Cheap Homes for Rent in Park Hill Neighborhood of Louisville, KY from $600 (40 Rentals)

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

property at 1048 S 36th St

1048 S 36th St

LouisvilleKY40211

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.

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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.

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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.

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property at 1417 S 3rd St

1417 S 3rd 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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Showing Results 1-40, Page 1 of 1

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. 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 ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Yugo Louisville Nine4 Bed, 4 Bath Classic Balcony4BR,4BA$709
Lofts on OrmsbyStudioStudio,1BA$725
Madison Apartments2 Bedroom2BR,1BA$745
Vue at 3rd StreetStudioStudio,1BA$799
The Cornerstone1 Bedroom1BR,1BA$800
Vesta Derby Oaks (Patriot Derby)B1 UPG2BR,1BA$850

Best Value Apartments for Rent in Park Hill, KY

As of June 01, 2025 the best value apartment in the Park Hill area is the $0.50 price per square foot One Bedroom Model at Gateway on Broadway in the in the Phoenix Hill neighborhood starting from $542. The second greatest value Park Hill apartment is the 1303 S 1st St Model at 1303 S 1st St starting at $1,000 with a $1.00 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
1303 S 1st St1303 S 1st St1BR,1BA$1.00
500 W Saint Catherine St, Unit 1500 W Saint Catherine St2BR,1BA$1.10
1308 S 6th St, Unit 21308 S 6th St1BR,1BA$1.10
1816 W Jefferson St, Unit #31816 W Jefferson St2BR,1BA$1.06
1816 W Jefferson St, Unit 31816 W Jefferson St2BR,1BA$1.06
Yugo Louisville Nine2 Bed, 2 Bath Classic Pool View2BR,2BA$1.05
Madison Apartments2 Bedroom2BR,1BA$0.93
200 N 18th St, Unit 4200 N 18th St2BR,1BA$1.02
2614 W Jefferson St, Unit 42614 W Jefferson St2BR,1BA$1.05

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Frequently Asked Questions about Park Hill

What type of rentals are currently available in Park Hill?

There are currently 652 Apartments for Rent in Park Hill, KY with pricing that ranges from $200 to $4,900. There are also 147 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Hill ranging from $649 to $28,000.

What is the current price range for Rental Homes in Park Hill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Park Hill ranges from $649 to $28,000 with an average monthly rent of $1,783.

How much are larger Three and Four Bedroom Rentals in Park Hill?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Park Hill range from $675 to $2,025, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $1,825. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $535.

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.