close
View Me
from $200Studio to 1 Bedroom Apartments Available Now
The Puritan Senior Living - 62 & Over
1244 S 4th StLouisville, KY 40203
Cheap Apartments for Rent in the Park Hill Neighborhood of Louisville, KY from $300 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park Hill area of Louisville.
close
View Me
from $5421 to 2 Bedroom Apartments Available Now
Gateway on Broadway
1405 W BroadwayLouisville, KY 40203
3124 Vermont Ave
LouisvilleKY40211
close
View Me
1002 S 28th St
LouisvilleKY40211
close
View Me
from $6951 Bedroom Apartment Available Now
3149 Vermont Ave, Unit 3
3149 Vermont AveLouisville, KY 40211
4116 W Broadway
LouisvilleKY40211
close
View Me
from $724Studio to 2 Bedroom Apartments Contact Us For Availability
Painters Row
1409-1427 Lytle StLouisville, KY 40203
close
View Me
Rent Specials
from $725Studio to 2 Bedroom Apartments Available Aug 14
Lofts on Ormsby
512 W Ormsby AveLouisville, KY 40203
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.
732 S 32nd St
LouisvilleKY40211
1144 S 3rd St
LouisvilleKY40203
1231 S 4th St
LouisvilleKY40203
2816 W Kentucky St
LouisvilleKY40211
227 W Breckinridge St
LouisvilleKY40203
close
View Me
Rent Specials
from $799Studio to 1 Bedroom Apartments Available Now
Vue at 3rd Street
537 S 3rd StLouisville, KY 40202
close
View Me
from $8001 to 3 Bedroom Apartments Available Now
The Cornerstone
236 E Kentucky StLouisville, KY 40203
2733 Dumesnil St
LouisvilleKY40211
1215 S 1st St
LouisvilleKY40203
1720 W Chestnut St
LouisvilleKY40203
730 M St
LouisvilleKY40208
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
from $8501 to 3 Bedroom Apartments Available Now
Vesta Derby Oaks (Patriot Derby)
3237 Utah AveLouisville, KY 40215
close
View Me
Rent Specials
from $865Studio to 2 Bedroom Apartments Available Now
800 Towers Apartments
800 S 4th StLouisville, KY 40203
close
View Me
from $8761 Bedroom Apartments Contact Us For Availability
J.O. Blanton House - Senior Living
850 W Muhammad Ali BlvdLouisville, KY 40203
close
View Me
from $8901 to 2 Bedroom Apartments Available Now
The St. Francis Apartments
233 W BroadwayLouisville, KY 40202
3042 Greenwood Ave
LouisvilleKY40211
close
View Me
close
View Me
close
View Me
1 to 2 Bedroom Apartments
West Louisville - 1836 Algonquin Pkwy
1836 Algonquin PkwyLouisville, KY 40210
close
View Me
close
View Me
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Studio to 1 Bedroom Apartments
The Hillebrand House - Senior Living
1235 S 3rd StLouisville, KY 40203
close
View Me
close
View Me
close
View Me
Studio to 1 Bedroom Apartments
Chapel House Senior Apartments - Age 62+
945 S 4th StLouisville, KY 40203
Park Hill - One of the Best Affordable Neighborhoods in Louisville
Named as one of the Best Affordable Neighborhoods to rent in Louisville by our Louisville, KY Local Expert Mike Heuer. See how it ranks!
close
View Me
close
View Me
close
View Me
Park Hill, Louisville, KY Local Guide
How much does it cost to rent an apartment in Park Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Hill Studio Apartments | $1,055 | $200 | $1,669 |
| Park Hill 1 Bedroom Apartments | $1,197 | $200 | $3,032 |
| Park Hill 2 Bedroom Apartments | $1,268 | $542 | $3,835 |
| Park Hill 3 Bedroom Apartments | $1,216 | $675 | $2,025 |
| Park Hill 4 Bedroom Apartments | $1,010 | $535 | $1,485 |
Browse Apartments in this Neighborhood
There are currently 51 rentals with your search options within a 2 mile radius of the Park Hill Neighborhood of Louisville, KY.
See all Apartments in LouisvilleExplore Louisville
Park Hill, Louisville, KY Local Guide
- Nearby Louisville neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Park Hill Apartments for Rent
The cheapest available apartment rental in the Park Hill area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. Gateway on Broadway has the second lowest priced unit, which is a 2 Beds apartment currently listed from $542. Here are the most affordable Park Hill apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Puritan Senior Living - 62 & Over | Studio | Studio,1BA | $200 |
| Gateway on Broadway | Two Bedroom | 2BR,1BA | $542 |
| Yugo Louisville Nine | 4 Bed, 4 Bath Classic Balcony | 4BR,4BA | $709 |
| Vue at 3rd Street | Studio | Studio,1BA | $799 |
| The Cornerstone | 1 Bedroom | 1BR,1BA | $800 |
| Vesta Derby Oaks (Patriot Derby) | B1 UPG | 2BR,1BA | $850 |
| 800 Towers Apartments | Studio | Studio,1BA | $865 |
| The St. Francis Apartments | 1BR1BA | 1BR,1BA | $890 |
Best Value Apartments for Rent in Park Hill, KY
As of June 24, 2025 the best value apartment in the Park Hill area is the $1.05 price per square foot 1445 S 3rd St Model at 1445 S 3rd St, Unit 7 in the in the Phoenix Hill neighborhood starting from $4,200. The second greatest value Park Hill apartment is the 3 Beds, 1.5 Baths Model at 1524 S 4th St starting at $1,250 with a $1.14 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for Park Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1445 S 3rd St, Unit 7 | 1445 S 3rd St | 6BR,3BA | $1.05 |
| 1524 S 4th St | 3 Beds, 1.5 Baths | 3BR,1.5BA | $1.14 |
| Gateway on Broadway | One Bedroom | 1BR,1BA | $0.50 |
| 1308 S 6th St, Unit 2 | 1308 S 6th St | 1BR,1BA | $1.10 |
| 500 W Saint Catherine St, Unit 1 | 500 W Saint Catherine St | 2BR,1BA | $1.10 |
| Yugo Louisville Nine | 2 Bed, 2 Bath Classic Pool View | 2BR,2BA | $1.05 |
| Derby Row | Student Housing | Thoroughbred | 2BR,2BA | $0.98 |
| The Cornerstone | 1 Bedroom | 1BR,1BA | $1.14 |
| 3149 Vermont Ave, Unit 3 | 3149 Vermont Ave | 1BR,1BA | $1.10 |
| 200 N 18th St, Unit 1 | 200 N 18th St | 1BR,1BA | $1.10 |
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.
Let everyone know!
Do you know the Park Hill area?
If you’re an expert on all things Park Hill, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestylePark Hill, Louisville, KY
Ranked #40
Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Park Hill, Louisville, KY
School data provided by Great Schools
Lifestyle Ratings
This website compares millions of points of data to bring you Lifestyle Ratings of rentals in areas across the United States including Park Hill, Louisville, and the greater Louisville area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, transit availability, pet-friendly communities, features that make it easier to raise kids, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Park Hill Neighborhood in Louisville, KY
Walk Score®
51 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
68 / 100
Bikeable
Some bike infrastructure
Transit Score®
44 / 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 Park Hill Apartments
What is a cheap apartment in Park Hill?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Park Hill is under $890.
What is the price of a cheap apartment in Park Hill?
The cheapest apartment in Park Hill is Gateway on Broadway which is listed at $542, while the average apartment in Park Hill costs $4,200.
What types of apartments are the cheapest in Park Hill?
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 75 regular apartments in Park Hill 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 Park Hill?
Cheap apartments in Park Hill have an average cost of $292 which is $3,908 cheaper than the average rent for all rentals in Park Hill.
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.