
Cheap Homes for Rent in Okolona Neighborhood of Louisville, KY from $1,400 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Okolona area of Louisville.


4213 Norene Ln, Unit 3

4607 Caspian Dr

1645 Rangeland Rd

5414 Robinwood Rd

5603 Regal Dr

4926 Daleray Dr
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

5605 Butternut Rd

5613 Norton Ave

4113 Wooded Way

5531 Halstead Ave

8605 Moody Rd

9716 Turnpike View Dr

7901 Bridlewood Pl
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.
Okolona, Louisville, KY Local Guide

How much does it cost to rent a home in Okolona?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Okolona 2 Bedroom Homes for Rent | $1,575 | $1,500 | $1,650 |
| Okolona 3 Bedroom Homes for Rent | $1,639 | $1,400 | $2,055 |
| Okolona 4 Bedroom Homes for Rent | $2,172 | $1,572 | $2,700 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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 $799. 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 | $799 |
| Eleven Oaks Apartments | 1B/1BA | 1BR,1BA | $837 |
| Falcon Crest Apartments | 1.1 | 1BR,1BA | $899 |
| Pinecroft Apartments | 1BR/1.0BA | 1BR,1BA | $925 |
Best Value Apartments for Rent in Okolona, KY
As of June 04, 2026 the best value apartment in the Okolona area is the $1.21 price per square foot 2B Model at Covington by the Lake in the in the Highview neighborhood starting from $1,466. The second greatest value Okolona apartment is the 3 Bedroom Model at Jefferson Green starting at $1,398 with a $1.18 price per square foot in the Edgewood 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. |
|---|---|---|---|
| Covington by the Lake | 2B | 2BR,2BA | $1.21 |
| Jefferson Green | 3 Bedroom | 3BR,2BA | $1.18 |
| Jefferson Crossings | Two Bedroom | 2BR,2BA | $1.13 |
| Woodgate Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.03 |
| Tanglewood Apartments | 2x1 | 2BR,1BA | $1.17 |
| 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 |
| Minor Lane | Minor Ln 1BR | 1BR,1BA | $1.23 |
| 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.
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 #56
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
Frequently Asked Questions about Okolona
What type of rentals are currently available in Okolona?
There are currently 116 Apartments for Rent in Okolona, KY with pricing that ranges from $685 to $2,539. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Okolona ranging from $1,400 to $2,700.
What is the current price range for Rental Homes in Okolona?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Okolona ranges from $1,400 to $2,700 with an average monthly rent of $1,795.
How much are larger Three and Four Bedroom Rentals in Okolona?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Okolona range from $995 to $2,539, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,055. Four Bedroom Single-Family rentals are also available starting from $1,572 and Four Bedroom Apartments start at $1,810.
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.
Helpful Local Expert Guides

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.

The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Written by: Mike Heuer
Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Written by: Mike Heuer
Kentucky is a business-friendly commonwealth, and Louisville is its largest city. It also is home to many great employers who pay well, and their workers have lots of great choices in neighborhoods to rent great apartments.
Articles, How-To's, and Tips

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.