
Cheap Homes for Rent in Lily, KY from $400 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Lily.


489 Vanzant Rd

515 Vanzant Rd

230 New Oak Rd

467 Vanzant Rd
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.

261 Scott Ln

19 Driftwood Cir

50 Driftwood Cir

33 Driftwood Cir

71 Driftwood Cir
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.

100 Rockcastle St

426 College St

51 Lee's Ford Dock Rd

709 W Columbia St

821 Old Corbin Pike Rd
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.

302 American Greeting Card Rd
Lily, KY Local Guide

How much does it cost to rent a home in Lily?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lily 2 Bedroom Homes for Rent | $1,002 | $425 | $2,000 |
| Lily 3 Bedroom Homes for Rent | $1,482 | $850 | $2,300 |
| Lily 4 Bedroom Homes for Rent | $1,825 | $1,300 | $2,975 |
Browse Top Homes for Rent in Lily
Explore 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 Eagle Creek Apartments priced from $700. Betty Jane Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Lily apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eagle Creek Apartments | one bdr with balcony | 1BR,1BA | $700 |
| Betty Jane Apartments | 1 Bed, 1 bath | 1BR,1BA | $700 |
| Fry Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,005 |
Best Value Apartments for Rent in Lily, KY and Nearby
As of May 02, 2026 the best value apartment in the Lily area is the $0.75 price per square foot 145 Skinner Ln Model at 145 Skinner Ln, Unit 145 Skinner Lane in the starting from $900. The second greatest value Lily apartment is the 208 Fairway Ln Model at 208 Fairway Ln, Unit B starting at $1,250 with a $1.14 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. |
|---|---|---|---|
| 145 Skinner Ln, Unit 145 Skinner Lane | 145 Skinner Ln | 2BR,1BA | $0.75 |
| 208 Fairway Ln, Unit B | 208 Fairway Ln | 2BR,1.5BA | $1.14 |
| 12 Charlottes Pl | 12 Charlottes Pl | 2BR,1BA | $1.19 |
| Fry Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.05 |
| 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 |
| Eagle Creek Apartments | one bdr with balcony | 1BR,1BA | $1.51 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 Lily
What type of rentals are currently available in Lily?
There are currently 22 Apartments for Rent in Lily, KY with pricing that ranges from $606 to $1,500. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lily ranging from $425 to $2,975.
What is the current price range for Rental Homes in Lily?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lily ranges from $425 to $2,975 with an average monthly rent of $1,280.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.