Cheap Apartments for Rent in the Okolona Neighborhood of Louisville, KY from $500 (17 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Okolona area of Louisville.

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.

close
View Me
Eric Court Apartments
1 to 2 Bedroom Apartments

Eric Court Apartments

113 E Eric CtLouisville, KY 40219
  • Utilities Included

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.

close
View Me
Tymberwood Trace
1 to 2 Bedroom Apartments

Tymberwood Trace

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

Valore At The Maples

7500 Dunwoody CtLouisville, KY 40219
Corporate Housing
close
View Me
Oak Run Apartments
2 Bedroom Apartments

Oak Run Apartments

763 McCawley RdLouisville, KY 40219
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

close
View Me
Medallion Court
2 Bedroom Apartments

Medallion Court

4200 Medallion CtLouisville, KY 40219
  • Utilities Included
close
View Me
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 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$910

Best Value Apartments for Rent in Okolona, KY

As of January 02, 2026 the best value apartment in the Okolona area is the $1.26 price per square foot Two Bedroom Two Bathroom 1185 Sq Ft Model at Cooper Creek in the in the South Side neighborhood starting from $1,499. The second greatest value Okolona apartment is the Two Bedroom Model at Jefferson Crossings starting at $1,399 with a $1.21 price per square foot in the South Side 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.
Cooper CreekTwo Bedroom Two Bathroom 1185 Sq Ft2BR,2BA$1.26
Jefferson CrossingsTwo Bedroom2BR,2BA$1.21
VentanaThree Bedroom | Two Bathroom | 1100 Square Feet3BR,2BA$1.27
Jefferson Green2 Bedroom2BR,2BA$1.13
Pebble CreekTwo Bedroom - Townhouse2BR,1.5BA$1.28
Bonaventure2 Beds, 1 Bath w Fireplace2BR,1BA$1.08
The Lux TownhomesThe Lily - Cozy Two Bedroom, One Bath Townhome2BR,1BA$1.22
Serenity Court Apartments2 Bedroom2BR,1BA$1.08
Minor Lane1BR/1.0BA1BR,1BA$1.23
Falcon Crest Apartments1.11BR,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.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

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

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Okolona, Louisville, KY

Ranked #51

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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 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 25 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 $253 which is $1,446 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

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.

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.