Cheap Apartments for Rent in the Park Hill Neighborhood of Louisville, KY from $300 (182 Rentals)

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

property at 1309 Dixie Hwy

$500 - $600

1 Bedroom Rentals

Available Now

1309 Dixie Hwy

LouisvilleKY40210

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.

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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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property at 729 S 39th St

$500 - $800

2 Bedroom Rentals

Available Now

729 S 39th St

LouisvilleKY40211

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.

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property at 2300 W Madison St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

2300 W Madison St

LouisvilleKY40211
property at 421 S 27th St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

421 S 27th St

LouisvilleKY40212

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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property at 1702 S 2nd St

$875 - $1,100

1 To 2 Bedroom Rentals

Available Now

1702 S 2nd St

LouisvilleKY40208
property at 2317 Ratcliffe Ave

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Now

2317 Ratcliffe Ave

LouisvilleKY40210

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers

Stop driving and start living! We highlight the best Louisville neighborhoods—from Beechmont to Audubon Park—with great rentals near top job providers.

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Showing Results 1-50, Page 1 of 4

Park Hill, Louisville, KY Local Guide

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. Lofts on Ormsby has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Park Hill apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
Lofts on OrmsbyStudioStudio,1BA$700
800 Towers ApartmentsStudioStudio,1BA$715
Furlong Apartments2 Bedroom/1Bath2BR,1BA$825

Best Value Apartments for Rent in Park Hill, KY

As of May 26, 2026 the best value apartment in the Park Hill area is the $0.48 price per square foot Julep Model at Derby Row | Student Housing in the in the Phoenix Hill neighborhood starting from $609. The second greatest value Park Hill apartment is the 2014 W Main St Model at 2014 W Main St, Unit 1F starting at $795 with a $0.80 price per square foot in the Portland neighborhood. Here is today’s list of the best values for Park Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Derby Row | Student HousingJulep4BR,4BA$0.48
2014 W Main St, Unit 1F2014 W Main St2BR,1BA$0.80
1436 S 3rd St, Unit #11436 S 3rd St1BR,1BA$0.99
Furlong Apartments2 Bedroom/1Bath2BR,1BA$0.92
The Province (KY)2 Bed - 2 Bath2BR,2BA$1.01
3149 Vermont Ave, Unit 3149 Vermont Ave3149 Vermont Ave2BR,1BA$0.99
2614 W Jefferson St, Unit 42614 W Jefferson St2BR,1BA$1.07
307 Woodbine St, Unit 3307 Woodbine St1BR,1BA$1.11
3124 Vermont Ave3124 Vermont Ave1BR,1BA$1.07
1704 Rowan St, Unit 31704 Rowan St1BR,1BA$1.08

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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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

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Real 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.

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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
Park Hill, Louisville, KY

Ranked #143

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

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 $825.

What is the price of a cheap apartment in Park Hill?

The cheapest apartment in Park Hill is 800 Towers Apartments which is listed at $792, while the average apartment in Park Hill costs $1,703.

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 70 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 $324 which is $1,379 cheaper than the average rent for all rentals in Park Hill.

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

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 The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters article

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.

decorative image for Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers article

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.