Cheap Apartments for Rent in Lancaster, MO from $300 (28 Rentals)

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

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When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Chateau Apartments
2 Bedroom Apartments

Chateau Apartments

114 26th StFort Madison, IA 52627
  • Utilities Included

Cash 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.

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Tisdale Apartments
2 Bedroom Apartments

Tisdale Apartments

232 E 4th StOttumwa, IA 52501
  • Utilities Included

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.

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501 S Osteopathy Ave
1 Bedroom Apartments

501 S Osteopathy Ave

501 S Osteopathy AveKirksville, MO 63501
Student Housing
  • Utilities Included
Showing Results 1-28, Page 1 of 1

Lancaster, MO Local Guide

Cheapest Available Lancaster Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lancaster, MO is a 3 Beds unit found at Cedar Creek Crossing Apartments priced from $340. Foxwood Apartments in the Easton Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Lancaster apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Creek Crossing Apartments3 Bed 2 Bath3BR,2BA$340
Foxwood ApartmentsB22BR,1BA$600
Monroe City Senior Housing 62+1 Bed 1 Bath1BR,1BA$675
Northern Plains by KadingCottage - 22BR,1BA$695
Next Level Apartments - Deer RunB12BR,1BA$743
East Park Apartments1/2 Story Down2BR,1BA$750
Louden LoftsTwo Bedroom2BR,2BA$800
Orchard Lane ApartmentsB1 Classic2BR,1BA$850
1833 Curtis Ave1 BR/ 1 BA1BR,1BA$900
Prairie Village ApartmentsA1 Renovated1BR,1BA$975

Best Value Apartments for Rent in Lancaster, MO and Nearby

As of August 11, 2025 the best value apartment in the Lancaster area is the $1.08 price per square foot Three Beds Two Baths Model at Emerson Garden Apartments in the starting from $1,400. The second greatest value Lancaster apartment is the Unit 81 Model at Fairfield Estates starting at $1,057 with a $0.84 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.
Emerson Garden ApartmentsThree Beds Two Baths3BR,2BA$1.08
Fairfield EstatesUnit 814BR,2BA$0.84
Terrace View by KadingCottage-33BR,2BA$1.05
Cedar Creek Crossing Apartments3 Bed 2 Bath3BR,2BA$0.30
Sunset Terrace2 Beds, 2 baths2BR,2BA$1.13
Washington ApartmentsThe Harmon2BR,1BA$1.09
Orchard Lane ApartmentsB1 Partially Renovated2BR,1BA$1.08
Northern Plains by KadingCottage - 22BR,1BA$0.83
Next Level Apartments - Deer RunB12BR,1BA$0.93
Louden LoftsTwo Bedroom2BR,2BA$1.00

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lancaster, MO Rentals by Map

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Getting Around Lancaster, MO

Walk Score®

18 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $675 at Monroe City Senior Housing 62+.

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 $600 at Foxwood Apartments.

What is the most affordable Lancaster Three Bedroom Apartment?

The best deal on a cheap Lancaster Three Bedroom Apartment rental is at Cedar Creek Crossing Apartments and starts from $340.

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.