114 Collins St
IrvineKY40336
Cheap Homes for Rent near Preston, KY from $600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Preston.
14 A St
WinchesterKY40391
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.
4617 US-60
MoreheadKY40351
1221 Arlington Dr
ParisKY40361
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.
2160 Sharkey Rd
MoreheadKY40351
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Preston, KY Local Guide
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How much does it cost to rent a home in Preston?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preston 2 Bedroom Homes for Rent | $1,350 | $1,350 | $1,350 |
| Preston 3 Bedroom Homes for Rent | $1,691 | $1,195 | $2,500 |
| Preston 4 Bedroom Homes for Rent | $2,876 | $2,300 | $3,900 |
| Preston 5 Bedroom Homes for Rent | $3,199 | $2,900 | $3,499 |
Browse Top Homes for Rent in Preston
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Preston, KY Local Guide
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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. Shawnee Trail Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $741. Here is today’s list of the most affordable Preston apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McGinnis Properties | Townhome | 2BR,1BA | $700 |
| Shawnee Trail Apartments | One Bedroom | 1BR,1BA | $741 |
| Williamsburg Terrace | One Bedroom-Rent Based on Income | 1BR,1BA | $755 |
Best Value Apartments for Rent in Preston, KY and Nearby
As of July 14, 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 New Cottage/Two Car Garage Model at Legacy Lake Apartments starting at $2,100 with a $1.40 price per square foot . Here is today’s list of the best values for Preston apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| McGinnis Properties | Townhome | 2BR,1.5BA | $0.46 |
| Legacy Lake Apartments | New Cottage/Two Car Garage | 3BR,2BA | $1.40 |
| Top Notch Townhomes & Storage | Top Notch Rentals | 2BR,1.5BA | $0.94 |
| Parkside Heights | 1B 1B | 1BR,1BA | $1.54 |
| Garden Estates | One Bedroom | 1BR,1BA | $1.46 |
| Gleneagles | Two Bedroom | 2BR,2BA | $1.33 |
| Townhomes & Flats at MSU | Gold Flat 2 Bedroom 1 | 2BR,1BA | $1.35 |
| The Resort Apartments | 1BD/ 1 BA | 1BR,1BA | $1.47 |
| 320 Clintonville Rd | 2BR 1BA | 2BR,1BA | $1.59 |
| Shawnee Trail Apartments | One Bedroom | 1BR,1BA | $1.41 |
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 Article
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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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.
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See the most popular apartments and homes in Preston, KY
Frequently Asked Questions about Preston
What type of rentals are currently available in Preston?
There are currently 39 Apartments for Rent in Preston, KY with pricing that ranges from $650 to $4,305. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston ranging from $657 to $3,900.
What is the current price range for Rental Homes in Preston?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Preston ranges from $657 to $3,900 with an average monthly rent of $1,954.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.