Cheap Homes for Rent in Owensboro, KY from $500 (9 Rentals)

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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.

property at 2248 Boarman Dr

2248 Boarman Dr

OwensboroKY42301

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.

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

Best Value Apartments for Rent in Owensboro, KY

As of September 19, 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 Baker Model at Bluegrass Villas starting at $1,395 with a $1.29 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 VillasBaker2BR,2BA$1.29
2941 Frederica St, Unit A2941 Frederica St2BR,2BA$1.40
4116 Benttree Dr, Unit A4116 Benttree Dr2BR,1BA$0.95
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 43301 W 2nd St2BR,1BA$1.25
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$1.25

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

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Frequently Asked Questions about Owensboro

What type of rentals are currently available in Owensboro?

There are currently 60 Apartments for Rent in Owensboro, KY with pricing that ranges from $675 to $2,500. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Owensboro ranging from $595 to $3,995.

What is the current price range for Rental Homes in Owensboro?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Owensboro ranges from $595 to $3,995 with an average monthly rent of $1,924.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.