Cheap Apartments for Rent in Lancaster, KY from $595 (44 Rentals)

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

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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Imperial Pointe
$1,054 - $1,451

Total Monthly Price

Base Rent$1,054 - $1,451
Total Monthly Price$1,054 - $1,451
1 to 3 Bedroom Apartments Available Now

Imperial Pointe

101 Imperial PointeNicholasville, KY 40356
Family Friendly
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  • Customer Reviewed
  • Utilities Included

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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Pebblecreek Crossing
1 to 2 Bedroom Apartments

Pebblecreek Crossing

418 Big Hill AveRichmond, KY 40475
Senior Living

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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Oak Hill Apartments
2 Bedroom Apartments

Oak Hill Apartments

2100 Pavilion WayRichmond, KY 40475
  • Utilities Included
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Palomar Stables
1 to 3 Bedroom Apartments

Palomar Stables

3765 Winthrop DrLexington, KY 40514
Showing Results 1-44, 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. Long Run Community - Income Restricted has the second lowest priced unit, which is a 2 Beds apartment currently listed from $715. 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
Long Run Community - Income Restricted2x12BR,1BA$715
East Ridge ApartmentsOne Bedroom1BR,1BA$725
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$741
386 Gibson Ln386 Gibson1BR,1BA$755
Meadow Pointe ApartmentsMeadow Pointe 1 BR1BR,1BA$759
Pebblecreek Crossing1x11BR,1BA$850
Vines at Saddlebrook2 x 12BR,1BA$875
1040 Brandy LnTwo Bed2BR,1BA$900
The Racquet Club ApartmentsA - Sport1BR,1BA$905

Best Value Apartments for Rent in Lancaster, KY and Nearby

As of September 06, 2026 the best value apartment in the Lancaster area is the $1.22 price per square foot Claiborne Model at Park Place Apartments in the in the The Meadows At Brannon Crossing neighborhood starting from $1,765. The second greatest value Lancaster apartment is the 3BR/2.5BA Model at 2005 Willow Dr starting at $1,425 with a $1.19 price per square foot . 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.
Park Place ApartmentsClaiborne2BR,2BA$1.22
2005 Willow Dr3BR/2.5BA3BR,2.5BA$1.19
Twin Lakes Apartments2 Bedroom2BR,2BA$0.90
Imperial Pointe2 Bedroom2BR,2BA$1.16
East Ridge ApartmentsOne Bedroom1BR,1BA$0.81
Vines at Saddlebrook2 x 12BR,1BA$1.04
Ty Lane Apartments1 Bedroom (755sqft)1BR,1BA$1.21
Long Run Community - Income Restricted2x12BR,1BA$0.98
Pebblecreek Crossing1x11BR,1BA$1.21
Meadow Pointe ApartmentsMeadow Pointe 1 BR1BR,1BA$1.12

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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:
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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 $715 at Long Run Community - Income Restricted.

What is the most affordable Lancaster Three Bedroom Apartment?

The best deal on a cheap Lancaster Three Bedroom Apartment rental is at Shawnee Trail Apartments and starts from $1,042.

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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.