Cheap Apartments for Rent in Somerset, KY from $595 (35 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Faith Court Townhomes
1 to 3 Bedroom Apartments

Faith Court Townhomes

235-239 E Somerset Church RdSomerset, KY 42503
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Somerset Village
1 to 3 Bedroom Apartments

Somerset Village

500 Somerset VlgSomerset, KY 42501
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Mason Greene
1 to 4 Bedroom Apartments

Mason Greene

54 Stokes CtMonticello, KY 42633
property at 136 S 10th St
$600 - $925
1 To 3 Bedroom Rentals
Available Now

136 S 10th St

WilliamsburgKY40769
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Governors Place
2 to 3 Bedroom Apartments

Governors Place

115 Governors Place LnLivingston, TN 38570
  • Utilities Included

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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Magnolia Terrace
1 Bedroom Apartments

Magnolia Terrace

222 Broad StJellico, TN 37762
Senior Living
  • Utilities Included

Somerset, KY Local Guide

Cheapest Available Somerset Apartments for Rent

 

The cheapest available apartment rental in Somerset, KY is a 2 Beds unit found at Long Run Community - Income Restricted priced from $715. Shawnee Trail Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $741. Here is today’s list of the most affordable Somerset apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Long Run Community - Income Restricted2x12BR, 1BA$715
Shawnee Trail ApartmentsOne Bedroom1BR, 1BA$741
Town Pointe ApartmentsStudioStudio, 1BA$795
Ty Lane Apartments1 Bedroom (630sqft)1BR, 1BA$800
Fry Estates ApartmentsTwo Bedroom One Bathroom2BR, 1BA$895
1040 Brandy LnTwo Bed2BR, 1BA$900
Vines at Saddlebrook3 x 13BR, 1BA$935
Ashton on Main2 Bedroom2BR, 1BA$999

Best Value Apartments for Rent in Somerset, KY

As of September 22, 2026 the best value apartment in the Somerset area is the $1.22 price per square foot 2 BDR / 2BA Model at The Resort Apartments starting from $1,345. The second greatest value Somerset apartment is the 12 Charlottes Pl Model at 12 Charlottes Pl starting at $1,100 with a $1.14 price per square foot. Here is today’s list of the best values for Somerset apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Resort Apartments2 BDR / 2BA2BR, 2BA$1.22
12 Charlottes Pl12 Charlottes Pl2BR, 1BA$1.14
Fry Estates ApartmentsTwo Bedroom One Bathroom2BR, 1BA$0.93
Vines at Saddlebrook3 x 13BR, 1BA$0.98
19 Christian St, Unit 19 Christian street19 Christian St2BR, 1.5BA$1.06
22 Roks Pl, Unit 2222 Roks Pl1BR, 1BA$1.14
Long Run Community - Income Restricted2x12BR, 1BA$0.98
1040 Brandy LnTwo Bed2BR, 1BA$1.25
Ty Lane Apartments1 Bedroom (630sqft)1BR, 1BA$1.27
Town Pointe ApartmentsStudioStudio, 1BA$1.33

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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!

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Frequently Asked Questions about Cheap Somerset Apartments

What is the Cheapest Studio apartment in Somerset?

Currently the most affordable Cheap Studio Apartment in Somerset is at Town Pointe Apartments listed at $795.

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

The lowest price for a Cheap One Bedroom Somerset Apartment is $741 at Shawnee Trail Apartments.

What is the lowest price for a Cheap Two Bedroom Somerset Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Somerset is starting from $715 at Long Run Community - Income Restricted.

What is the most affordable Somerset Three Bedroom Apartment?

The best deal on a cheap Somerset Three Bedroom Apartment rental is at Vines at Saddlebrook and starts from $935.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.