Cheap Apartments for Rent in Prospect, KY from $600 (24 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 Lighthouse Apartments in the Oak Park neighborhood priced from $980. Stonebridge Apartments in the Oak Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lighthouse Apartments1 Bedroom, 1 Bathroom1BR,1BA$980
Stonebridge ApartmentsSecond Floor 1Bed/1Bath1BR,1BA$995
Rolling HillsThe Majestic2BR,1BA$999
Sova1 Bedroom1BR,1BA$1,099
Autumn Ridge Apartments2 Bedroom 2 Bathroom2BR,2BA$1,125

Best Value Apartments for Rent in Prospect, KY

As of July 31, 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
Wolf Run Park2Bedroom/2Bathroom 1084 sqft2BR,2BA$1.05
Rolling HillsThe Splendor1BR,1BA$1.04
Westport Woods2 bed 2 bath2BR,2BA$1.24
Prospect Park ApartmentsB12BR,2BA$1.31
Springhurst East Apartments2 Bedroom Gold Premium2BR,1BA$1.26
Hidden CreekOne Bed One Bath 8501BR,1BA$1.33
Stonebridge ApartmentsFirst Floor 1Bed/1Bath1BR,1BA$1.26

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Pet Friendly Lifestyle
Prospect, KY

Ranked #19

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!

Explore Prospect, KY Rentals by Map

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See the most popular apartments and homes in Prospect, KY

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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

What is the Cheapest Studio apartment in Prospect?

Currently the most affordable Cheap Studio Apartment in Prospect is at Livano Springdale listed at $1,521.

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

The lowest price for a Cheap One Bedroom Prospect Apartment is $980 at Lighthouse 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 $999 at Rolling Hills.

What is the most affordable Prospect Three Bedroom Apartment?

The best deal on a cheap Prospect Three Bedroom Apartment rental is at Countrybrook Apartments and starts from $1,439.

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

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.