Cheap Apartments for Rent in Owenton, KY from $500 (48 Rentals)

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

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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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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ColaCommons
2 to 3 Bedroom Apartments

ColaCommons

80 Frankfort RdShelbyville, KY 40065
  • Utilities Included
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Haven Crossing
1 to 2 Bedroom Apartments

Haven Crossing

12800 Towne Center DrWalton, KY 41094
Senior Living

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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property at 135 Willis Ave

$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

135 Willis Ave

FrankfortKY40601
Showing Results 1-48, Page 1 of 1

Owenton, KY Local Guide

Cheapest Available Owenton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Owenton, KY is a Studio unit found at Riverview Apartments priced from $584. The Rickhouse has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Owenton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsStudioStudio,1BA$584
The Rickhouse1 Bed, 1 bath1BR,1BA$725
903 Crosshill DrOne Bedroom1BR,1BA$795
216 Briar Cliff St1 Bedroom1BR,1BA$795
Gwen Gardens ApartmentsOne Bedroom1BR,1BA$810
Juniper Hills ApartmentsStudioStudio,1BA$845
Winthrop CourtOne Bed One Bath Standard1BR,1BA$860
Huntley Ridge East at Georgetown Rd1 BR Garden - Georgetown Road1BR,1BA$875
Huntley Ridge East at Forest HillOne Bedroom1BR,1BA$875
Huntley Ridge East at Hanley Ln.1 Bedroom1BR,1BA$875

Best Value Apartments for Rent in Owenton, KY and Nearby

As of May 07, 2026 the best value apartment in the Owenton area is the $1.15 price per square foot 2 BR 1.5 Bath with Basement Model at Ravenwood Glen in the starting from $1,650. The second greatest value Owenton apartment is the 2 bedroom 2 bathroom front to back Model at Affinity of Union starting at $1,565 with a $1.26 price per square foot in the French Quarter at Orleans neighborhood. Here is today’s list of the best values for Owenton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ravenwood Glen2 BR 1.5 Bath with Basement2BR,1.5BA$1.15
Affinity of Union2 bedroom 2 bathroom front to back2BR,2BA$1.26
Willowbrooke Apartments2 Beds, 2 baths2BR,2BA$1.17
200 Riverview Dr1BR/1BA1BR,1BA$1.10
Haven Crossing2 Bedroom2BR,1BA$1.22
Huntley Ridge East at Forest HillOne Bedroom1BR,1BA$1.17
Huntley Ridge East at Hanley Ln.1 Bedroom1BR,1BA$1.17
Gwen Gardens ApartmentsOne Bedroom1BR,1BA$1.31
903 Crosshill DrOne Bedroom1BR,1BA$1.33
The Rickhouse1 Bed, 1 bath1BR,1BA$1.21

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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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.

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Owenton, KY

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Frequently Asked Questions about Cheap Owenton Apartments

What is the Cheapest Studio apartment in Owenton?

Currently the most affordable Cheap Studio Apartment in Owenton is at Riverview Apartments listed at $584.

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

The lowest price for a Cheap One Bedroom Owenton Apartment is $628 at Riverview Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Owenton is starting from $925 at Riverview Apartments.

What is the most affordable Owenton Three Bedroom Apartment?

The best deal on a cheap Owenton Three Bedroom Apartment rental is at Overlook at Elkhorn Creek and starts from $1,221.

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.

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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.

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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.