Cheap Homes for Rent in Prospect, KY from $1,300 (11 Rentals)

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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.

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.

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 The Woods Apartments in the Oak Park neighborhood priced from $619. Countrybrook Apartments in the Harrods Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $689. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Woods Apartments1 BD 1 BA1BR,1BA$619
Countrybrook Apartments1 Bed 1 Bath Apartment1BR,1BA$689
Beech Grove ApartmentsThe Beech1BR,1BA$825
Hidden CreekOne Bed One Bath 8501BR,1BA$840
Rolling HillsThe Majestic2BR,1BA$851

Best Value Apartments for Rent in Prospect, KY

As of January 01, 2026 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$0.91
Westport Woods2 bed 2 Bath2BR,2BA$1.24
Wolf Run Park Apartments2Bedroom/2Bathroom 986 sqft2BR,2BA$1.05
Hidden CreekTwo Bed One Bath 9502BR,1BA$1.23
Stonebridge ApartmentsFirst Floor 1Bed/1Bath1BR,1BA$1.26
Ashton Brook1X11BR,1BA$1.30
The Woods Apartments1 BD 1 BA1BR,1BA$0.90
Countrybrook Apartments1Bd 1Ba w/ Washer&Dryer Hookups1BR,1BA$1.13

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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.

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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.

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The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com

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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.

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Pet Friendly Lifestyle
Prospect, KY

Ranked #21

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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Frequently Asked Questions about Prospect

What type of rentals are currently available in Prospect?

There are currently 53 Apartments for Rent in Prospect, KY with pricing that ranges from $619 to $15,720. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect ranging from $1,350 to $9,500.

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 $1,350 to $9,500 with an average monthly rent of $3,662.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.