
Cheap Apartments for Rent near Lily, KY from $600 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Lily.


Beech Creek - Short WAIT LIST!

Betty Jane Apartments

130 Welch Rd

704 S 2nd St

162 Middleground Way

32 Mary St
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.

119 Crescent View Dr

31 Hurley St

22 Roks Pl, Unit 22

Fry Estates Apartments

Fairway Lane Apartments

207 Mt Vernon Rd

261 Scott Ln
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.

Cumberland Gap Apartments

702 W Columbia St

230 New Oak Rd

5340 Beechwood Dr

312 W 5th St

Century Lofts

50 Driftwood Cir
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.

71 Driftwood Cir

450 Scaffold Cane Rd

1325 Red Lick Rd

1602 McKinley Ln

Magnolia Terrace

302 American Greeting Card Rd

100 Stonecrest Dr
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.
Lily, KY Local Guide

How much does it cost to rent an apartment in Lily?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lily 1 Bedroom Apartments | $764 | $600 | $990 |
| Lily 2 Bedroom Apartments | $1,002 | $649 | $1,250 |
| Lily 3 Bedroom Apartments | $1,250 | $1,000 | $1,600 |
Browse Top Apartments in Lily
See all Apartments in LilyExplore Lily
Lily, KY Local Guide
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Cheapest Available Lily Apartments for Rent and Nearby
 The cheapest available apartment rental in Lily, KY is a 1 Bed unit found at Betty Jane Apartments priced from $700. Fry Estates Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $949. Here is today’s list of the most affordable Lily apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Betty Jane Apartments | 1 Bed, 1 bath | 1BR,1BA | $700 |
| Fry Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $949 |
| Fairway Lane Apartments | 1 bedroom | 1BR,1BA | $950 |
Best Value Apartments for Rent in Lily, KY and Nearby
As of August 03, 2026 the best value apartment in the Lily area is the $1.00 price per square foot 192 Fairway Ln Model at 192 Fairway Ln, Unit A in the starting from $1,150. The second greatest value Lily apartment is the 194 Fairway Ln Model at 194 Fairway Ln, Unit 194 Fairway Lane starting at $1,200 with a $1.04 price per square foot . Here is today’s list of the best values for Lily apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 192 Fairway Ln, Unit A | 192 Fairway Ln | 2BR,1.5BA | $1.00 |
| 194 Fairway Ln, Unit 194 Fairway Lane | 194 Fairway Ln | 2BR,1.5BA | $1.04 |
| 12 Charlottes Pl | 12 Charlottes Pl | 2BR,1BA | $1.14 |
| Fry Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $0.99 |
| Fairway Lane Apartments | 1 bedroom | 1BR,1BA | $1.12 |
| 22 Roks Pl, Unit 22 | 22 Roks Pl | 1BR,1BA | $1.14 |
| Betty Jane Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.27 |
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.
Read ArticleReal 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.
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 Lily, KY Rentals by Map
See the most popular apartments and homes in Lily, KY
Frequently Asked Questions about Cheap Lily Apartments
How much is rent for a Cheap One Bedroom Lily Apartment?
The lowest price for a Cheap One Bedroom Lily Apartment is $700 at Betty Jane Apartments.
What is the lowest price for a Cheap Two Bedroom Lily Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lily is starting from $860 at Betty Jane Apartments.
What is the most affordable Lily Three Bedroom Apartment?
The best deal on a cheap Lily Three Bedroom Apartment rental is at Betty Jane Apartments 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

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.

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.

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.

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.