Cheap Apartments for Rent in Lawrence, KY from $500 (37 Rentals)

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

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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Imperial Lofts
1 to 3 Bedroom Apartments

Imperial Lofts

2133 8th AveHuntington, WV 25701
Senior Living
  • Utilities Included
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Mary Lane Estates
1 to 2 Bedroom Apartments

Mary Lane Estates

100 Berry LnBarboursville, WV 25504
  • 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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4 Circle Dr
2 Bedroom Apartments

4 Circle Dr

4 Circle DrHuntington, WV 25701
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Emerald Gardens
2 to 3 Bedroom Apartments

Emerald Gardens

10 Claudia CtBranchland, WV 25506
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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Showing Results 1-37, Page 1 of 1

Lawrence, KY Local Guide

Cheapest Available Lawrence Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lawrence, KY is a 1 Bed unit found at The Prichard priced from $503. 1429 3rd Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Lawrence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The PrichardThe Grand1BR,1BA$503
1429 3rd Ave1 Bedroom1BR,1BA$550
Fort Gay Apartments1 Bedroom 1 Bathroom1BR,1BA$600
Hickory Way Apartments2 Bdr2BR,1BA$640
The Place at Slate CreekOne Bedroom1BR,1BA$700
Riverside Landing2 Bed / 1 Bath2BR,1BA$715
Barnett Commons2 Bed 55+2BR,1BA$740
Patriot Walker (FKA Village Hill)STUDIO1BR,1BA$750
Lynwood Ter2 bed2BR,1BA$750
(Transitioned) Westmoreland1 Bedroom 1 Bathroom1BR,1BA$790

Best Value Apartments for Rent in Lawrence, KY and Nearby

As of June 21, 2026 the best value apartment in the Lawrence area is the $0.90 price per square foot 3 Bed/1.5 Bath Townhouse Model at 3811-3850 Sleepy Hollow Dr in the in the Teays Valley Hurricane neighborhood starting from $1,350. The second greatest value Lawrence apartment is the 3 Bed / 2 Bath Model at Riverside Landing starting at $975 with a $0.95 price per square foot . Here is today’s list of the best values for Lawrence apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3811-3850 Sleepy Hollow Dr3 Bed/1.5 Bath Townhouse3BR,1.5BA$0.90
Riverside Landing3 Bed / 2 Bath3BR,2BA$0.95
Emerald Gardens2 bedrooms2BR,1.5BA$0.84
Top Notch Townhomes & StorageTop Notch Rentals2BR,1.5BA$0.94
Buffington ApartmentsBUFFINGTON2BR,1BA$1.06
Hickory Way Apartments2 Bdr2BR,1BA$0.77
Brook Side Apartments2 Bed/1 Bath2BR,1BA$1.03
Marshall Apartments2 bedroom2BR,1BA$0.86
Fort Gay Apartments1 Bedroom 1 Bathroom1BR,1BA$0.95
The PrichardThe Classic1BR,1BA$0.80

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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Quick 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.

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

Explore Lawrence, KY Rentals by Map

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Frequently Asked Questions about Cheap Lawrence Apartments

What is the Cheapest Studio apartment in Lawrence?

Currently the most affordable Cheap Studio Apartment in Lawrence is at Patriot Walker (FKA Village Hill) listed at $750.

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

The lowest price for a Cheap One Bedroom Lawrence Apartment is $503 at The Prichard.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lawrence is starting from $640 at Fort Gay Apartments.

What is the most affordable Lawrence Three Bedroom Apartment?

The best deal on a cheap Lawrence Three Bedroom Apartment rental is at Barnett Commons and starts from $850.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.