Cheap Apartments for Rent in the Cherrywood Village Neighborhood of Louisville, KY from $800 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Cherrywood Village 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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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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Berkshire Apartments
2 Bedroom Apartments

Berkshire Apartments

200 Crescent AveLouisville, KY 40206
  • Utilities Included
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Waterford Place
1 to 2 Bedroom Apartments

Waterford Place

4105 Waterford CirLouisville, KY 40207

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers

Stop driving and start living! We highlight the best Louisville neighborhoods—from Beechmont to Audubon Park—with great rentals near top job providers.

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Cherrywood Village, Louisville, KY Local Guide

Cheapest Available Cherrywood Village Apartments for Rent

 

The cheapest available apartment rental in the Cherrywood Village area of Louisville, KY is a Studio unit found at Halsey Flats priced from $895. Village Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $947. Here are the most affordable Cherrywood Village apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Halsey FlatsSenecaStudio,1BA$895
Village Manor Apartments1x1-610 FLAT1BR,1BA$947
Church Way Apartments4221 N Church Way1BR,1BA$960
Mallard Crossing at St. MatthewsStudio AStudio,1BA$1,022
Prospect Park ApartmentsA11BR,1BA$1,080
Grandview Apartments3815 Grandview2BR,1BA$1,095
Vetra at St. MatthewsTwo Bedroom One Bath2BR,1BA$1,099
Arterburn Crossing2/12BR,1BA$1,100
Plymouth Village Apartments612 Breckenridge2BR,1BA$1,150

Best Value Apartments for Rent in Cherrywood Village, KY

As of April 25, 2026 the best value apartment in the Cherrywood Village area is the $1.76 price per square foot Ferdinand II - Ferdinand End Model at Bull Run Townhomes in the in the Harrods Creek neighborhood starting from $3,250. The second greatest value Cherrywood Village apartment is the Three Bedroom Two Bath Model at Vetra at St. Matthews starting at $1,429 with a $1.24 price per square foot in the Hayfield Dundee neighborhood. Here is today’s list of the best values for Cherrywood Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bull Run TownhomesFerdinand II - Ferdinand End3BR,2.5BA$1.76
Vetra at St. MatthewsThree Bedroom Two Bath3BR,2BA$1.24
Plymouth Village Apartments612 Breckenridge2BR,1.5BA$1.21
Arterburn Crossing2/12BR,1BA$1.22
Grandview Apartments3815 Grandview2BR,1BA$1.22
Church Way Apartments4219 N Church Way1BR,1BA$1.17
Prospect Park ApartmentsA11BR,1BA$1.37
MAA WestportThe Jefferson1BR,1BA$1.72
Village Manor Apartments1x1-610 FLAT1BR,1BA$1.55
Halsey FlatsShelbyStudio ,1BA$1.84

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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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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Best Local Schools in
Cherrywood Village, Louisville, KY

School data provided by Great Schools

Frequently Asked Questions about Cheap Cherrywood Village Apartments

What is a cheap apartment in Cherrywood Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cherrywood Village is under $1,150.

What is the price of a cheap apartment in Cherrywood Village?

The cheapest apartment in Cherrywood Village is Village Manor Apartments which is listed at $947, while the average apartment in Cherrywood Village costs $1,750.

What types of apartments are the cheapest in Cherrywood Village?

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 Cherrywood Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Cherrywood Village?

Cheap apartments in Cherrywood Village have an average cost of $147 which is $1,603 cheaper than the average rent for all rentals in Cherrywood Village.

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.

Helpful Local Expert Guides

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

Written by: Mike Heuer

Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

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Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers

Written by: Mike Heuer

Kentucky is a business-friendly commonwealth, and Louisville is its largest city. It also is home to many great employers who pay well, and their workers have lots of great choices in neighborhoods to rent great apartments.

Articles, How-To's, and Tips

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.