Cheap Apartments for Rent in Prospect, KY from $600 (44 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-44, 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 Sova in the Outer East End neighborhood priced from $899. The Woods Apartments in the Oak Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $919. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sova1 Bedroom1BR,1BA$899
The Woods Apartments1 BD 1 BA1BR,1BA$919
Springhurst East Apartments1 Bedroom Gold1BR,1BA$945
Lighthouse Apartments1 Bedroom, 1 Bathroom1BR,1BA$980
Stonebridge ApartmentsSecond Floor 1Bed/1Bath1BR,1BA$995
Ashton Brook1X11BR,1BA$1,049
Rolling HillsThe Majestic2BR,1BA$1,117
Prospect Park ApartmentsA11BR,1BA$1,122
Autumn Ridge Apartments2 Bedroom 2 Bathroom2BR,2BA$1,125
Summit Place ApartmentsNew Madison 1st Floor1BR,1BA$1,125

Best Value Apartments for Rent in Prospect, KY

As of September 15, 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 B - Birchwood Model at Maple Brook Apartments starting at $1,352 with a $1.10 price per square foot in the Outer East End 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
Maple Brook ApartmentsB - Birchwood2BR,2BA$1.10
Rivers Edge Residences2 Beds, 2 baths2BR,2BA$1.10
Autumn Ridge Apartments2 Bedroom 2 Bathroom2BR,2BA$1.00
Rolling HillsThe Splendor1BR,1BA$1.22
Westport Woods2 bed 2 Bath2BR,2BA$1.24
The Legends ApartmentsB2BR,2BA$1.29
Stonewater ApartmentsB3R2BR,2BA$1.31
Hidden CreekTwo Bed One Bath 9502BR,1BA$1.20
Stonebridge ApartmentsFirst Floor 1Bed/1Bath1BR,1BA$1.26

Quick 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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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

Explore Prospect, KY Rentals by Map

Decorative image of map

See the most popular apartments and homes in Prospect, KY

View Map
Prospect, KY Apartments Map
View Map
Prospect, KY Rental Homes Map

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 $1,099 at Sova.

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 $1,409.

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.

decorative image for The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.