
Cheap Apartments for Rent near Olympia, KY from $339 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in Olympia.


Morrow Rentals

McGinnis Properties

Total Monthly Price
East Ridge Apartments

Shawnee Trail Apartments

Williamsburg Terrace

Summit Apartments

Ty Lane Apartments
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.

Vines at Saddlebrook

Studio 28

Polo Club Park - Senior/Affordable Housing

Flats at 2875

Townhomes & Flats at MSU

Gleneagles

Sunrise Suites

Top Notch Townhomes & Storage
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.

The Resort Apartments

The Lofts at Winchester

320 Clintonville Rd

Total Monthly Price
Williams Estates Apartments

Bourbon Hills

Legacy Lake Apartments

Total Monthly Price
Steeplechase Apartments

Reserve at Hamburg
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.

Brighton 3050

Colts Run

Springs At Hamburg

126 Bourbon Hills Dr

818 High St

1088 Merrick Dr

348 Davis Ct

206 E Hickman St
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.

SPECIALS: The Reserve & Enclave at Fairholme

108 Estonia Dr

122 Estonia Dr
Olympia, KY Local Guide

How much does it cost to rent an apartment in Olympia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olympia Studio Apartments | $1,250 | $339 | $1,531 |
| Olympia 1 Bedroom Apartments | $1,407 | $393 | $2,643 |
| Olympia 2 Bedroom Apartments | $1,652 | $495 | $2,728 |
| Olympia 3 Bedroom Apartments | $1,936 | $534 | $4,042 |
Browse Top Apartments in Olympia
See all Apartments in OlympiaExplore Olympia
Olympia, KY Local Guide
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Cheapest Available Olympia Apartments for Rent and Nearby
 The cheapest available apartment rental in Olympia, KY is a Studio unit found at Housing Authority of Paris in the Bourbon County neighborhood priced from $339. McGinnis Properties has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Olympia apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Housing Authority of Paris | Studio - 1 Bath | Studio, 1BA | $339 |
| McGinnis Properties | Townhome | 2BR, 1BA | $700 |
| East Ridge Apartments | One Bedroom | 1BR, 1BA | $725 |
| Shawnee Trail Apartments | One Bedroom | 1BR, 1BA | $741 |
| Williamsburg Terrace | One Bedroom-Rent Based on Income | 1BR, 1BA | $755 |
| Ty Lane Apartments | 1 Bedroom (630sqft) | 1BR, 1BA | $800 |
| Studio 28 | 0BR/1.0BA | Studio, 1BA | $814 |
| Vines at Saddlebrook | 3 x 1 | 3BR, 1BA | $935 |
| Flats at 2875 | Newly-Renovated Studio Apartments! | Studio, 1BA | $950 |
| Sunrise Suites | Suite | Studio, 1BA | $995 |
Best Value Apartments for Rent in Olympia, KY and Nearby
As of September 16, 2026 the best value apartment in the Olympia area is the $0.46 price per square foot Townhome Model at McGinnis Properties starting from $700. The second greatest value Olympia apartment is the 2 BDR / 2BA Model at The Resort Apartments starting at $1,345 with a $1.22 price per square foot. Here is today’s list of the best values for Olympia apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| McGinnis Properties | Townhome | 2BR, 1.5BA | $0.46 |
| The Resort Apartments | 2 BDR / 2BA | 2BR, 2BA | $1.22 |
| Williams Estates Apartments | Two Bedroom | 2BR, 1BA | $1.17 |
| Top Notch Townhomes & Storage | Top Notch Rentals | 2BR, 1.5BA | $1.04 |
| Vines at Saddlebrook | 3 x 1 | 3BR, 1BA | $0.98 |
| East Ridge Apartments | One Bedroom | 1BR, 1BA | $0.81 |
| The Lofts at Winchester | 2BR/1.0BA | 2BR, 1BA | $1.17 |
| Polo Club Park - Senior/Affordable Housing | 2bd | 2BR, 1BA | $1.24 |
| Ty Lane Apartments | 1 Bedroom (630sqft) | 1BR, 1BA | $1.27 |
| Housing Authority of Paris | Studio - 1 Bath | Studio, 1BA | $0.86 |
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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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 Olympia, KY Rentals by Map
See the most popular apartments and homes in Olympia, KY
Frequently Asked Questions about Cheap Olympia Apartments
What is the Cheapest Studio apartment in Olympia?
Currently the most affordable Cheap Studio Apartment in Olympia is at Housing Authority of Paris listed at $339.
How much is rent for a Cheap One Bedroom Olympia Apartment?
The lowest price for a Cheap One Bedroom Olympia Apartment is $393 at Housing Authority of Paris.
What is the lowest price for a Cheap Two Bedroom Olympia Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Olympia is starting from $495 at Housing Authority of Paris.
What is the most affordable Olympia Three Bedroom Apartment?
The best deal on a cheap Olympia Three Bedroom Apartment rental is at Housing Authority of Paris and starts from $534.
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.