Cheapest Available Lancaster Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lancaster, KY is a 1 Bed unit found at Katelyn Court Apartments priced from $695. Shawnee Trail Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $741. Here is today’s list of the most affordable Lancaster apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Katelyn Court Apartments1 Bed, 1 bath1BR,1BA$695
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$741
Meadow Pointe ApartmentsMeadow Pointe 1 BR1BR,1BA$759
1040 Brandy LnTwo Bed2BR,1BA$900
Ty Lane Apartments1 Bedroom (755sqft)1BR,1BA$915
Brandywine1 Bed1BR,1BA$995
Vetra Lexington1 Bedroom 1 Bath1BR,1BA$999
Ashton on Main2 Bedroom2BR,1BA$999
The Resort Apartments1BD/ 1 BA1BR,1BA$1,045
The MetropolitanWoodford1BR,1BA$1,048

Best Value Apartments for Rent in Lancaster, KY and Nearby

As of July 21, 2026 the best value apartment in the Lancaster area is the $1.40 price per square foot New Cottage/Two Car Garage Model at Legacy Lake Apartments in the starting from $2,100. The second greatest value Lancaster apartment is the 3 Bedroom Model at Imperial Pointe starting at $1,451 with a $1.10 price per square foot in the Jessamine County neighborhood. Here is today’s list of the best values for Lancaster apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Legacy Lake ApartmentsNew Cottage/Two Car Garage3BR,2BA$1.40
Imperial Pointe3 Bedroom3BR,2BA$1.10
Carriage Place Apartments2 Bedroom2BR,2BA$1.12
Brandywine2 Bed Small2BR,2BA$1.33
Ty Lane Apartments1 Bedroom (755sqft)1BR,1BA$1.21
Ashton on Main2 Bedroom2BR,1BA$1.33
1040 Brandy LnTwo Bed2BR,1BA$1.25
Meadow Pointe ApartmentsMeadow Pointe 1 BR1BR,1BA$1.12
Katelyn Court Apartments1 Bed, 1 bath1BR,1BA$1.26
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$1.41

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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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Lancaster Apartments

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

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

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

Today's best deal for a Cheap Two Bedroom Apartment in Lancaster is starting from $859 at Meadow Pointe Apartments.

What is the most affordable Lancaster Three Bedroom Apartment?

The best deal on a cheap Lancaster 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

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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.

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.