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.

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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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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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
Showing Results 1-21, Page 1 of 1

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 $799. Eleven Oaks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $805. Here are the most affordable Okolona apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Cumberland Apartments1 Bed, 1 bath1BR,1BA$799
Eleven Oaks ApartmentsEleven Oaks - 1 Bedroom Apartment1BR,1BA$805
Affordable 1 bed/1 bath apartments off of ...1BR/1.0BA1BR,1BA$825
Minor Lane Apartments1BR/1.0BA1BR,1BA$850
Falcon Crest Apartments1x1 7581BR,1BA$899

Best Value Apartments for Rent in Okolona, KY

As of September 20, 2025 the best value apartment in the Okolona area is the $1.23 price per square foot 1B Model at Covington by the Lake in the in the Highview neighborhood starting from $1,263. The second greatest value Okolona apartment is the 2x1 Model at Tanglewood Apartments starting at $1,161 with a $1.17 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.
Covington by the Lake1B1BR,1BA$1.23
Tanglewood Apartments2x12BR,1BA$1.17
Bonaventure2 Beds, 1 Bath w Fireplace2BR,1BA$1.20
Jefferson CrossingsOne Bedroom1BR,1BA$1.20
The Lux TownhomesThe Lily - Cozy Two Bedroom, One Bath Townhome2BR,1BA$1.22
Chateau Royale Apartments2 bed 1 bath2BR,1BA$1.21
4302 Naomi Dr, Unit Apt. #34302 Naomi Dr2BR,1BA$1.03
Minor Lane Apartments1BR/1.0BA1BR,1BA$1.10
Falcon Crest Apartments1x1 7581BR,1BA$1.19
Affordable 1 bed/1 bath apartments off of ...1BR/1.0BA1BR,1BA$1.18

Quick 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.

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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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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 $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 6 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 $289 which is $1,410 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.

decorative image for The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.