Cheap Apartments for Rent in Prospect, KY from $600 (26 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Showing Results 1-26, Page 1 of 1

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 Chamberlain Oaks in the Langdon Place neighborhood priced from $810. Countrybrook Apartments in the Harrods Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $989. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chamberlain OaksOne Bedroom1BR,1BA$810
Countrybrook Apartments1 Bed 1 Bath Apartment1BR,1BA$989
Stonebridge ApartmentsSecond Floor 1Bed/1Bath1BR,1BA$995
Autumn Ridge Apartments1 Bedroom 1 Bathroom1BR,1BA$1,015
Beech Grove ApartmentsThe Jefferson2BR,2BA$1,050
The Woods Apartments2 TH W/D Hookups2BR,1BA$1,059
Sova1 Bedroom1BR,1BA$1,099
Lighthouse Apartments2 Bedroom, 2 Bathroom2BR,2BA$1,100
Prospect Park ApartmentsA11BR,1BA$1,116
Summit Place ApartmentsNew Madison 1st Floor1BR,1BA$1,125

Best Value Apartments for Rent in Prospect, KY

As of June 28, 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
Rolling HillsThe Splendor1BR,1BA$1.09
Westport Woods2 bed 2 Bath2BR,2BA$1.24
Hidden CreekTwo Bed One Bath 9502BR,1BA$1.24
Springhurst East Apartments2 Bedroom Gold Premium2BR,1BA$1.25
The Woods Apartments2 TH W/D Hookups2BR,1BA$1.18
Beech Grove ApartmentsThe Jefferson2BR,2BA$1.21
Stonebridge ApartmentsFirst Floor 1Bed/1Bath1BR,1BA$1.26
Chamberlain OaksOne Bedroom1BR,1BA$1.15

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Prospect, KY

Ranked #16

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 $810 at Chamberlain Oaks.

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 $930 at Chamberlain Oaks.

What is the most affordable Prospect Three Bedroom Apartment?

The best deal on a cheap Prospect Three Bedroom Apartment rental is at Chamberlain Oaks and starts from $1,200.

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.