
Cheap Apartments for Rent in Thelma, KY from $500 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Thelma.


1429 3rd Ave

Fort Gay Apartments

Mary Lane Estates

1510 7th Ave

University Suites

The Place at Slate Creek

McGinnis Properties
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.

Barnett Commons

Lynwood Ter

Garden Park Apartments

Patriot Walker (FKA Village Hill)

The Cloister

Southmoor Hills

Brook Side Apartments

Townhomes & Flats at MSU
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.

Breck Gardens

Sawgrass Greene

Providence Hill Apartments

Top Notch Townhomes & Storage

Herd Flats - Campus Housing

Oakbrook

Imperial Lofts

4547-4535 Piedmont Rd
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Maury Village Apartments

607 20th St

4 Circle Dr

135 Sycamore St

Main Street Apartments

Victory Place

80 Township Rd 1118

Westmoreland Estates
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2435 1st Ave

1208 Kanawha Terrace

Greentree Apartments

14 Werner Dr

Emerald Gardens

60 Township Rd 1118

2469 Collis Ave

3114 5th Ave
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.
Thelma, KY Local Guide

How much does it cost to rent an apartment in Thelma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thelma Studio Apartments | $1,072 | $750 | $1,400 |
| Thelma 1 Bedroom Apartments | $997 | $503 | $3,150 |
| Thelma 2 Bedroom Apartments | $1,172 | $640 | $3,057 |
| Thelma 3 Bedroom Apartments | $1,263 | $850 | $2,350 |
| Thelma 4 Bedroom Apartments | $1,189 | $1,179 | $1,200 |
Browse Top Apartments in Thelma
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Thelma, KY Local Guide
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Cheapest Available Thelma Apartments for Rent and Nearby
 The cheapest available apartment rental in Thelma, KY is a 1 Bed unit found at The Prichard priced from $503. Fort Gay Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Thelma apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Prichard | The Grand | 1BR,1BA | $503 |
| Fort Gay Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $600 |
| Mary Lane Estates | One Bedroom One Bath | 1BR,1BA | $615 |
| McGinnis Properties | Townhome | 2BR,1BA | $700 |
| Barnett Commons | 2 Bed 55+ | 2BR,1BA | $740 |
| Lynwood Ter | 2 bed | 2BR,1BA | $750 |
| The Place at Slate Creek | Two Bedroom | 2BR,2BA | $800 |
| Patriot Walker (FKA Village Hill) | STUDIO | 1BR,1BA | $800 |
| The Cloister | 1-Bedroom | 1BR,1BA | $800 |
| Emerald Gardens | 2 bedrooms | 2BR,1BA | $820 |
Best Value Apartments for Rent in Thelma, KY and Nearby
As of March 18, 2026 the best value apartment in the Thelma area is the $0.83 price per square foot 2 Bed & 1 Bath Model at 1235-1241 Charleston Ave in the starting from $1,500. The second greatest value Thelma apartment is the Townhome Model at McGinnis Properties starting at $700 with a $0.46 price per square foot . Here is today’s list of the best values for Thelma apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1235-1241 Charleston Ave | 2 Bed & 1 Bath | 2BR,1BA | $0.83 |
| McGinnis Properties | Townhome | 2BR,1.5BA | $0.46 |
| 3811-3850 Sleepy Hollow Dr | 3 Bed/1.5 Bath Townhouse | 3BR,1.5BA | $0.90 |
| Sawgrass Greene | 3 Bedroom Unit | 3BR,1.5BA | $0.77 |
| Oakbrook | 2BR/2BA | 2BR,2BA | $0.90 |
| Emerald Gardens | 2 bedrooms | 2BR,1.5BA | $0.84 |
| Top Notch Townhomes & Storage | Top Notch Rentals | 2BR,1.5BA | $0.94 |
| 1429 3rd Ave | 2 Bedroom | 2BR,1BA | $0.94 |
| Fort Gay Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.95 |
| The Prichard | The Classic | 1BR,1BA | $0.80 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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 ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Thelma, KY Rentals by Map
See the most popular apartments and homes in Thelma, KY
Frequently Asked Questions about Cheap Thelma Apartments
What is the Cheapest Studio apartment in Thelma?
Currently the most affordable Cheap Studio Apartment in Thelma is at The Landing at Marshall University listed at $1,020.
How much is rent for a Cheap One Bedroom Thelma Apartment?
The lowest price for a Cheap One Bedroom Thelma Apartment is $503 at The Prichard.
What is the lowest price for a Cheap Two Bedroom Thelma Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Thelma is starting from $640 at Fort Gay Apartments.
What is the most affordable Thelma Three Bedroom Apartment?
The best deal on a cheap Thelma Three Bedroom Apartment rental is at Sawgrass Greene and starts from $878.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.