
Cheap 1 Bedroom Apartments for Rent in Prospect, KY from $825 (34 Rentals)


Lyric at Norton Commons Apartments

Norton Commons 55+ Senior Living

Beech Grove Apartments

Chamberlain Oaks

The Woods Apartments

Hidden Creek Apartment Homes

Total Monthly Price
Rolling Hills
Genius Ideas and Studio Layout Tips That Maximize Every Square Inch
Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

Lighthouse Apartments

Countrybrook Apartments

Heathmoore

Stonebridge Apartments

Stonewater Apartments

Maple Brook Apartments

The Flats at Springhurst Apartments of Louisville

Prospect Park Apartments
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

Ashton Brook

Sova

The Flats of River Ridge

The Laurel

Champion Farms

Total Monthly Price
Crowne at the Summit

Lakeside Gardens

The Legends Apartments
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.

The Louis Apartment Flats

The Jeff On 10th

Sawyer East End

Arbour Place Apartments

Aspenwood Apartments

Springhouse

Livano Springdale

3212 Lighthouse Cove
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.

Autumn Ridge Apartments

Summit Place Apartments
Prospect, KY Local Guide

How much does it cost to rent an apartment in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Studio Apartments | $1,193 | $795 | $1,463 |
Prospect 1 Bedroom Apartments | $1,372 | $825 | $2,329 |
| Prospect 2 Bedroom Apartments | $1,607 | $980 | $2,970 |
| Prospect 3 Bedroom Apartments | $1,943 | $1,200 | $3,143 |
Browse Top Apartments in Prospect
See all Apartments in ProspectExplore Prospect
Prospect, KY Local Guide
- Prospect Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleReal 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.
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.
Pet Friendly LifestyleProspect, KY
Ranked #20
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prospect, KY Rentals by Map
See the most popular apartments and homes in Prospect, KY
Frequently Asked Questions about Cheap Prospect Apartments
How much is rent for a Cheap One Bedroom Prospect Apartment?
The lowest price for a Cheap One Bedroom Prospect Apartment is $919 at The Woods Apartments.
What is the lowest price for a Cheap Two Bedroom Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $919 at The Woods Apartments.
What is the most affordable Prospect Three Bedroom Apartment?
The best deal on a cheap Prospect Three Bedroom Apartment rental is at The Woods Apartments and starts from $919.
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.
Helpful Local Expert Guides

The 10 Best Affordable Neighborhoods for Renting in Louisville, KY
Written by: Mike Heuer
Louisville, Kentucky, founded in 1778, has grown to be the largest city in Kentucky and is a terrific city situated right along the south bank of the Ohio River.

The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Written by: Mike Heuer
Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Written by: Mike Heuer
Kentucky is a business-friendly commonwealth, and Louisville is its largest city. It also is home to many great employers who pay well, and their workers have lots of great choices in neighborhoods to rent great apartments.
Articles, How-To's, and Tips

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.

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.

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.

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.