Cheap Apartments for Rent in the Audubon Park Neighborhood of Louisville, KY from $500 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Audubon Park area of Louisville.

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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Nightingale Apartments
2 Bedroom Apartments

Nightingale Apartments

1447 Nightingale RdLouisville, KY 40213
  • Utilities Included

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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1337 S 4th St
Studio to 2 Bedroom Apartments

1337 S 4th St

1337 S 4th StLouisville, KY 40208
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Douglas Park Apartments
1 to 3 Bedroom Apartments

Douglas Park Apartments

401 Douglas ParkLouisville, KY 40214
  • Utilities Included
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Kenwood Arms
Studio to 2 Bedroom Apartments

Kenwood Arms

104 Kenwood CtLouisville, KY 40214
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1386 S 3rd St
1 to 2 Bedroom Apartments

1386 S 3rd St

1386 S 3rd StLouisville, KY 40208
Student Housing
  • Utilities Included
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Douglass Manor
Studio to 2 Bedroom Apartments

Douglass Manor

2045 Douglass BlvdLouisville, KY 40205
  • Utilities Included

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.

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Wellesley Townhouses
2 Bedroom Apartments

Wellesley Townhouses

1600 S 2nd StLouisville, KY 40208
  • Utilities Included
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Colonial Oaks
1 to 2 Bedroom Apartments

Colonial Oaks

5011 Southside DrLouisville, KY 40214
  • Utilities Included
property at 409 W Gaulbert Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

409 W Gaulbert Ave

LouisvilleKY40208

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.

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Showing Results 1-40, Page 1 of 1

Audubon Park, Louisville, KY Local Guide

Cheapest Available Audubon Park Apartments for Rent

 

The cheapest available apartment rental in the Audubon Park area of Louisville, KY is a 2 Beds unit found at Preston Oaks priced from $799. Kenwood Arms has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Audubon Park apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Preston OaksThoroughbred2BR,1BA$799
Kenwood Arms1B/1BA1BR,1BA$825
Cardinal Village Apartments1x1 Lower Level1BR,1BA$899
1417 Nightingale Rd1BR/1.0BA1BR,1BA$900
Poplar Terrace1BR/1BA1BR,1BA$949
St. Francis ApartmentsThe Bardstown2BR,1BA$1,060
2101 Speed Ave2BR/1.0BA2BR,1BA$1,150

Best Value Apartments for Rent in Audubon Park, KY

As of April 10, 2026 the best value apartment in the Audubon Park area is the $0.52 price per square foot 4 Bed, 4 Bath Classic Pool View Model at Yugo Louisville Nine in the in the Downtown Louisville neighborhood starting from $729. The second greatest value Audubon Park apartment is the Kenwood Arms - Waiting List (2b/1b) Model at Kenwood Arms starting at $985 with a $1.13 price per square foot in the Downtown Louisville neighborhood. Here is today’s list of the best values for Audubon Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Yugo Louisville Nine4 Bed, 4 Bath Classic Pool View4BR,4BA$0.52
Kenwood ArmsKenwood Arms - Waiting List (2b/1b)2BR,1BA$1.13
St. Francis ApartmentsThe Douglass1BR,1BA$1.28
2101 Speed Ave2BR/1.0BA2BR,1BA$1.44
1445 Nightingale Rd, Unit 41445 Nightingale Rd2BR,1BA$1.35
1417 Nightingale RdHeights at Audubon 2BR2BR,1BA$1.35
1436 S 3rd St, Unit #41436 S 3rd St1BR,1BA$1.13
1516 Norris Pl, Unit 31516 Norris Pl1BR,1BA$1.21
Poplar Terrace1BR/1BA1BR,1BA$1.44
Preston OaksMustang1BR,1BA$1.39

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.

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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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The 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.

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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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The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com

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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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Pet Friendly Lifestyle
Audubon Park, Louisville, KY

Ranked #137

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Audubon Park, Louisville, KY

School data provided by Great Schools

Frequently Asked Questions about Cheap Audubon Park Apartments

What is the price of a cheap apartment in Audubon Park?

The cheapest apartment in Audubon Park is Kenwood Arms which is listed at $825, while the average apartment in Audubon Park costs $1,395.

What types of apartments are the cheapest in Audubon Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Audubon Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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 The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

The 10 Best Affordable Neighborhoods for Renting in Louisville, KY

Written by: Mike Heuer

Louisville, Kentucky, founded in 1778, has grown to be the largest city in Kentucky and is a terrific city situated right along the south bank of the Ohio River.

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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.

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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.

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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.