
Cheap Apartments for Rent in Lily, KY from $600 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Lily.


489 Vanzant Rd

467 Vanzant Rd

Eagle Creek Apartments

703 S Kentucky Ave

Arlington Greene

Betty Jane Apartments

370 Ester Spur Rd
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.

168 Valley Wy

Total Monthly Price
308 N 3rd St, Unit 4

207 Mt Vernon Rd

Total Monthly Price
19 Christian St, Unit 19 Christian street

32 Mary St

Fry Estates Apartments

22 Roks Pl, Unit 22

28 Blevins Mayfield Rd
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.

100 Stonecrest Dr

624 N College St

Total Monthly Price
305 N 2nd St, Unit 3

136 S 10th St

Cumberland Gap Apartments

372 Ester Spur Rd

702 W Columbia St

312 W 5th St
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.

119 Lookout St

117 Lookout St

33 Driftwood Cir

Century Lofts

50 Driftwood Cir

71 Driftwood Cir

Fairway Lane Apartments

Magnolia Terrace
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.

100 Majak Dr
Lily, KY Local Guide

How much does it cost to rent an apartment in Lily?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lily Studio Apartments | $1,200 | $1,200 | $1,200 |
| Lily 1 Bedroom Apartments | $765 | $600 | $1,040 |
| Lily 2 Bedroom Apartments | $1,012 | $758 | $1,500 |
| Lily 3 Bedroom Apartments | $996 | $869 | $1,193 |
| Lily 4 Bedroom Apartments | $946 | $946 | $946 |
Browse Top Apartments in Lily
See all Apartments in LilyExplore Lily
Lily, KY Local Guide
- Nearby Cities
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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 $895. 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 | $895 |
| Bear Creek Apartments | 2 Bedroom | 2BR, 2BA | $1,036 |
Best Value Apartments for Rent in Lily, KY and Nearby
As of September 18, 2026 the best value apartment in the Lily area is the $0.55 price per square foot 111 N Main St Model at 111 N Main St, Unit 111 N Main starting from $1,200. The second greatest value Lily apartment is the 313 Wyrick St Model at 313 Wyrick St, Unit Apt A. starting at $1,500 with a $1.07 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. |
|---|---|---|---|
| 111 N Main St, Unit 111 N Main | 111 N Main St | Studio, 0.5BA | $0.55 |
| 313 Wyrick St, Unit Apt A. | 313 Wyrick St | 2BR, 2BA | $1.07 |
| 47 Melrose Dr, Unit 2 Bedroom 2 Bath | 47 Melrose Dr | 2BR, 2BA | $1.21 |
| Bear Creek Apartments | 3 Bedroom | 3BR, 2BA | $1.17 |
| 305 N 2nd St, Unit 3 | 305 N 2nd St | 2BR, 2BA | $1.00 |
| 12 Charlottes Pl | 12 Charlottes Pl | 2BR, 1BA | $1.14 |
| Fry Estates Apartments | Two Bedroom One Bathroom | 2BR, 1BA | $0.93 |
| 308 N 3rd St, Unit 4 | 308 N 3rd St | 1BR, 1BA | $1.00 |
| 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 ArticleNavigating 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.
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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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.

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.