
Cheap Homes for Rent in East Russell Neighborhood of Louisville, KY from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the East Russell area of Louisville.


655 S 24th St

2300 W Madison St

1529 Anderson St
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

212 N 25th St

451 N 25th St

1934 W Madison St
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.
East Russell, Louisville, KY Local Guide

How much does it cost to rent a home in East Russell?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Russell 2 Bedroom Homes for Rent | $1,021 | $850 | $1,300 |
| East Russell 3 Bedroom Homes for Rent | $1,040 | $779 | $1,400 |
| East Russell 4 Bedroom Homes for Rent | $1,208 | $995 | $1,450 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 2 Beds unit found at Gateway on Broadway priced from $542. Beecher Terrace Apartments 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 |
|---|---|---|---|
| Gateway on Broadway | Two Bedroom | 2BR,1BA | $542 |
| Beecher Terrace Apartments | 1 Bedroom Tax Credit* | 1BR,1BA | $861 |
| Beecher Terrace Phase II (0680) | 1 Bedroom* | 1BR,1BA | $861 |
Best Value Apartments for Rent in East Russell, KY
As of April 14, 2026 the best value apartment in the East Russell area is the $0.50 price per square foot One Bedroom Model at Gateway on Broadway in the in the Phoenix Hill neighborhood starting from $542. The second greatest value East Russell apartment is the Two Bedroom Townhome Model at Hampton Place starting at $1,402 with a $1.56 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gateway on Broadway | One Bedroom | 1BR,1BA | $0.50 |
| Hampton Place | Two Bedroom Townhome | 2BR,1.5BA | $1.56 |
| Jefferson Properties | 3bd Apartment | 3BR,1BA | $1.17 |
| Montgomery Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.26 |
| Painters Row | 1 Bedroom - 1 Bathroom | 1BR,1BA | $1.39 |
| 1704 Rowan St, Unit 3 | 1704 Rowan St | 1BR,1BA | $1.08 |
| 2409 Rowan St, Unit 3 | 2409 Rowan St | 1BR,1BA | $1.08 |
| Beecher Terrace Apartments | 1 Bedroom | 1BR,1BA | $1.58 |
| Beecher Terrace Phase II (0680) | 1 Bedroom | 1BR,1BA | $1.81 |
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.
Read ArticleDon'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 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.
Read ArticleCash 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.
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 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
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Frequently Asked Questions about East Russell
What type of rentals are currently available in East Russell?
There are currently 82 Apartments for Rent in East Russell, KY with pricing that ranges from $525 to $1,568. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Russell ranging from $779 to $1,450.
What is the current price range for Rental Homes in East Russell?
Today's rental pricing for Homes for Rent, Condos and Townhomes in East Russell ranges from $779 to $1,450 with an average monthly rent of $1,089.
How much are larger Three and Four Bedroom Rentals in East Russell?
For those who are looking for larger living arrangements, Three Bedroom Apartments in East Russell range from $1,056 to $1,535, while Three Bedroom Homes, Condos, and Townhomes for rent range from $779 to $1,400. Four Bedroom Single-Family rentals are also available starting from $995 and Four Bedroom Apartments start at $1,200.
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

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.

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.

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.

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.