
Cheap Apartments for Rent in the Okolona Neighborhood of Louisville, KY from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Okolona area of Louisville.


Whispering Hills Apartments

Serenity Court Apartments

3409 Prestwood Dr

Cumberland Apartments

Eleven Oaks Apartments
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Pebble Creek

Applegate Farm Apartments

Falcon Crest Apartments

Markwell Village

Eric Court Apartments

Tymberwood Trace
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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 | $963 | $665 | $1,274 |
| Okolona 1 Bedroom Apartments | $1,087 | $735 | $1,706 |
| Okolona 2 Bedroom Apartments | $1,309 | $750 | $2,339 |
| Okolona 3 Bedroom Apartments | $1,600 | $965 | $2,519 |
| Okolona 4 Bedroom Apartments | $1,799 | $1,699 | $1,899 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Okolona Neighborhood of Louisville, KY.
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Okolona, Louisville, KY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Serenity Court Apartments | Efficiency | Studio,1BA | $741 |
| Cumberland Apartments | 1 Bed, 1 bath | 1BR,1BA | $779 |
| Pebble Creek | One Bedroom - Regular | 1BR,1BA | $894 |
| Falcon Crest Apartments | 1.1 | 1BR,1BA | $899 |
| Markwell Village | MW-1BR1B 2ND | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Willard at Preston Crossing | 2B | 2BR,2BA | $1.20 |
| Covington by the Lake | 2B | 2BR,2BA | $1.25 |
| Jefferson Green | 3 Bedroom | 3BR,2BA | $1.18 |
| Jefferson Crossings | Two Bedroom | 2BR,2BA | $1.21 |
| Woodgate Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.03 |
| Maple Valley Apartments | maple valley 3bd | 3BR,1BA | $1.15 |
| Bonaventure | 2 Beds, 1 Bath w Fireplace | 2BR,1BA | $1.12 |
| The Lux Townhomes | The Lily - Cozy Two Bedroom, One Bath Townhome | 2BR,1BA | $1.24 |
| Serenity Court Apartments | 2 Bedroom | 2BR,1BA | $1.08 |
| Falcon Crest Apartments | 1.1 | 1BR,1BA | $1.19 |
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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Read ArticleThe 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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleOkolona, Louisville, KY
Ranked #60
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!
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

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.

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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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.