
Cheap Apartments for Rent in Water Valley, KY from $600 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Water Valley.


Bee Creek Crossing (Senior Apartments 55+)

Jackson House

449 W Main St

857 Broadway

Chapel Ridge Martin
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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.

PARK VILLAGE OF PARIS

904 Coldwater Rd

Grove Apartments

523 Hutchens Rd

Southside Square Apartments - NOW LEASING

212 Parks Dr
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.

712 Warren St

35 Point Pleasant Rd

Lone Oak Villas

112 S 5th St

1129 KY-849

301 N 7th St
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.

111 Elm St

213 Nellie Ave

562 Lewis Ave

165 N Messmer St

416 1st St E

Lindenwood Senior Apartments
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.

33 Bellmeade Jackson, Tn

1401 Todd Ave
Water Valley, KY Local Guide

How much does it cost to rent an apartment in Water Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Water Valley Studio Apartments | $662 | $600 | $1,514 |
| Water Valley 1 Bedroom Apartments | $1,134 | $650 | $2,900 |
| Water Valley 2 Bedroom Apartments | $1,346 | $700 | $3,600 |
| Water Valley 3 Bedroom Apartments | $1,350 | $1,025 | $1,800 |
| Water Valley 4 Bedroom Apartments | $1,357 | $1,195 | $1,598 |
Browse Top Apartments in Water Valley
See all Apartments in Water ValleyExplore Water Valley
Water Valley, KY Local Guide
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Cheapest Available Water Valley Apartments for Rent and Nearby
 The cheapest available apartment rental in Water Valley, KY is a Studio unit found at Royal Ridge priced from $600. Bee Creek Crossing (Senior Apartments 55+) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Water Valley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Royal Ridge | Royal Ridge-0-1-408 | Studio,1BA | $600 |
| Bee Creek Crossing (Senior Apartments 55+) | 1 Bed / 1 Bath | 1BR,1BA | $650 |
| Jackson House | 1 Bedroom - Jackson House | 1BR,1BA | $781 |
| Chapel Ridge Martin | 2 Bedroom 2 Bath | 2BR,2BA | $782 |
| Grove Apartments | 1 Bedroom | 1BR,1BA | $825 |
| Southside Square Apartments - NOW LEASING | One Bedroom | 1BR,1BA | $897 |
| PARK VILLAGE OF PARIS | 3 Bedroom 2 Bathroom | 3BR,2BA | $1,090 |
| Milan Luxury Apartments | 3BR/2.0BA | 3BR,2BA | $1,150 |
| The Lory of Greenway Village | 1 Bedroom | 1 Bath | 1BR,1BA | $1,225 |
| Country Music B&B Studios | Country Suite | 1BR,1BA | $1,397 |
Best Value Apartments for Rent in Water Valley, KY and Nearby
As of May 01, 2026 the best value apartment in the Water Valley area is the $1.06 price per square foot 2 Bedroom | 2 Bath Model at The Lory of Greenway Village in the starting from $1,325. The second greatest value Water Valley apartment is the 4 Bedroom 2 Bathroom Model at PARK VILLAGE OF PARIS starting at $1,195 with a $1.03 price per square foot . Here is today’s list of the best values for Water Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Lory of Greenway Village | 2 Bedroom | 2 Bath | 2BR,2BA | $1.06 |
| PARK VILLAGE OF PARIS | 4 Bedroom 2 Bathroom | 4BR,2BA | $1.03 |
| Milan Luxury Apartments | 3BR/2.0BA | 3BR,2BA | $1.05 |
| Chapel Ridge Martin | 2 Bedroom 2 Bath | 2BR,2BA | $0.86 |
| 411 N 7th St, Unit 1 | 411 N 7th St | 1BR,1BA | $2.19 |
| Grove Apartments | 1 Bedroom | 1BR,1BA | $1.12 |
| Bee Creek Crossing (Senior Apartments 55+) | 1 Bed / 1 Bath | 1BR,1BA | $0.96 |
| Southside Square Apartments - NOW LEASING | One Bedroom | 1BR,1BA | $1.38 |
| Jackson House | 1 Bedroom - Jackson House | 1BR,1BA | $1.70 |
| Royal Ridge | Royal Ridge-0-1-408 | Studio ,1BA | $1.47 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 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
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 Water Valley, KY Rentals by Map
See the most popular apartments and homes in Water Valley, KY
Frequently Asked Questions about Cheap Water Valley Apartments
What is the Cheapest Studio apartment in Water Valley?
Currently the most affordable Cheap Studio Apartment in Water Valley is at Royal Ridge listed at $600.
How much is rent for a Cheap One Bedroom Water Valley Apartment?
The lowest price for a Cheap One Bedroom Water Valley Apartment is $650 at Bee Creek Crossing (Senior Apartments 55+).
What is the lowest price for a Cheap Two Bedroom Water Valley Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Water Valley is starting from $782 at Chapel Ridge Martin.
What is the most affordable Water Valley Three Bedroom Apartment?
The best deal on a cheap Water Valley Three Bedroom Apartment rental is at Grove Apartments and starts from $1,025.
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

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.

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.

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.

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.