Cheap Homes for Rent in Park Hill Neighborhood of Louisville, KY from $400 (28 Rentals)

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

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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
Vue at 3rd StreetStudioStudio,1BA$799
Cardinal Village Apartments1x1 Lower Level1BR,1BA$910
800 Towers ApartmentsStudioStudio,1BA$910
Jefferson Properties3bd House3BR,2BA$926
Flats on FifthThe Volstead1BR,1BA$953
Crescent Centre Apartments & TownhomesOne Bedroom-615 sqft1BR,1BA$965

Best Value Apartments for Rent in Park Hill, KY

As of July 29, 2025 the best value apartment in the Park Hill area is the $1.00 price per square foot 3 Bedroom Model at The Cornerstone in the in the Medical Center neighborhood starting from $1,200. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Cornerstone3 Bedroom3BR,1BA$1.00
1524 S 4th St3 Beds, 1.5 Baths3BR,1.5BA$1.14
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
425 Shelby Pkwy, Unit 3425 Shelby Pkwy2BR,1BA$1.19
Whiskey Row LoftsStudioStudio ,1BA$1.41
The St. Francis Apartments2BR2BA2BR,2BA$1.28
Yugo Louisville Nine2 Bed, 2 Bath Classic Pool View2BR,2BA$1.05
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
Derby Row | Student HousingThoroughbred2BR,2BA$1.00
226 W Burnett Ave, Unit 218226 W Burnett Ave2BR,1BA$1.33

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Frequently Asked Questions about Park Hill

What type of rentals are currently available in Park Hill?

There are currently 666 Apartments for Rent in Park Hill, KY with pricing that ranges from $200 to $4,300. There are also 184 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Hill ranging from $400 to $8,750.

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 $400 to $8,750 with an average monthly rent of $1,292.

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 $2,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $3,200. Four Bedroom Single-Family rentals are also available starting from $400 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.

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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.

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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.

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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.

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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.