Cheap Apartments for Rent in Owensboro, KY from $400 (14 Rentals)

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

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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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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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 Ambassador Villas priced from $675. Legion Park & Heartwood Court Apartments 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
Ambassador VillasAmbassador 1 BD1BR,1BA$675
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
Kingston Square ApartmentsTwo Bedroom2BR,1BA$815
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$1,330
Bluegrass VillasCarter2BR,2BA$1,435

Best Value Apartments for Rent in Owensboro, KY

As of June 28, 2025 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 Carter Model at Bluegrass Villas starting at $1,435 with a $1.21 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
Bluegrass VillasCarter2BR,2BA$1.21
3105 Wandering Ln3105 Wandering Ln2BR,1BA$0.90
4048 Benttree Dr, Unit C4048 Benttree Dr2BR,1BA$0.83
Kingston Square ApartmentsTwo Bedroom2BR,1BA$1.02
633 Princeton Pkwy, Unit 2633 Princeton Pkwy2BR,1BA$1.01
703 Princeton Pkwy, Unit #16703 Princeton Pkwy2BR,1BA$1.01
Ambassador VillasAmbassador 1 BD1BR,1BA$0.96
3301 W 2nd St, Unit 23301 W 2nd St1BR,1BA$1.14
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$1.25

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Best Local Schools in
Owensboro, KY

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Remember the 3 Rules of Real Estate:
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Explore Owensboro, KY Rentals by Map

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See the most popular apartments and homes in Owensboro, KY

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Getting Around Owensboro, KY

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $675 at Ambassador Villas.

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 $800 at Ambassador Villas.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.