Cheap Apartments for Rent in the Hazelwood Neighborhood of Louisville, KY from $500 (62 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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property at 4108 S 3rd St

$1,095

2 Bedroom, 1 Bath Home for Rent

Available Now

4108 S 3rd St

LouisvilleKY40214

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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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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Kenwood Arms
Studio to 2 Bedroom Apartments

Kenwood Arms

104 Kenwood CtLouisville, KY 40214
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Bellevue Arms
1 to 2 Bedroom Apartments

Bellevue Arms

4652 Bellevue AveLouisville, KY 40215
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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Imperial Arms
1 to 2 Bedroom Apartments

Imperial Arms

4816 S 3rd StLouisville, KY 40214
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Carpenter Apartments
1 to 3 Bedroom Apartments

Carpenter Apartments

3524 Georgetown CirLouisville, KY 40215
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

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 2 Beds unit found at Crossings at Mill Creek priced from $573. Southwood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here are the most affordable Hazelwood apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Crossings at Mill Creek2 Bedroom2BR,2BA$573
Southwood1 Bed, 1 bath1BR,1BA$749
Iroquois Green1 Bedroom - Garden Level1BR,1BA$755
Indigo at the Park1 Bedroom 1 Bathroom1BR,1BA$800
Maple Run Apartments1 Bed/1 Bath1BR,1BA$800
Furlong Apartments2 Bedroom/1Bath2BR,1BA$825
Kenwood Arms1B/1BA1BR,1BA$825
Heritage Green ApartmentsThe Single1BR,1BA$829
Patriot Derby (FKA Vesta Derby Oaks)A11BR,1BA$850
Carpenter Apartments1 Bedroom1BR,1BA$880

Best Value Apartments for Rent in Hazelwood, KY

As of April 12, 2026 the best value apartment in the Hazelwood area is the $1.19 price per square foot 2BR2BA-ADA Model at The Foundry in the in the South Louisville neighborhood starting from $1,213. 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.
The Foundry2BR2BA-ADA2BR,2BA$1.19
By the ParkTwo bedroom2BR,1BA$0.93
Pennacook Pointe2 Bedroom2BR,1BA$1.00
Furlong Apartments2 Bedroom/1Bath2BR,1BA$0.92
Kenwood ArmsKenwood Arms - Waiting List (2b/1b)2BR,1BA$1.13
Maple Run ApartmentsMaple Run | 2b/1ba2BR,1BA$1.07
KensingtonCozy Two Bedroom Apartment Home with Washer/Dry...2BR,1BA$1.21
Bradford Pointe Apartments2BR/1.0BA2BR,1BA$1.10
Indigo at the Park1 Bedroom 1 Bathroom1BR,1BA$1.07
218 W Florence Ave, Unit 2218 W Florence Ave1BR,1BA$1.23

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.

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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

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.

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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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Best Local Schools in
Hazelwood, Louisville, KY

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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 $4,103.

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 14 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 $246 which is $3,857 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.

Articles, How-To's, and Tips

decorative image for The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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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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.

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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.