Cheap Apartments for Rent in the Prestonia Neighborhood of Louisville, KY from $400 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prestonia area of Louisville.

4014 Southern Pky, Unit 2F- Top
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.

Woodsmill Apartments
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.
Prestonia, Louisville, KY Local Guide

How much does it cost to rent an apartment in Prestonia?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Prestonia Studio Apartments | $1,034 | $495 | $1,638 |
Prestonia 1 Bedroom Apartments | $1,154 | $595 | $2,100 |
Prestonia 2 Bedroom Apartments | $1,426 | $765 | $2,750 |
Prestonia 3 Bedroom Apartments | $1,194 | $675 | $2,025 |
Prestonia 4 Bedroom Apartments | $830 | $535 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Prestonia Neighborhood of Louisville, KY.
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Prestonia, Louisville, KY Local Guide
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Best Value Apartments for Rent in Prestonia, KY
As of September 15, 2025 the best value apartment in the Prestonia area is the $0.80 price per square foot 1458 S 3rd St Model at 1458 S 3rd St, Unit 1458 South 3rd Street in the in the Phoenix Hill neighborhood starting from $2,000. The second greatest value Prestonia apartment is the 2 Bed 1.5 Bath Model at Icon Apartments starting at $1,180 with a $1.24 price per square foot in the Hayfield Dundee neighborhood. Here is today’s list of the best values for Prestonia apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1458 S 3rd St, Unit 1458 South 3rd Street | 1458 S 3rd St | 4BR,2BA | $0.80 |
Icon Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.24 |
The Lux Townhomes | The Lily - Cozy Two Bedroom, One Bath Townhome | 2BR,1BA | $1.22 |
Kenwood Arms | Kenwood Arms - Waiting List (2b/1b) | 2BR,1BA | $1.14 |
St. Francis Apartments | The Bardstown | 2BR,1BA | $1.23 |
Maple Run Apartments | Maple Run | 2b/1ba | 2BR,1BA | $1.07 |
Derby Row | Student Housing | Thoroughbred | 2BR,2BA | $1.00 |
4302 Naomi Dr, Unit Apt. #3 | 4302 Naomi Dr | 2BR,1BA | $1.03 |
Eleven Oaks Apartments | Eleven Oaks - 1 Bedroom Apartment | 1BR,1BA | $1.25 |
708 M St, Unit 3 | 708 M St | Studio ,1BA | $0.83 |
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Pet Friendly LifestylePrestonia, Louisville, KY
Ranked #56
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Prestonia Neighborhood in Louisville, KY
Walk Score®
51 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
33 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Prestonia Apartments
What is a cheap apartment in Prestonia?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prestonia is under $910.
What is the price of a cheap apartment in Prestonia?
The cheapest apartment in Prestonia is Eleven Oaks Apartments which is listed at $805, while the average apartment in Prestonia costs $1,149.
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 19 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 $431 which is $718 cheaper than the average rent for all rentals in Prestonia.
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.

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.

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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.