Cheap Apartments for Rent in the Prestonia Neighborhood of Louisville, KY from $600 (15 Rentals)

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

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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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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Prestonia, Louisville, KY Local Guide

Cheapest Available Prestonia Apartments for Rent

 

The cheapest available apartment rental in the Prestonia area of Louisville, KY is a 1 Bed unit found at Heritage Green Apartments priced from $829. Preston Oaks has the second lowest priced unit, which is a 1 Bed apartment currently listed from $829. Here are the most affordable Prestonia apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Heritage Green ApartmentsThe Single1BR,1BA$829
Preston OaksMustang1BR,1BA$829
Tanglewood Apartments1x11BR,1BA$866
1417 Nightingale RdHeights at Audubon 1BR1BR,1BA$875
Icon ApartmentsCedar1BR,1BA$879

Best Value Apartments for Rent in Prestonia, KY

As of June 11, 2026 the best value apartment in the Prestonia area is the $0.85 price per square foot 2010 Kenilworth Pl Model at 2010 Kenilworth Pl, Unit #1 in the in the Hayfield Dundee neighborhood starting from $2,200. The second greatest value Prestonia apartment is the 1461 S 1st St Model at 1461 S 1st St, Unit Apt 2 starting at $1,300 with a $1.00 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for Prestonia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2010 Kenilworth Pl, Unit #12010 Kenilworth Pl4BR,1BA$0.85
1461 S 1st St, Unit Apt 21461 S 1st St2BR,1BA$1.00
Derby Row | Student HousingJulep4BR,4BA$0.51
1436 S 3rd St1436 S 3rd St2BR,2BA$1.07
Willow Place ApartmentsTwo bedroom2BR,1BA$0.91
Tanglewood Apartments2x12BR,1BA$1.17
The LuxThe Lily - Cozy Two Bedroom, One Bath Townhome2BR,1BA$1.24
Maple Run ApartmentsMaple Run | 2b/1ba2BR,1BA$1.07
1417 Nightingale RdHeights at Audubon 2BR2BR,1BA$1.26
Icon ApartmentsCedar1BR,1BA$1.17

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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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
Prestonia, 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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Frequently Asked Questions about Cheap Prestonia Apartments

What is the price of a cheap apartment in Prestonia?

The cheapest apartment in Prestonia is Heritage Green Apartments which is listed at $829, while the average apartment in Prestonia costs $1,220.

What types of apartments are the cheapest in Prestonia?

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 27 regular apartments in Prestonia 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 Prestonia?

Cheap apartments in Prestonia have an average cost of $377 which is $843 cheaper than the average rent for all rentals in Prestonia.

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.

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Bourbon, Baseball, and the Blues: Your Insiders 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.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.