Cheap Apartments for Rent in Prospect, PA from $500 (27 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
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.

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.

Read Article
close
View Me
Boundary Lofts
1 to 3 Bedroom Apartments

Boundary Lofts

1009 N Boundary RdCranberry Township, PA 16066

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
close
View Me
Madison Grove
1 to 4 Bedroom Apartments

Madison Grove

331 Grove City RdSlippery Rock, PA 16057
  • Utilities Included
close
View Me
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.

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 1-27, 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 Sylvan Ridge Apartments priced from $735. Jennie Gardens Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $920. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sylvan Ridge Apartments1 Bed / 1 Bath (Fireplace)1BR,1BA$735
Jennie Gardens Apartments2 BD / 1 BA2BR,1BA$920
Mayfield Village2 Beds, 1.5 baths2BR,1BA$1,000
Laurelwood Apartments and Townhouses1x1-6501BR,1BA$1,120
Chatham Commons of Cranberry1x11BR,1BA$1,200
Forest Heights Apartments2 bedroom2BR,1BA$1,200
Colonial Oaks ApartmentsTwo Bedroom Apartment2BR,1BA$1,200
The Estates at Seven FieldsSmall - 1 Bdrm1BR,1BA$1,275
Christopher Wren Apartments and TownhomesOne Bedroom- 895 sqft1BR,1BA$1,480
Units within Foxmoor Condominiums2 Bed2BR,2BA$1,500

Best Value Apartments for Rent in Prospect, PA and Nearby

As of June 24, 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
Reserve at Cranberry Springs2 Bedroom w/ Den2BR,2BA$1.40
Units within Foxmoor Condominiums2 Bed2BR,2BA$1.17
Campus Side Apartments4 Bed / 1.5 Bathroom4BR,1.5BA$0.29
South Rock Apartments2 Beds, 2 baths2BR,2BA$0.57
Sylvan Ridge ApartmentsNo Rent Payment Before January 2025 Special2BR,1BA$1.01
University Village at Slippery Rock (new)2BR/2BA2BR,2BA$0.72
Mayfield Village2 Beds, 1.5 baths2BR,1.5BA$1.18
Jennie Gardens Apartments2 BD / 2 BA2BR,2BA$1.40

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

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

Explore Prospect, PA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Prospect, PA

View Map
Prospect, PA Apartments Map
View Map
Prospect, PA Rental Homes Map

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 $735 at Sylvan Ridge 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 $910 at Sylvan Ridge Apartments.

What is the most affordable Prospect Three Bedroom Apartment?

The best deal on a cheap Prospect Three Bedroom Apartment rental is at Colonial Oaks Apartments and starts from $1,400.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.