2539 Bank St
LouisvilleKY40212
Cheap Apartments for Rent in the East Russell Neighborhood of Louisville, KY from $500 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the East Russell area of Louisville.
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$775
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$775
Total Monthly Price
$775
200 N 18th St, Unit 200 N 18th St
200 N 18th StLouisville, KY 40203
200 N 18th St
LouisvilleKY40203
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$795
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$795
Total Monthly Price
$795
2014 W Main St, Unit 1F
2014 W Main StLouisville, KY 40203
519 N 20th St
LouisvilleKY40203
316 N 22nd St
LouisvilleKY40212
527 S 20th St
LouisvilleKY40203
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.
2300 W Madison St
LouisvilleKY40211
1507 W Jefferson St
LouisvilleKY40203
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Rent Specials
$861 - $1,8611 to 3 Bedroom Apartments Available Now
Beecher Family
980 W Liberty StLouisville, KY 40203
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$890 - $1,568Studio to 2 Bedroom Apartments Available Now
Painters Row
1409-1427 Lytle StLouisville, KY 40203
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$900 - $1,2002 to 4 Bedroom Apartments Available Now
Jefferson Properties
2334 W Jefferson StLouisville, KY 40212
2216 W Main St
LouisvilleKY40212
214 N 24th St
LouisvilleKY40212
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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$930 - $1,4881 to 3 Bedroom Apartments Available Now
Hampton Place
1549 W Madison StLouisville, KY 40203
2510 Portland Ave
LouisvilleKY40212
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1 to 2 Bedroom Apartments
Gateway on Broadway
1405 W BroadwayLouisville, KY 40203
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1 to 2 Bedroom Apartments
Zion Manor
2201 W Muhammad Ali BlvdLouisville, KY 40212
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1 to 2 Bedroom Apartments
Rowan Place
2132 Rowan StLouisville, KY 40212
406 S 20th St
LouisvilleKY40203
2300 W Madison St
LouisvilleKY40211
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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1 to 3 Bedroom Apartments
Beecher Terrace Phase II (0680)
1620 W Jefferson StLouisville, KY 40203
212 N 25th St
LouisvilleKY40212
451 N 25th St
LouisvilleKY40212
1934 W Madison St
LouisvilleKY40203
2145 Bank St
LouisvilleKY40212
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1 to 2 Bedroom Apartments
Zion Manor 2
2237 W Muhammad Ali BlvdLouisville, KY 40212
515 S 20th St
LouisvilleKY40203
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.
1612 W Market St
LouisvilleKY40203
Showing Results 1-29, Page 1 of 1
East Russell, Louisville, KY Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in East Russell?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Russell Studio Apartments | $984 | $890 | $1,125 |
| East Russell 1 Bedroom Apartments | $1,042 | $750 | $1,139 |
| East Russell 2 Bedroom Apartments | $1,277 | $775 | $1,568 |
| East Russell 3 Bedroom Apartments | $1,318 | $1,056 | $1,861 |
| East Russell 4 Bedroom Apartments | $1,180 | $1,160 | $1,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the East Russell Neighborhood of Louisville, KY.
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East Russell, Louisville, KY Local Guide
- Nearby Louisville neighborhoods
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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. Painters Row has the second lowest priced unit, which is a Studio apartment currently listed from $890. Here are the most affordable East Russell apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Beecher Terrace Phase II (0680) | 1 Bedroom* | 1BR,1BA | $861 |
| Painters Row | Studio - 1 Bathroom | Studio,1BA | $890 |
| Jefferson Properties | 2bd Apartment | 2BR,1BA | $900 |
| Hampton Place | One Bedroom Apartment | 1BR,1BA | $930 |
| Beecher Family | 2 Bdrm Garden, 850 SqFt, Tax Credit, 60% AMI | 2BR,1BA | $1,024 |
| Montgomery Apartments | 3 Bedroom, 2 Bath | 3BR,2BA | $1,295 |
Best Value Apartments for Rent in East Russell, KY
As of June 04, 2026 the best value apartment in the East Russell area is the $1.20 price per square foot 3 Bedroom, 2 Bath Model at Montgomery Apartments in the in the Portland neighborhood starting from $1,295. The second greatest value East Russell apartment is the 2014 W Main St Model at 2014 W Main St, Unit 1F starting at $795 with a $0.80 price per square foot in the Portland neighborhood. Here is today’s list of the best values for East Russell apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Montgomery Apartments | 3 Bedroom, 2 Bath | 3BR,2BA | $1.20 |
| 2014 W Main St, Unit 1F | 2014 W Main St | 2BR,1BA | $0.80 |
| Jefferson Properties | 3bd Apartment | 3BR,1BA | $1.17 |
| Hampton Place | Two Bedroom Apartment | 2BR,1BA | $1.67 |
| 200 N 18th St, Unit 200 N 18th St | 200 N 18th St | 2BR,1BA | $1.05 |
| Painters Row | ADA - Studio - 1 Bathroom | Studio ,1BA | $1.52 |
| Beecher Terrace Phase II (0680) | 1 Bedroom | 1BR,1BA | $1.81 |
| Beecher Family | 1 Bdrm Garden, 608 SqFt, Market, | 1BR,1BA | $1.87 |
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 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
Read ArticleReal 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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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 East Russell, Louisville, KY
School data provided by Great Schools
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 $1,295.
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 $1,378.
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 13 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 $652 which is $726 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.
Helpful Local Expert Guides
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.
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.
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.
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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.
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.
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.