
Cheap Apartments for Rent in Lily, KY from $600 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Lily.


Beech Creek - Short WAIT LIST!

Betty Jane Apartments

69 Cr-1291Q

Total Monthly Price
277 American Greeting Card Rd, Unit A

Total Monthly Price
308 N 3rd St, Unit 4

Total Monthly Price
120 Middleground Way, Unit 01
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.

Total Monthly Price
27 Christian St, Unit Triplex

22 Roks Pl, Unit 22

561 S 43rd St

Century Lofts

Fry Estates Apartments

12 Charlottes Pl

Cumberland Gap Apartments
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.

230 New Oak Rd

261 Scott Ln

210 Elm St

5340 Beechwood Dr

136 S 10th St

19 Driftwood Cir

50 Driftwood Cir
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.

33 Driftwood Cir

71 Driftwood Cir

Magnolia Terrace

51 Lee's Ford Dock Rd

24 Jade Ct

53 Jordie Dr

2070 US-25W
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.

306 W 5th St

214 New Oak Rd
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 | $802 | $600 | $990 |
| Lily 2 Bedroom Apartments | $1,024 | $649 | $1,500 |
| Lily 3 Bedroom Apartments | $943 | $780 | $1,050 |
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. Century Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. 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 |
| Century Lofts | One Bed | 1BR,1BA | $900 |
| Fry Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,015 |
Best Value Apartments for Rent in Lily, KY and Nearby
As of June 18, 2026 the best value apartment in the Lily area is the $1.08 price per square foot 309 W 7th St Model at 309 W 7th St, Unit New construction in the starting from $1,300. The second greatest value Lily apartment is the 12 Charlottes Pl Model at 12 Charlottes Pl starting at $1,150 with a $1.19 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. |
|---|---|---|---|
| 309 W 7th St, Unit New construction | 309 W 7th St | 2BR,1.5BA | $1.08 |
| 12 Charlottes Pl | 12 Charlottes Pl | 2BR,1BA | $1.19 |
| Fry Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.06 |
| 277 American Greeting Card Rd, Unit A | 277 American Greeting Card Rd | 2BR,1BA | $0.83 |
| 69 Cr-1291Q | 69 Cr-1291Q | 2BR,1BA | $0.80 |
| 120 Middleground Way, Unit 01 | 120 Middleground Way | 1BR,1BA | $1.03 |
| 308 N 3rd St, Unit 4 | 308 N 3rd St | 1BR,1BA | $1.00 |
| 27 Christian St, Unit Triplex | 27 Christian St | 2BR,1.5BA | $1.06 |
| 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

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.

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.

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.

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.