Cheap Apartments for Rent in Preston, KY from $700 (47 Rentals)

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

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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Flats at 2875
Rent Specials
$945 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$470 - $920
Required Monthly Fees
$475
Total Monthly Price
$945 - $1,395
Studio to 2 Bedroom Apartments Available Now

Flats at 2875

2875 Palumbo DrLexington, KY 40509
Affordability
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  • Customer Reviewed
  • 3D Tour
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The Resort Apartments
$1,045 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $1,245
Required Monthly Fees
$100
Total Monthly Price
$1,045 - $1,345
1 to 2 Bedroom Apartments Available Now

The Resort Apartments

743 Benson DrRichmond, KY 40475
Student Housing
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Williams Estates Apartments
$1,089 - $1,414
Total Monthly Price

Total Monthly Price

Base Rent
$1,064 - $1,389
Required Monthly Fees
$25
Total Monthly Price
$1,089 - $1,414
1 to 2 Bedroom Apartments Available Now

Williams Estates Apartments

2005 John Stuart DrMount Sterling, KY 40353
Corporate Housing
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  • Customer Reviewed
  • Utilities Included

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Springs At Hamburg
Rent Specials
$1,327 - $7,179
Total Monthly Price

Total Monthly Price

Base Rent
$1,191 - $7,043
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Springs At Hamburg

2151 Meeting StLexington, KY 40509
Corporate Housing
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  • Utilities Included

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The Avery
Rent Specials
$1,474 - $2,354
Total Monthly Price

Total Monthly Price

Base Rent
$1,474 - $2,354
Total Monthly Price
$1,474 - $2,354
1 to 3 Bedroom Apartments Available Now

The Avery

6600 Man O War BlvdLexington, KY 40509
Pet Friendly
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Garden Estates
1 to 3 Bedroom Apartments

Garden Estates

4176 Todds RdLexington, KY 40509
Corporate Housing

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7 North Main
1 to 2 Bedroom Apartments

7 North Main

7 N Main StWinchester, KY 40391
Showing Results 1-47, Page 1 of 1

Preston, KY Local Guide

Cheapest Available Preston Apartments for Rent and Nearby

 

The cheapest available apartment rental in Preston, KY is a 2 Beds unit found at McGinnis Properties priced from $700. East Ridge Apartments 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 Preston apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McGinnis PropertiesTownhome2BR,1BA$700
East Ridge ApartmentsOne Bedroom1BR,1BA$725
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$741
Williamsburg TerraceOne Bedroom-Rent Based on Income1BR,1BA$755
Ty Lane Apartments1 Bedroom (600sqft)1BR,1BA$850
Studio 28 Apartments1BR/1.0BA1BR,1BA$899
Top Notch Townhomes & StorageTop Notch Rentals2BR,1BA$900
Summit Apartments2 Bed 1 Bath W/D HK2BR,1BA$900
Steeplechase ApartmentsA21BR,1BA$970
Townhomes & Flats at MSUBlue Flat2BR,1BA$995

Best Value Apartments for Rent in Preston, KY and Nearby

As of April 07, 2026 the best value apartment in the Preston area is the $0.46 price per square foot Townhome Model at McGinnis Properties in the starting from $700. The second greatest value Preston apartment is the B3 Burton - 2 Bedroom, 1.5 Bathroom Model at Hamburg Farms starting at $1,751 with a $1.30 price per square foot in the Liberty Area neighborhood. Here is today’s list of the best values for Preston apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
McGinnis PropertiesTownhome2BR,1.5BA$0.46
Hamburg FarmsB3 Burton - 2 Bedroom, 1.5 Bathroom2BR,1.5BA$1.30
Lofts of Winchester3BR/1.0BA3BR,1BA$1.14
Williams Estates ApartmentsTwo Bedroom2BR,1BA$1.15
Top Notch Townhomes & StorageTop Notch Rentals2BR,1.5BA$0.94
GleneaglesTwo Bedroom2BR,2BA$1.33
The Resort ApartmentsOne Bedroom1BR,1BA$1.16
East Ridge ApartmentsOne Bedroom1BR,1BA$0.81
Townhomes & Flats at MSUBlue Flat2BR,1BA$1.20
Summit Apartments2 BD/1.5 BA2BR,1.5BA$1.30

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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

Explore Preston, KY Rentals by Map

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Frequently Asked Questions about Cheap Preston Apartments

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

The lowest price for a Cheap One Bedroom Preston Apartment is $725 at East Ridge Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Preston is starting from $700 at McGinnis Properties.

What is the most affordable Preston Three Bedroom Apartment?

The best deal on a cheap Preston Three Bedroom Apartment rental is at Shawnee Trail Apartments and starts from $1,042.

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

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.