Cheap Apartments for Rent in the Okolona Neighborhood of Louisville, KY from $500 (18 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
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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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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 to 2 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 Studio unit found at Serenity Court Apartments priced from $741. Cumberland Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $779. Here are the most affordable Okolona apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Serenity Court ApartmentsEfficiencyStudio,1BA$741
Cumberland Apartments1 Bed, 1 bath1BR,1BA$779
Pebble CreekOne Bedroom - Regular1BR,1BA$894
Falcon Crest Apartments1.11BR,1BA$899
Markwell VillageMW-1BR1B 2ND1BR,1BA$900

Best Value Apartments for Rent in Okolona, KY

As of February 18, 2026 the best value apartment in the Okolona area is the $1.20 price per square foot 2B Model at The Willard at Preston Crossing in the in the South Side neighborhood starting from $1,454. The second greatest value Okolona apartment is the 2B Model at Covington by the Lake starting at $1,525 with a $1.25 price per square foot in the Highview 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.
The Willard at Preston Crossing2B2BR,2BA$1.20
Covington by the Lake2B2BR,2BA$1.25
Jefferson Green3 Bedroom3BR,2BA$1.18
Jefferson CrossingsTwo Bedroom2BR,2BA$1.21
Woodgate Apartments2 Bedroom, 1 Bath2BR,1BA$1.03
Maple Valley Apartmentsmaple valley 3bd3BR,1BA$1.15
Bonaventure2 Beds, 1 Bath w Fireplace2BR,1BA$1.12
The Lux TownhomesThe Lily - Cozy Two Bedroom, One Bath Townhome2BR,1BA$1.24
Serenity Court Apartments2 Bedroom2BR,1BA$1.08
Falcon Crest Apartments1.11BR,1BA$1.19

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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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Quick Rent Budget Calculator

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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
Okolona, Louisville, KY

Ranked #60

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!

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 $995.

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 18 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 $269 which is $1,430 cheaper than the average rent for all rentals in Okolona.

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

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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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.