Cheap Apartments for Rent in Magnolia, KY from $500 (58 Rentals)

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

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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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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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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Buckingham Apartments
1 to 3 Bedroom Apartments

Buckingham Apartments

900 David CtElizabethtown, KY 42701
  • Utilities Included
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Linda's Place (Age 62+ )
1 to 2 Bedroom Apartments

Linda's Place (Age 62+ )

785 Running Creek DrShepherdsville, KY 40165
Senior Living
  • Utilities Included
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464 Springfield Rd
2 Bedroom Apartments

464 Springfield Rd

464 Springfield RdElizabethtown, KY 42701
Student Housing
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-50, Page 1 of 2

Magnolia, KY Local Guide

Cheapest Available Magnolia Apartments for Rent and Nearby

 

The cheapest available apartment rental in Magnolia, KY is a 1 Bed unit found at River Valley Apartments priced from $645. Stonehenge has the second lowest priced unit, which is a Studio apartment currently listed from $680. Here is today’s list of the most affordable Magnolia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River Valley Apartments1bd/1ba small w/carpet - Second Floor1BR,1BA$645
StonehengeStudio One Bath StandardStudio,1BA$680
Christopher Square Apartments NEW MANAGEMENT!1 Bed, 1 bath1BR,1BA$700
River Glow ApartmentsRiver Glow - 2/1 - Second Floor2BR,1BA$745
Town Pointe ApartmentsStudioStudio,1BA$795
Buckingham Apartments021BR,1BA$825
Woodside Townhomes2 Bedroom Townhome2BR,1BA$850
The Grasslands2 Beds, 1 bath2BR,1BA$850
Tyler Park ApartmentsDuplex-R1BR,1BA$899
Embassy Townhomes2 Bed, 1.5 Bath2BR,1BA$900

Best Value Apartments for Rent in Magnolia, KY and Nearby

As of May 31, 2026 the best value apartment in the Magnolia area is the $0.98 price per square foot 3x2 Model at Claysville Landing Apartment Suites in the starting from $1,325. The second greatest value Magnolia apartment is the 2+2 Model at Arlington Park Apartments starting at $1,120 with a $0.90 price per square foot . Here is today’s list of the best values for Magnolia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Claysville Landing Apartment Suites3x23BR,2BA$0.98
Arlington Park Apartments2+22BR,2BA$0.90
Vineland Carriage Homes ApartmentsLGR 2 BDRM GAR2BR,2BA$0.88
Green River Lake CommonsThe Dream3BR,2BA$0.94
BlackBranch Apartments2 Bedroom2BR,2BA$0.87
The Grasslands3 Beds, 1 bath3BR,1BA$0.86
Woodside Townhomes2 Bedroom Townhome2BR,1.5BA$0.81
Embassy Townhomes2 Bed, 1.5 Bath2BR,1.5BA$1.00
River Glow ApartmentsRiver Glow - 2/1 - Second Floor2BR,1BA$0.93
Christopher Square Apartments NEW MANAGEMENT!1 Bed, 1 bath1BR,1BA$0.92

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!

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Frequently Asked Questions about Cheap Magnolia Apartments

What is the Cheapest Studio apartment in Magnolia?

Currently the most affordable Cheap Studio Apartment in Magnolia is at Stonehenge listed at $680.

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

The lowest price for a Cheap One Bedroom Magnolia Apartment is $645 at River Valley Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Magnolia is starting from $745 at River Glow Apartments.

What is the most affordable Magnolia Three Bedroom Apartment?

The best deal on a cheap Magnolia Three Bedroom Apartment rental is at The Grasslands and starts from $950.

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 Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.

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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.

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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.