Cheap Apartments for Rent in the Okolona Neighborhood of Louisville, KY from $500 (19 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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Tymberwood Trace
1 to 2 Bedroom Apartments

Tymberwood Trace

7500 Beechview WayLouisville, KY 40219
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Valore At The Maples
1 to 2 Bedroom Apartments

Valore At The Maples

7500 Dunwoody CtLouisville, KY 40219
Corporate Housing
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Medallion Court
2 Bedroom Apartments

Medallion Court

4200 Medallion CtLouisville, KY 40219
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Oak Run Apartments
2 Bedroom Apartments

Oak Run Apartments

763 McCawley RdLouisville, KY 40219
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Dunwoody Court
1 to 2 Bedroom Apartments

Dunwoody Court

7510 Dunwoody CtOkolona, KY 40219
  • Utilities Included

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 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 ListingModel NameBed/BathPriced From
Cumberland Apartments1 Bed, 1 bath1BR,1BA$779
Off of Preston Hwy Affordable 1 bed/1 bath...1BR/1.0BA1BR,1BA$825
Affordable 1 bed/1 bath apartments off of ...1BR/1.0BA1BR,1BA$850
VentanaOne Bedroom | One Bathroom | 750 Square Feet B1BR,1BA$860
Falcon Crest Apartments1x1 7581BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
VentanaThree Bedroom | Two Bathroom | 1100 Square Feet3BR,2BA$1.27
Bonaventure2 Beds, 1 Bath w Fireplace2BR,1BA$1.08
Eleven Oaks ApartmentsEleven Oaks - 2 Bedroom Townhouse2BR,1BA$1.09
Jefferson CrossingsOne Bedroom1BR,1BA$1.20
Maple Valley ApartmentsMaple Valley 2 Bedroom2BR,1BA$1.28
The Lux TownhomesThe Lily - Cozy Two Bedroom, One Bath Townhome2BR,1BA$1.22
Chateau Royale Apartments2 bed 1 bath2BR,1BA$1.12
Affordable 1 bed/1 bath apartments off of ...1BR/1.0BA1BR,1BA$1.10
Falcon Crest Apartments1x1 7581BR,1BA$1.19
Off of Preston Hwy Affordable 1 bed/1 bath...1BR/1.0BA1BR,1BA$1.18

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Pet Friendly Lifestyle
Okolona, Louisville, KY

Ranked #31

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 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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.