Cheap Apartments for Rent in Prospect, KY from $600 (27 Rentals)

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

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Prospect, KY Local Guide

Cheapest Available Prospect Apartments for Rent

 

The cheapest available apartment rental in Prospect, KY is a 1 Bed unit found at Sova in the Outer East End neighborhood priced from $899. Heathmoore in the Outer East End neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $910. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sova1 Bedroom1BR,1BA$899
HeathmooreStudio SStudio,1BA$910
Lighthouse Apartments1 Bedroom, 1 Bathroom1BR,1BA$980
Countrybrook Apartments1 Bed 1 Bath Apartment1BR,1BA$989
Stonebridge ApartmentsFirst Floor 1Bed/1Bath1BR,1BA$995
Westport Woods2 Bed 1 Bath2BR,1BA$995
Wolf Run Park2Bedroom/2Bathroom 986 sqft2BR,2BA$995
Rolling HillsThe Majestic2BR,1BA$1,019
Hidden CreekTwo Bed One Bath 9502BR,1BA$1,040
Ashton Brook1X11BR,1BA$1,049

Best Value Apartments for Rent in Prospect, KY

As of November 01, 2025 the best value apartment in the Prospect area is the $1.12 price per square foot 3 Bedroom, 2 Bathroom Model at Lighthouse Apartments in the in the Oak Park neighborhood starting from $1,450. The second greatest value Prospect apartment is the 2 Beds, 2 baths Model at Rivers Edge Residences starting at $1,250 with a $1.10 price per square foot in the Harrods Creek neighborhood. Here is today’s list of the best values for Prospect apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lighthouse Apartments3 Bedroom, 2 Bathroom3BR,2BA$1.12
Rivers Edge Residences2 Beds, 2 baths2BR,2BA$1.10
Autumn Ridge Apartments2 Bedroom 2 Bathroom2BR,2BA$1.00
Rolling HillsThe Splendor1BR,1BA$1.22
Hidden CreekOne Bed One Bath 10501BR,1BA$1.16
Westport Woods2 bed 2 Bath2BR,2BA$1.24
Stonewater ApartmentsBR2BR,1BA$1.18
Wolf Run Park2Bedroom/2Bathroom 986 sqft2BR,2BA$1.01
Springhurst East Apartments2 Bedroom Gold Premium2BR,1BA$1.16
Beech Grove ApartmentsThe Jefferson2BR,2BA$1.21

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Pet Friendly Lifestyle
Prospect, KY

Ranked #13

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

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Getting Around Prospect, KY

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

10 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $899 at Sova.

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 $995 at Westport Woods.

What is the most affordable Prospect Three Bedroom Apartment?

The best deal on a cheap Prospect Three Bedroom Apartment rental is at Westport Woods and starts from $1,395.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.