Cheap Apartments for Rent near Water Valley, KY from $600 (30 Rentals)

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

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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property at 540 Baker Rd

$825

2 Bedroom Rentals

Available Aug 14

540 Baker Rd

MartinTN38237

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.

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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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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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Water Valley, KY Local Guide

Cheapest Available Water Valley Apartments for Rent and Nearby

 

The cheapest available apartment rental in Water Valley, KY is a 1 Bed unit found at Bee Creek Crossing (Senior Apartments 55+) priced from $650. Mora Mi Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $660. Here is today’s list of the most affordable Water Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$650
Mora Mi ApartmentsAmazing 1 Beds | 1 Baths | 717 Square Ft. apts ...1BR,1BA$660
Royal RidgeRoyal Ridge-0-1-408Studio,1BA$700
Commonwealth Court Apartments1 BR1BR,1BA$705
Lakeside Manor Apartments2 Bedroom2BR,1BA$750
Jackson House1 Bedroom - Jackson House1BR,1BA$781
PARK VILLAGE OF PARIS2 Bedroom 1 Bathroom2BR,1BA$786
Grove Apartments1 Bedroom1BR,1BA$825
Riviera Apartments1 Bed1BR,1BA$850
Southside Square Apartments - NOW LEASINGOne Bedroom1BR,1BA$897

Best Value Apartments for Rent in Water Valley, KY and Nearby

As of July 31, 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 Hadley Model at Westcreek Villas starting at $1,449 with a $1.22 price per square foot . Here is today’s list of the best values for Water Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Lory of Greenway Village2 Bedroom | 2 Bath2BR,2BA$1.06
Westcreek VillasHadley2BR,2BA$1.22
PARK VILLAGE OF PARIS4 Bedroom 2 Bathroom4BR,2BA$1.03
Milan Luxury Apartments2BR/2.0BA2BR,2BA$1.19
Lakeside Manor Apartments2 Bedroom2BR,1BA$0.96
Southside Square Apartments - NOW LEASINGTwo Bedroom2BR,2BA$1.27
Grove Apartments1 Bedroom1BR,1BA$1.12
Mora Mi ApartmentsAmazing 1 Beds | 1 Baths | 717 Square Ft. apts ...1BR,1BA$0.92
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$0.96
Commonwealth Court Apartments1 BR1BR,1BA$1.07

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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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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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 Water Valley, KY Rentals by Map

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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 $700.

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 $750 at Mora Mi Apartments.

What is the most affordable Water Valley Three Bedroom Apartment?

The best deal on a cheap Water Valley Three Bedroom Apartment rental is at Mora Mi Apartments and starts from $850.

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

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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.