Cheap Apartments for Rent in Water Valley, KY from $600 (36 Rentals)

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

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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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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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.

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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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Showing Results 1-36, Page 1 of 1

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 Studio unit found at Royal Ridge priced from $650. 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 ListingModel NameBed/BathPriced From
Royal RidgeRoyal Ridge-0-1-408Studio,1BA$650
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$650
Jackson House1 Bedroom - Jackson House1BR,1BA$781
Chapel Ridge Martin2 Bedroom 2 Bath2BR,2BA$782
Grove Apartments1 Bedroom1BR,1BA$825
Southside Square Apartments - NOW LEASINGOne Bedroom1BR,1BA$897
Lone Oak Villas2 Bedroom Townhome2BR,1BA$909
PARK VILLAGE OF PARIS3 Bedroom 2 Bathroom3BR,2BA$1,090
The Lory of Greenway Village2 Bedroom | 2 Bath2BR,2BA$1,325
Westcreek VillasHadley2BR,2BA$1,475

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

As of June 15, 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 $1,475 with a $1.24 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$1.24
PARK VILLAGE OF PARIS4 Bedroom 2 Bathroom4BR,2BA$1.03
Chapel Ridge Martin2 Bedroom 2 Bath2BR,2BA$0.86
Milan Luxury Apartments2BR/2.0BA2BR,2BA$1.15
Grove Apartments1 Bedroom1BR,1BA$1.12
Southside Square Apartments - NOW LEASINGSpecialty One Bedroom1BR,1BA$1.31
Bee Creek Crossing (Senior Apartments 55+)1 Bed / 1 Bath1BR,1BA$0.96
Lone Oak Villas2 Bedroom Townhome2BR,1BA$1.47
Royal RidgeRoyal Ridge-0-1-408Studio ,1BA$1.59

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!

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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 $650.

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 Chapel Ridge Martin and starts from $886.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.