Cheap Homes for Rent in Prospect, KY from $1,300 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes 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
Showing Results 1-7, Page 1 of 1

Prospect, KY Local Guide

Cheapest Available Prospect Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prospect, KY is a 1 Bed unit found at Hidden Creek in the Oak Park neighborhood priced from $955. Springhurst East Apartments in the Outer East End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $965. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hidden CreekOne Bed One Bath 8501BR,1BA$955
Springhurst East Apartments1 Bedroom Gold1BR,1BA$965
Lighthouse Apartments1 Bedroom, 1 Bathroom1BR,1BA$980

Best Value Apartments for Rent in Prospect, KY and Nearby

As of September 09, 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 Avalon Model at Springhouse starting at $1,618 with a $1.32 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
SpringhouseAvalon2BR,2BA$1.32
Rivers Edge Residences2 Beds, 2 baths2BR,2BA$1.10
Wolf Run Park2Bedroom/2Bathroom 1084 sqft2BR,2BA$1.05
Rolling HillsThe Splendor1BR,1BA$1.18
Westport Woods2 bed 2 Bath2BR,2BA$1.24
Stonewater ApartmentsB3R2BR,2BA$1.31
Hidden CreekTwo Bed One Bath 9502BR,1BA$1.24
Ashton Brook2X12BR,1BA$1.23
Beech Grove ApartmentsThe Jefferson2BR,2BA$1.21

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 #17

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

Frequently Asked Questions about Prospect

What type of rentals are currently available in Prospect?

There are currently 48 Apartments for Rent in Prospect, KY with pricing that ranges from $810 to $4,100. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect ranging from $1,300 to $10,000.

What is the current price range for Rental Homes in Prospect?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect ranges from $1,300 to $10,000 with an average monthly rent of $4,054.

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.