Cheap Apartments for Rent in the East Russell Neighborhood of Louisville, KY from $500 (15 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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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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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

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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 2 Beds unit found at Gateway on Broadway priced from $542. Jefferson Properties has the second lowest priced unit, which is a 2 Beds apartment currently listed from $917. Here are the most affordable East Russell apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Jefferson Properties2bd2BR,1BA$917
Painters Row1 Bedroom - 1 Bathroom1BR,1BA$975
Beecher Terrace Apartments1 Bedroom Tax Credit*1BR,1BA$999
Beecher Terrace Phase II (0680)1 Bedroom1BR,1BA$1,139

Best Value Apartments for Rent in East Russell, KY

As of January 10, 2026 the best value apartment in the East Russell area is the $0.81 price per square foot 2101 Saint Xavier St Model at 2101 Saint Xavier St, Unit 1F in the in the Portland neighborhood starting from $895. The second greatest value East Russell apartment is the One Bedroom Model at Gateway on Broadway starting at $542 with a $0.50 price per square foot in the Phoenix Hill 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.
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
Painters Row2 Bedroom - 2 Bathroom2BR,2BA$1.42
Jefferson Properties3bd apartment3BR,1BA$1.17
Montgomery Apartments2 Bedroom, 1 Bath2BR,1BA$1.35
Hampton PlaceTwo Bedroom Apartment2BR,1BA$1.59
Beecher Terrace Phase II (0680)1 Bedroom1BR,1BA$1.81
Beecher Terrace Apartments1 Bedroom Tax Credit*1BR,1BA$1.64

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

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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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Frequently Asked Questions about Cheap East Russell Apartments

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

The cheapest apartment in East Russell is Gateway on Broadway which is listed at $542, while the average apartment in East Russell costs $1,440.

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 69 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 $1,050 which is $390 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.

Articles, How-To's, and Tips

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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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.