Cheap Apartments for Rent in Murray, KY from $300 (54 Rentals)

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

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Red Oaks Apartments
1 to 2 Bedroom Apartments

Red Oaks Apartments

1409 Diuguid DrMurray, KY 42071
  • Utilities Included
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Live Oaks Apartments
1 to 3 Bedroom Apartments

Live Oaks Apartments

906 Broad StMurray, KY 42071
  • Utilities Included

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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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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Lone Oak Villas
2 Bedroom Apartments

Lone Oak Villas

710 Lone Oak RdPaducah, KY 42003
  • Utilities Included
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Little River Landings
1 to 3 Bedroom Apartments

Little River Landings

1101 Pyle LnHopkinsville, KY 42240
  • Utilities Included
property at 542 Ashe Ave

$800

2 Bedroom Rentals

Available Now

542 Ashe Ave

New JohnsonvilleTN37134
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Liberty Homes
2 Bedroom Apartments

Liberty Homes

160 State Line RdClarksville, TN 37042
  • 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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Kirkman Terrace
1 to 2 Bedroom Apartments

Kirkman Terrace

100 Croft StHopkinsville, KY 42240
Senior Living
  • Utilities Included
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1655 Evans Rd
2 Bedroom Apartments

1655 Evans Rd

1655 Evans RdClarksville, TN 37042

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Murray, KY Local Guide

Cheapest Available Murray Apartments for Rent and Nearby

 

The cheapest available apartment rental in Murray, KY is a Studio unit found at Royal Ridge priced from $600. Slate Run has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here is today’s list of the most affordable Murray apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Royal RidgeRoyal Ridge-0-1-408Studio,1BA$600
Slate RunStudioStudio,1BA$649
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$650
Senior Community-Franklin Place Apartments1 Bedroom1BR,1BA$675
PENNYRILE SENIOR APARTMENTS1 Bedroom 1 Bathroom1BR,1BA$699
1631 S Main StOne Bed1BR,1BA$750
Newton Place1Bed-1Bath1BR,1BA$775
Jackson House1 Bedroom - Jackson House1BR,1BA$781
Oak Tree Farms1 Bedroom, 1 Bath1BR,1BA$830
Kirkman Terrace2 Bedroom2BR,1BA$856

Best Value Apartments for Rent in Murray, KY and Nearby

As of April 15, 2026 the best value apartment in the Murray area is the $1.06 price per square foot 2 Bedroom | 2 Bath Model at The Lory of Greenway Village in the starting from $1,325. The second greatest value Murray apartment is the Rose Edd Model at 120 Rose Edd Blvd starting at $1,350 with a $1.09 price per square foot . Here is today’s list of the best values for Murray apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Lory of Greenway Village2 Bedroom | 2 Bath2BR,2BA$1.06
120 Rose Edd BlvdRose Edd2BR,2BA$1.09
PARK VILLAGE OF PARIS4 Bedroom 2 Bathroom4BR,2BA$1.03
Wilshire Townhomes2BR2BR,1.5BA$0.95
Post Edge2 Beds, 1.5 Baths2BR,1.5BA$1.10
Morris Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.89
Kirkman Terrace2 Bedroom2BR,1BA$0.96
1631 S Main StTwo Bed 1 Bath2BR,1BA$1.09
Senior Community-Franklin Place Apartments1 BDR1BR,1BA$0.84
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$0.96

10 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.

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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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The 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.

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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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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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Best Local Schools in
Murray, KY

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Murray, KY Rentals by Map

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See the most popular apartments and homes in Murray, KY

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Frequently Asked Questions about Cheap Murray Apartments

What is the Cheapest Studio apartment in Murray?

Currently the most affordable Cheap Studio Apartment in Murray is at Royal Ridge listed at $600.

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

The lowest price for a Cheap One Bedroom Murray Apartment is $650 at Bee Creek Crossing (Senior Apartments 55+).

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

Today's best deal for a Cheap Two Bedroom Apartment in Murray is starting from $800 at Bee Creek Crossing (Senior Apartments 55+).

What is the most affordable Murray Three Bedroom Apartment?

The best deal on a cheap Murray Three Bedroom Apartment rental is at PARK VILLAGE OF PARIS and starts from $1,090.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.