
Cheap Apartments for Rent in the Okolona Neighborhood of Louisville, KY from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Okolona area of Louisville.


Whispering Hills Apartments

Cumberland Apartments

Off of Preston Hwy Affordable 1 bed/1 bath...

Affordable 1 bed/1 bath apartments off of ...

3409 Prestwood Dr

Pebble Creek

Applegate Farm Apartments

Falcon Crest Apartments
Okolona, Louisville, KY Local Guide

How much does it cost to rent an apartment in Okolona?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Okolona Studio Apartments | $1,141 | $665 | $1,708 |
| Okolona 1 Bedroom Apartments | $1,039 | $735 | $1,942 |
| Okolona 2 Bedroom Apartments | $1,232 | $835 | $2,339 |
| Okolona 3 Bedroom Apartments | $1,510 | $965 | $2,539 |
| Okolona 4 Bedroom Apartments | $1,799 | $1,699 | $1,899 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Okolona Neighborhood of Louisville, KY.
See all Apartments in LouisvilleExplore Louisville
Okolona, Louisville, KY Local Guide
- Nearby Louisville neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Available Okolona Apartments for Rent
 The cheapest available apartment rental in the Okolona area of Louisville, KY is a 1 Bed unit found at Cumberland Apartments priced from $779. Off of Preston Hwy Affordable 1 bed/1 bath... has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Okolona apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cumberland Apartments | 1 Bed, 1 bath | 1BR,1BA | $779 |
| Off of Preston Hwy Affordable 1 bed/1 bath... | 1BR/1.0BA | 1BR,1BA | $825 |
| Affordable 1 bed/1 bath apartments off of ... | 1BR/1.0BA | 1BR,1BA | $850 |
| Ventana | One Bedroom | One Bathroom | 750 Square Feet B | 1BR,1BA | $860 |
| Falcon Crest Apartments | 1x1 758 | 1BR,1BA | $899 |
Best Value Apartments for Rent in Okolona, KY
As of November 14, 2025 the best value apartment in the Okolona area is the $1.27 price per square foot Three Bedroom | Two Bathroom | 1100 Square Feet Model at Ventana in the in the Highview neighborhood starting from $1,399. The second greatest value Okolona apartment is the 2 Beds, 1 Bath w Fireplace Model at Bonaventure starting at $1,056 with a $1.08 price per square foot in the South Louisville neighborhood. Here is today’s list of the best values for Okolona apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ventana | Three Bedroom | Two Bathroom | 1100 Square Feet | 3BR,2BA | $1.27 |
| Bonaventure | 2 Beds, 1 Bath w Fireplace | 2BR,1BA | $1.08 |
| Eleven Oaks Apartments | Eleven Oaks - 2 Bedroom Townhouse | 2BR,1BA | $1.09 |
| Jefferson Crossings | One Bedroom | 1BR,1BA | $1.20 |
| Maple Valley Apartments | Maple Valley 2 Bedroom | 2BR,1BA | $1.28 |
| The Lux Townhomes | The Lily - Cozy Two Bedroom, One Bath Townhome | 2BR,1BA | $1.22 |
| Chateau Royale Apartments | 2 bed 1 bath | 2BR,1BA | $1.12 |
| Affordable 1 bed/1 bath apartments off of ... | 1BR/1.0BA | 1BR,1BA | $1.10 |
| Falcon Crest Apartments | 1x1 758 | 1BR,1BA | $1.19 |
| Off of Preston Hwy Affordable 1 bed/1 bath... | 1BR/1.0BA | 1BR,1BA | $1.18 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleOkolona, Louisville, KY
Ranked #31
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Okolona, Louisville, KY
School data provided by Great Schools
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Okolona Apartments
What is the price of a cheap apartment in Okolona?
The cheapest apartment in Okolona is Cumberland Apartments which is listed at $779, 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 21 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 $199 which is $1,500 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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.









