Cheap Apartments for Rent in the Iroquois Park Neighborhood of Louisville, KY from $500 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Iroquois Park 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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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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Glen Hollow Apartments
1 to 2 Bedroom Apartments

Glen Hollow Apartments

800 Glen Hollow DrLouisville, KY 40214
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Douglas Park Apartments
1 to 3 Bedroom Apartments

Douglas Park Apartments

401 Douglas ParkLouisville, KY 40214
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Meadowood Apartments
2 Bedroom Apartments

Meadowood Apartments

304 Meadowood CtLouisville, KY 40214
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Bellevue Arms
1 to 2 Bedroom Apartments

Bellevue Arms

4652 Bellevue AveLouisville, KY 40215
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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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The Montair
1 to 2 Bedroom Apartments

The Montair

7739 Brookview DrLouisville, KY 40214

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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Kendall Arms
1 Bedroom Apartments

Kendall Arms

1830-1833 Kendall LnLouisville, KY 40216
Senior Living
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New Cut Apartments
1 to 2 Bedroom Apartments

New Cut Apartments

5458 New Cut RdLouisville, KY 40214
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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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Park Place Apartments
2 Bedroom Apartments

Park Place Apartments

7500 Cranfill WayLouisville, KY 40214
Corporate Housing

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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Iroquois Park, Louisville, KY Local Guide

Cheapest Available Iroquois Park Apartments for Rent

 

The cheapest available apartment rental in the Iroquois Park 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 Iroquois Park 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
Yvonne Apartments1BR/1BA1BR,1BA$795
Indigo at the Park1 Bedroom 1 Bathroom1BR,1BA$800
Parkridge Pointe1 Bedroom1BR,1BA$800
Maple Run Apartments1 Bed/1 Bath1BR,1BA$800
Kenwood Arms1B/1BA1BR,1BA$825
Heritage Green ApartmentsThe Single1BR,1BA$829
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$875

Best Value Apartments for Rent in Iroquois Park, KY

As of April 10, 2026 the best value apartment in the Iroquois Park area is the $1.16 price per square foot 2 Bed 1.5 Bath Classic - TH2 Model at Park Place Apartments in the in the South Louisville neighborhood starting from $1,195. The second greatest value Iroquois Park apartment is the 2BR2BA-ADA Model at The Foundry starting at $1,213 with a $1.19 price per square foot in the South Louisville neighborhood. Here is today’s list of the best values for Iroquois Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Place Apartments2 Bed 1.5 Bath Classic - TH22BR,1.5BA$1.16
The Foundry2BR2BA-ADA2BR,2BA$1.19
Pennacook Pointe2 Bedroom2BR,1BA$1.00
Kenwood ArmsKenwood Arms - Waiting List (2b/1b)2BR,1BA$1.13
The Edwin2 Bedroom 1 Bath2BR,1.5BA$1.18
Maple Run ApartmentsMaple Run | 2b/1ba2BR,1BA$1.07
Patriot Crossing2 Bedroom 1 Bath2BR,1BA$1.18
Bradford Pointe Apartments2BR/1.0BA2BR,1BA$1.10
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$1.09
Indigo at the Park1 Bedroom 1 Bathroom1BR,1BA$1.07

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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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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Pet Friendly Lifestyle
Iroquois Park, Louisville, KY

Ranked #86

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Iroquois Park, Louisville, KY

School data provided by Great Schools

Lifestyle Ratings

This website compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States including Iroquois Park, Louisville, and the greater Louisville area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, kid and pet-friendly communities, availability of transit options, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Iroquois Park Apartments

What is the price of a cheap apartment in Iroquois Park?

The cheapest apartment in Iroquois Park is Southwood which is listed at $749, while the average apartment in Iroquois Park costs $1,404.

What types of apartments are the cheapest in Iroquois Park?

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 15 regular apartments in Iroquois Park 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 Iroquois Park?

Cheap apartments in Iroquois Park have an average cost of $337 which is $1,067 cheaper than the average rent for all rentals in Iroquois Park.

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.