Cheap Apartments for Rent in the East Russell Neighborhood of Louisville, KY from $500 (31 Rentals)

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

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2431 Saint Xavier St, Unit 3
$675
Total Monthly Price

Total Monthly Price

Base Rent
$675

Total Monthly Price
$675
1 Bedroom Apartment Available Now

2431 Saint Xavier St, Unit 3

2431 Saint Xavier StLouisville, KY 40212
Affordability
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property at 725 S 16th St

$800

2 Bedroom Rentals

Available Now

725 S 16th St

LouisvilleKY40210

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

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Gateway on Broadway
1 to 2 Bedroom Apartments

Gateway on Broadway

1405 W BroadwayLouisville, KY 40203
Senior Living
  • Utilities Included

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Zion Manor
1 to 2 Bedroom Apartments

Zion Manor

2201 W Muhammad Ali BlvdLouisville, KY 40212
Senior Living
  • Utilities Included
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Rowan Place
1 to 2 Bedroom Apartments

Rowan Place

2132 Rowan StLouisville, KY 40212
Senior Living
  • Utilities Included
property at 513 S 20th St

$925

2 Bedroom Rentals

Available Now

513 S 20th St

LouisvilleKY40203

Louisville's Best Affordable Neighborhoods

Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

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Zion Manor 2
1 to 2 Bedroom Apartments

Zion Manor 2

2237 W Muhammad Ali BlvdLouisville, KY 40212
Senior Living

East Russell, Louisville, KY Local Guide

Cheapest Available East Russell Apartments for Rent

 

The cheapest available apartment rental in the East Russell area of Louisville, KY is a 1 Bed unit found at Beecher Terrace Phase II (0680) priced from $861. Beecher has the second lowest priced unit, which is a 1 Bed apartment currently listed from $861. Here are the most affordable East Russell apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Beecher Terrace Phase II (0680)1 Bedroom*1BR,1BA$861
Beecher1 Bdrm Garden, 608 SqFt, Tax Credit, 60% AMI1BR,1BA$861
Painters RowStudio - 1 BathroomStudio,1BA$864
Jefferson Properties2bd Apartment2BR,1BA$900
Hampton PlaceOne Bedroom Apartment1BR,1BA$958
Montgomery Apartments2 Bedroom, 1 Bath2BR,1BA$1,099

Best Value Apartments for Rent in East Russell, KY

As of August 01, 2026 the best value apartment in the East Russell area is the $0.80 price per square foot 2014 W Main St Model at 2014 W Main St, Unit 1F in the in the Portland neighborhood starting from $795. The second greatest value East Russell apartment is the 3bd Apartment Model at Jefferson Properties starting at $1,056 with a $1.17 price per square foot in the Downtown Louisville neighborhood. Here is today’s list of the best values for East Russell apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2014 W Main St, Unit 1F2014 W Main St2BR,1BA$0.80
Jefferson Properties3bd Apartment3BR,1BA$1.17
Montgomery Apartments2 Bedroom, 1 Bath2BR,1BA$1.26
2433 Slevin St, Unit 22433 Slevin St3BR,1BA$1.03
200 N 18th St, Unit 200 N 18th St200 N 18th St2BR,1BA$1.01
2431 Saint Xavier St, Unit 32431 Saint Xavier St1BR,1BA$1.04
Beecher Terrace Phase II (0680)1 Bedroom1BR,1BA$1.81
Beecher1 Bdrm Garden, 608 SqFt, Market,1BR,1BA$1.87
Painters RowStudio - 1 BathroomStudio ,1BA$1.48
Hampton PlaceOne Bedroom Apartment1BR,1BA$1.67

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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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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Frequently Asked Questions about Cheap East Russell Apartments

What is a cheap apartment in East Russell?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Russell is under $1,099.

What is the price of a cheap apartment in East Russell?

The cheapest apartment in East Russell is Beecher Terrace Phase II (0680) which is listed at $861, while the average apartment in East Russell costs $1,295.

What types of apartments are the cheapest in East Russell?

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 16 regular apartments in East Russell 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 East Russell?

Cheap apartments in East Russell have an average cost of $682 which is $613 cheaper than the average rent for all rentals in East Russell.

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.

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