Cheap Apartments for Rent in the Okolona Neighborhood of Louisville, KY from $500 (21 Rentals)

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

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Eric Court Apartments
1 to 2 Bedroom Apartments

Eric Court Apartments

113 E Eric CtLouisville, KY 40219
  • Utilities Included

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Louisville 53
Studio to 2 Bedroom Apartments

Louisville 53

1139 Minor LnLouisville, KY 40219
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Tymberwood Trace
1 to 2 Bedroom Apartments

Tymberwood Trace

7500 Beechview WayLouisville, KY 40219
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Oak Run Apartments
2 Bedroom Apartments

Oak Run Apartments

763 McCawley RdLouisville, KY 40219
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Medallion Court
2 Bedroom Apartments

Medallion Court

4200 Medallion CtLouisville, KY 40219
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Dunwoody Court
1 Bedroom Apartments

Dunwoody Court

7510 Dunwoody CtOkolona, KY 40219
  • Utilities Included

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Okolona, Louisville, KY Local Guide

Cheapest Available Okolona Apartments for Rent

 

The cheapest available apartment rental in the Okolona area of Louisville, KY is a 2 Beds unit found at Louisville 53 priced from $650. Serenity Court Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $741. Here are the most affordable Okolona apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Louisville 532 bedroom, 1 bath2BR,1BA$650
Serenity Court ApartmentsEfficiencyStudio,1BA$741
The Lofts at Pinecroft1 bedroom, 1 bath2BR,1BA$795
Cumberland Apartments1 Bed, 1 bath1BR,1BA$799
Falcon Crest Apartments1x1 7581BR,1BA$899

Best Value Apartments for Rent in Okolona, KY

As of August 04, 2025 the best value apartment in the Okolona area is the $1.04 price per square foot Eleven Oaks - 3 Bedroom Townhouse Model at Eleven Oaks Apartments in the in the Edgewood neighborhood starting from $1,135. The second greatest value Okolona apartment is the 2 Bedroom 2 Bath Model at Lone Oak Meadows starting at $1,209 with a $1.13 price per square foot in the South Side neighborhood. Here is today’s list of the best values for Okolona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eleven Oaks ApartmentsEleven Oaks - 3 Bedroom Townhouse3BR,1BA$1.04
Lone Oak Meadows2 Bedroom 2 Bath2BR,2BA$1.13
The Willard at Preston Crossing1B1BR,1BA$1.19
Jefferson CrossingsOne Bedroom1BR,1BA$1.20
The Lux TownhomesThe Lily - Cozy Two Bedroom, One Bath Townhome2BR,1BA$1.22
Bonaventure2 Beds, 1 Bath2BR,1BA$1.23
Serenity Court Apartments2 Bedroom2BR,1BA$1.08
4302 Naomi Dr, Unit Apt. #34302 Naomi Dr2BR,1BA$1.06
Falcon Crest Apartments1x1 7581BR,1BA$1.19
The Lofts at Pinecroft1 bedroom, 1 bath2BR,1BA$1.14

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Pet Friendly Lifestyle
Okolona, Louisville, KY

Ranked #38

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Kentucky and customized analysis for Louisville, Kentucky. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Okolona Neighborhood in Louisville, KY

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

32 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Okolona Apartments

What is a cheap apartment in Okolona?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Okolona is under $1,050.

What is the price of a cheap apartment in Okolona?

The cheapest apartment in Okolona is Cumberland Apartments which is listed at $799, while the average apartment in Okolona costs $1,699.

What types of apartments are the cheapest in Okolona?

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 9 regular apartments in Okolona 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 Okolona?

Cheap apartments in Okolona have an average cost of $312 which is $1,387 cheaper than the average rent for all rentals in Okolona.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.