Cheap Apartments for Rent in the Hazelwood Neighborhood of Louisville, KY from $500 (65 Rentals)

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

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.

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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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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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Old School Apartments
Studio to 1 Bedroom Apartments

Old School Apartments

422 Heywood AveLouisville, KY 40208
Senior Living
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Douglas Park Apartments
1 to 3 Bedroom Apartments

Douglas Park Apartments

401 Douglas ParkLouisville, KY 40214
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Bellevue Arms
1 to 2 Bedroom Apartments

Bellevue Arms

4652 Bellevue AveLouisville, KY 40215
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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.

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Kenwood Arms
Studio to 2 Bedroom Apartments

Kenwood Arms

104 Kenwood CtLouisville, KY 40214
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Hillview Manor
1 Bedroom Apartments

Hillview Manor

4226 Hillview AveLouisville, KY 40216
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Kendall Arms
1 Bedroom Apartments

Kendall Arms

1830-1833 Kendall LnLouisville, KY 40216
Senior Living
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Hillview Manor
1 to 2 Bedroom Apartments

Hillview Manor

1900 Garrs LnLouisville, KY 40216
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Carpenter Apartments
1 to 3 Bedroom Apartments

Carpenter Apartments

3524 Georgetown CirLouisville, KY 40215
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Imperial Arms
1 to 2 Bedroom Apartments

Imperial Arms

4816 S 3rd StLouisville, KY 40214
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Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers

Stop driving and start living! We highlight the best Louisville neighborhoods—from Beechmont to Audubon Park—with great rentals near top job providers.

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Hazelwood, Louisville, KY Local Guide

Cheapest Available Hazelwood Apartments for Rent

 

The cheapest available apartment rental in the Hazelwood area of Louisville, KY is a 1 Bed unit found at Southwood priced from $749. Iroquois Green has the second lowest priced unit, which is a 1 Bed apartment currently listed from $755. Here are the most affordable Hazelwood apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Southwood1 Bed, 1 bath1BR,1BA$749
Iroquois Green1 Bedroom - Garden Level1BR,1BA$755
Indigo at the Park1 Bedroom 1 Bathroom1BR,1BA$800
Kenwood ArmsKenwood Arms - 1b/1ba1BR,1BA$825
Furlong Apartments2 Bedroom/1Bath2BR,1BA$825
Heritage Green ApartmentsThe Single1BR,1BA$829
The Kensington of LouisvilleKYKST 2x1 825sqft - W/D Included2BR,1BA$850
Patriot Derby (FKA Vesta Derby Oaks)A11BR,1BA$850
Carpenter Apartments1 Bedroom1BR,1BA$865
Maple Run ApartmentsMaple Run | 2b/1ba2BR,1BA$900

Best Value Apartments for Rent in Hazelwood, KY

As of May 27, 2026 the best value apartment in the Hazelwood area is the $1.14 price per square foot 2 Bedroom Model at Crossings at Mill Creek in the in the Jacobs neighborhood starting from $1,257. The second greatest value Hazelwood apartment is the Two bedroom Model at By the Park starting at $930 with a $0.93 price per square foot in the Jacobs neighborhood. Here is today’s list of the best values for Hazelwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Crossings at Mill Creek2 Bedroom2BR,2BA$1.14
By the ParkTwo bedroom2BR,1BA$0.93
Pennacook Pointe2 Bedroom2BR,1BA$1.00
Furlong Apartments2 Bedroom/1Bath2BR,1BA$0.92
Kenwood ArmsKenwood Arms - 2 bedroom/1 bath2BR,1BA$1.13
Maple Run ApartmentsMaple Run | 2b/1ba2BR,1BA$1.07
The Kensington of LouisvilleKYKST 2x1 825sqft - W/D Included2BR,1BA$1.03
Bradford Pointe Apartments2BR/1.0BA2BR,1BA$1.10
Nichols MeadowsFlats2BR,1BA$1.13
Indigo at the Park1 Bedroom 1 Bathroom1BR,1BA$1.07

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

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Real 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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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
Hazelwood, Louisville, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Hazelwood, Louisville, and the greater Louisville area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, places to raise kids, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Hazelwood Apartments

What is the price of a cheap apartment in Hazelwood?

The cheapest apartment in Hazelwood is Southwood which is listed at $749, while the average apartment in Hazelwood costs $4,197.

What types of apartments are the cheapest in Hazelwood?

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 Hazelwood 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 Hazelwood?

Cheap apartments in Hazelwood have an average cost of $238 which is $3,959 cheaper than the average rent for all rentals in Hazelwood.

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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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.

decorative image for The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters article

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.

decorative image for Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers article

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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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.