
Cheap Apartments for Rent in Owensboro, KY from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Owensboro.


633 Princeton Pkwy, Unit #2

1301 Bowie Trail, Unit APT B

3129 Burlew Blvd
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.

Legion Park & Heartwood Court Apartments

Keystone Apartments
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.
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.
Owensboro, KY Local Guide

How much does it cost to rent an apartment in Owensboro?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Owensboro 1 Bedroom Apartments | $907 | $580 | $1,250 |
| Cheap Owensboro 2 Bedroom Apartments | $1,034 | $695 | $1,555 |
| Cheap Owensboro 3 Bedroom Apartments | $1,478 | $1,395 | $1,599 |
Browse Top Apartments in Owensboro
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Owensboro, KY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $675 |
| Legion Park & Heartwood Court Apartments | Legion 1 Bed | 1BR,1BA | $750 |
| Keystone Apartments | 1 Bedroom | 1BR,1BA | $779 |
Best Value Apartments for Rent in Owensboro, KY
As of December 30, 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 3406 Wandering Ln Model at 3406 Wandering Ln, Unit B starting at $795 with a $0.89 price per square foot . Here is today’s list of the best values for Owensboro apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Royal Arms of Owensboro | 3 Bedroom 2 Bath | 3BR,2BA | $0.95 |
| 3406 Wandering Ln, Unit B | 3406 Wandering Ln | 2BR,1BA | $0.89 |
| 316 Martin Way, Unit B | 316 Martin Way | 2BR,2BA | $1.00 |
| 3900 Brentwood Dr, Unit 2 | 3900 Brentwood Dr | 2BR,2BA | $0.95 |
| 4122 Benttree Dr, Unit B | 4122 Benttree Dr | 2BR,1BA | $0.95 |
| 3101 Burlew Blvd, Unit A | 3101 Burlew Blvd | 2BR,1BA | $0.98 |
| Kingston Square Apartments | Two Bedroom | 2BR,1BA | $1.02 |
| 633 Princeton Pkwy, Unit #2 | 633 Princeton Pkwy | 2BR,1BA | $0.89 |
| Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $0.96 |
| 2886 Legion Park Dr, Unit 1 | 2886 Legion Park Dr | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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.
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.
Best Local Schools in Owensboro, KY
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Owensboro, KY Rentals by Map
See the most popular apartments and homes in Owensboro, KY
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 $815 at Kingston Square 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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!








