Cheap Apartments for Rent in Prospect, PA from $500 (22 Rentals)

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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.

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Boundary Lofts
1 to 3 Bedroom Apartments

Boundary Lofts

1009 N Boundary RdCranberry Township, PA 16066
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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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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.

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 Whitestone Village priced from $725. Madison Grove has the second lowest priced unit, which is a 2 Beds apartment currently listed from $832. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Whitestone Village1 Bed, 1 bath1BR,1BA$725
Madison Grove2 Bedroom Unit2BR,1BA$832
Woodlands (PA)Studio OStudio,1BA$885
Colonial Oaks ApartmentsOne Bedroom Apartment1BR,1BA$895
Jennie Gardens Apartments2bed/2 bath updated2BR,2BA$963

Best Value Apartments for Rent in Prospect, PA and Nearby

As of November 08, 2025 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 $635 with a $0.35 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$0.35
Wynnwood at Freedom Road3x2.53BR,2.5BA$1.27
The Pointe at Adams RidgeRoyal Ashley2BR,2BA$1.40
Eden Square2 Bedroom Corner2BR,2BA$1.52
University Village at Slippery Rock2BR/2BA2BR,2BA$0.72
Madison Grove2 Bedroom Unit2BR,1.5BA$0.98
Jennie Gardens Apartments3 BD / 2BA (Updated)3BR,2BA$1.49
Whitestone Village1 Bed, 1 bath1BR,1BA$1.12
Colonial Oaks ApartmentsOne Bedroom Apartment1BR,1BA$1.48

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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

Explore Prospect, PA Rentals by Map

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Getting Around Prospect, PA

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

24 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $885.

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

The lowest price for a Cheap One Bedroom Prospect Apartment is $725 at Whitestone Village.

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 $832 at Madison Grove.

What is the most affordable Prospect Three Bedroom Apartment?

The best deal on a cheap Prospect Three Bedroom Apartment rental is at Jennie Gardens Apartments and starts from $1,190.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.