Cheap Apartments for Rent in the Portland Neighborhood of Louisville, KY from $600 (16 Rentals)

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

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St. Cecilia Apartments
1 Bedroom Apartments

St. Cecilia Apartments

2530 Slevin StLouisville, KY 40212
Senior Living
  • Utilities Included
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Rowan Place
1 to 2 Bedroom Apartments

Rowan Place

2132 Rowan StLouisville, KY 40212
Senior Living
  • Utilities Included

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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2230 W Main St
2 Bedroom Apartments

2230 W Main St

2230 W Main StLouisville, KY 40212
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719 Cedar Grove Ter
1 to 2 Bedroom Apartments

719 Cedar Grove Ter

719 Cedar Grove TerLouisville, KY 40212

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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3411 Rudd Ave
2 to 3 Bedroom Apartments

3411 Rudd Ave

3411 Rudd AveLouisville, KY 40212
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219 S 28th St
1 Bedroom Apartments

219 S 28th St

219 S 28th StLouisville, KY 40212
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2032 W Market St
1 Bedroom Apartments

2032 W Market St

2032 W Market StLouisville, KY 40203

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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2105 Rowan St
1 to 2 Bedroom Apartments

2105 Rowan St

2105 Rowan StLouisville, KY 40212
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Portland Plaza
1 Bedroom Apartments

Portland Plaza

3400 Portland PlzLouisville, KY 40212
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Saint Columba Court
Studio to 2 Bedroom Apartments

Saint Columba Court

3530-3540 W Market StLouisville, KY 40212
Senior Living
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2120 W Market St
Studio Apartments

2120 W Market St

2120 W Market StLouisville, KY 40212

Portland, Louisville, KY Local Guide

Cheapest Available Portland Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Montgomery ApartmentsTwo Bedroom2BR,1BA$930

Best Value Apartments for Rent in Portland, KY

As of September 18, 2025 the best value apartment in the Portland area is the $0.81 price per square foot 2101 Saint Xavier St Model at 2101 Saint Xavier St, Unit 1F in the in the Portland neighborhood starting from $895. The second greatest value Portland apartment is the 2433 Slevin St Model at 2433 Slevin St, Unit 4 starting at $775 with a $1.05 price per square foot in the Portland neighborhood. Here is today’s list of the best values for Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
2433 Slevin St, Unit 42433 Slevin St2BR,1BA$1.05

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.

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Pet Friendly Lifestyle
Portland, Louisville, KY

Ranked #165

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Portland Neighborhood in Louisville, KY

Walk Score®

57 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

66 / 100

Bikeable

Some bike infrastructure

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Portland Apartments

What types of apartments are the cheapest in Portland?

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 2 regular apartments in Portland that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.