Cheap Apartments for Rent in the Park Hill Neighborhood of Louisville, KY from $355 (148 Rentals)

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

Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

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property at 1735 W Hill St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

2 Bedroom, 1 Bath Home for Rent

Available Now

1735 W Hill St

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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property at 1310 S 6th St

$795 - $825

Studio To 1 Bedroom Rentals

Available Now

1310 S 6th St

LouisvilleKY40208

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!

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property at 2317 Ratcliffe Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

2317 Ratcliffe Ave

LouisvilleKY40210

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Showing Results 1-50, Page 1 of 3

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. 1128 S. 3rd has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. 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
1128 S. 3rd1BR/1.0BA1BR,1BA$695
Western Arms Apartment Homes (DBA)1BR/1.0BA1BR,1BA$695
800 Towers ApartmentsStudioStudio,1BA$719
1388 S 2nd1BR/1.0BA1BR,1BA$755
Old Louisville - 1219 S 6th StS6th01Studio,1BA$795

Best Value Apartments for Rent in Park Hill, KY

As of August 25, 2026 the best value apartment in the Park Hill area is the $0.83 price per square foot 2BR/1.0BA Model at 1390 S. 1st in the in the Phoenix Hill neighborhood starting from $1,200. The second greatest value Park Hill apartment is the 4x4 Model at The Nine starting at $819 with a $0.58 price per square foot in the Downtown Louisville 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.
1390 S. 1st2BR/1.0BA2BR,1BA$0.83
The Nine4x44BR,4BA$0.58
Brexx at LouisvilleBirchmore 2x22BR,2BA$0.80
2014 W Main St, Unit 1F2014 W Main St2BR,1BA$0.75
Furlong Apartments2 Bedroom/1Bath2BR,1BA$0.92
3149 Vermont Ave, Unit 43149 Vermont Ave2BR,1BA$1.00
200 N 18th St, Unit 200 N 18th St200 N 18th St2BR,1BA$1.01
Western Arms Apartment Homes (DBA)1BR/1.0BA1BR,1BA$0.99
3124 Vermont Ave, Unit 13124 Vermont Ave1BR,1BA$1.00
The Puritan Senior Living - 62 & OverStudioStudio ,1BA$0.44

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 #74

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 $795.

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

The cheapest apartment in Park Hill is 1128 S. 3rd which is listed at $695, while the average apartment in Park Hill costs $1,025.

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 81 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 $552 which is $473 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 Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky article

Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

Written by: Mike Heuer

Louisville is one great city in which to visit, live, work, and raise a family. It has excellent and reasonably affordable housing, great neighborhoods, and a whole lot more to offer its residents and visitors alike.

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.

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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 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.

Articles, How-To's, and Tips

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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