Cheap Apartments for Rent in Owensboro, KY from $400 (31 Rentals)

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

property at 3129 Burlew Blvd

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

3129 Burlew Blvd

OwensboroKY42303

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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Legacy Commons
1 to 2 Bedroom Apartments

Legacy Commons

630 Chuck Gray CtOwensboro, KY 42303
  • Utilities Included
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RNA RENTAL
1 to 3 Bedroom Apartments

RNA RENTAL

1811 Carter RdOwensboro, KY 42301

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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Showing Results 1-31, Page 1 of 1

Owensboro, KY Local Guide

Cheapest Available Owensboro Apartments for Rent

 

The cheapest available apartment rental in Owensboro, KY is a 1 Bed unit found at Legion Park & Heartwood Court Apartments priced from $750. Ambassador Villas has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Owensboro apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
Ambassador VillasAmbassador 1 BD1BR,1BA$750
East Meadows Apartment HomesEast Meadows - 2/2 - 2nd Floor (Phase 2)2BR,2BA$1,285
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$1,330

Best Value Apartments for Rent in Owensboro, KY

As of May 27, 2026 the best value apartment in the Owensboro area is the $0.95 price per square foot 3 Bedroom 2 Bath Model at Royal Arms of Owensboro in the starting from $1,330. The second greatest value Owensboro apartment is the East Meadows - 2/2 - 2nd Floor (Phase 2) Model at East Meadows Apartment Homes starting at $1,285 with a $1.25 price per square foot . Here is today’s list of the best values for Owensboro apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$0.95
East Meadows Apartment HomesEast Meadows - 2/2 - 2nd Floor (Phase 2)2BR,2BA$1.25
2325 Yewells Lndg N, Unit 2325 Yewells Landing2325 Yewells Lndg N2BR,1BA$1.06
Ambassador VillasAmbassador 1 BD1BR,1BA$1.07
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$1.25

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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Owensboro, KY
Population: 59,809

Ranked #633

in US Census Population by City

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Best Local Schools in
Owensboro, KY

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap Owensboro Apartments

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

The lowest price for a Cheap One Bedroom Owensboro Apartment is $750 at Legion Park & Heartwood Court Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Owensboro is starting from $925 at Legion Park & Heartwood Court Apartments.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.