
Cheap Apartments for Rent in the East Russell Neighborhood of Louisville, KY from $500 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the East Russell area of Louisville.


2130 Portland Ave

200 N 18th St

1507 W Jefferson St

Total Monthly Price
200 N 18th St, Unit 200 N 18th St

118 N 18th St

Total Monthly Price
2014 W Main St, Unit 1F
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725 S 16th St

316 N 22nd St

Total Monthly Price
2433 Slevin St, Unit 2

2433 Slevin St

Beecher

Painters Row

Jefferson Properties
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1908 W Market St

214 N 24th St

524 N 26th St

Hampton Place

2510 Portland Ave

1612 W Market St

Gateway on Broadway
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Zion Manor

2431 St Xavier St

Rowan Place

Beecher Terrace Phase II (0680)

1934 W Madison St

2213 W Market St

513 S 20th St
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

Zion Manor 2

513 S 24th St

2331 Cedar St
East Russell, Louisville, KY Local Guide

How much does it cost to rent an apartment in East Russell?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Russell Studio Apartments | $941 | $864 | $1,024 |
| East Russell 1 Bedroom Apartments | $1,023 | $675 | $1,248 |
| East Russell 2 Bedroom Apartments | $1,191 | $750 | $1,568 |
| East Russell 3 Bedroom Apartments | $1,214 | $825 | $1,535 |
| East Russell 4 Bedroom Apartments | $1,180 | $1,160 | $1,200 |
Browse Apartments in this Neighborhood
There are currently 31 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
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Beecher Terrace Phase II (0680) | 1 Bedroom* | 1BR,1BA | $861 |
| Beecher | 1 Bdrm Garden, 608 SqFt, Tax Credit, 60% AMI | 1BR,1BA | $861 |
| Painters Row | Studio - 1 Bathroom | Studio,1BA | $864 |
| Jefferson Properties | 2bd Apartment | 2BR,1BA | $900 |
| Hampton Place | One Bedroom Apartment | 1BR,1BA | $958 |
| Montgomery Apartments | 2 Bedroom, 1 Bath | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2014 W Main St, Unit 1F | 2014 W Main St | 2BR,1BA | $0.80 |
| Jefferson Properties | 3bd Apartment | 3BR,1BA | $1.17 |
| Montgomery Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.26 |
| 2433 Slevin St, Unit 2 | 2433 Slevin St | 3BR,1BA | $1.03 |
| 200 N 18th St, Unit 200 N 18th St | 200 N 18th St | 2BR,1BA | $1.01 |
| 2431 Saint Xavier St, Unit 3 | 2431 Saint Xavier St | 1BR,1BA | $1.04 |
| Beecher Terrace Phase II (0680) | 1 Bedroom | 1BR,1BA | $1.81 |
| Beecher | 1 Bdrm Garden, 608 SqFt, Market, | 1BR,1BA | $1.87 |
| Painters Row | Studio - 1 Bathroom | Studio ,1BA | $1.48 |
| Hampton Place | One Bedroom Apartment | 1BR,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.
Read ArticleThe 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.
Read ArticleQuick 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.
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 $1,099.
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.
Helpful Local Expert Guides

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Louisville is one great city in which to visit, live, work, and raise a family. It has excellent and reasonably affordable housing, great neighborhoods, and a whole lot more to offer its residents and visitors alike.

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

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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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