Cheap Apartments for Rent in Prospect, PA from $500 (28 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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Cooper Street Apartments
2 to 3 Bedroom Apartments

Cooper Street Apartments

227 W Cooper StSlippery Rock, PA 16057
Student Housing
  • Utilities Included

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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Madison Grove
1 to 4 Bedroom Apartments

Madison Grove

331 Grove City RdSlippery Rock, PA 16057
  • Utilities Included

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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Showing Results 1-28, Page 1 of 1

Prospect, PA Local Guide

Cheapest Available Prospect Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prospect, PA is a 1 Bed unit found at Forest Heights Apartments priced from $1,000. Mayfield Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,000. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forest Heights Apartments1 bedroom1BR,1BA$1,000
Mayfield Village2 Beds, 1.5 baths2BR,1BA$1,000
Boundary LoftsTwo Bedroom2BR,1BA$1,050
Woodlands (PA)Studio One Bath OpenStudio,1BA$1,050
Madison Grove2 Bedroom Unit2BR,1BA$1,073
Colonial Oaks ApartmentsTwo Bedroom Apartment2BR,1BA$1,100
Meadow BrookThe Solitaire1BR,1BA$1,105
Laurelwood Apartments and Townhouses1x1-6501BR,1BA$1,120
Chatham Commons of Cranberry1 BedroomStudio,1BA$1,130
Stone Brook ApartmentsOne Bedroom1BR,1BA$1,236

Best Value Apartments for Rent in Prospect, PA and Nearby

As of May 08, 2026 the best value apartment in the Prospect area is the $0.95 price per square foot Two Bedroom Fully Upgraded Model at Pineloch Estates Apartments in the starting from $1,800. The second greatest value Prospect apartment is the 4 Bedroom 4.5 Bath Model at The Heights at Slippery Rock starting at $645 with a $0.36 price per square foot . 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.
Pineloch Estates ApartmentsTwo Bedroom Fully Upgraded2BR,1.5BA$0.95
The Heights at Slippery Rock4 Bedroom 4.5 Bath4BR,4.5BA$0.36
Units within Foxmoor Condominiums3 Bed3BR,2BA$1.08
Campus Side Apartments4 Bed / 1.5 Bathroom4BR,1.5BA$0.29
South Rock Apartments2 Beds, 2 baths2BR,2BA$0.57
University Village at Slippery Rock (new)2BR/2BA2BR,2BA$0.72
Boundary LoftsTwo Bedroom2BR,1BA$1.19
Mayfield Village2 Beds, 1.5 baths2BR,1.5BA$1.18
Madison Grove2 Bedroom Unit2BR,1.5BA$1.27
Colonial Oaks ApartmentsTwo Bedroom Apartment2BR,1BA$1.47

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

Explore Prospect, PA Rentals by Map

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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 Woodlands (PA) listed at $1,050.

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

The lowest price for a Cheap One Bedroom Prospect Apartment is $1,000 at Forest Heights 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 $1,000 at Mayfield Village.

What is the most affordable Prospect Three Bedroom Apartment?

The best deal on a cheap Prospect Three Bedroom Apartment rental is at Boundary Lofts and starts from $1,085.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.