Cheap Apartments for Rent in the Prestonia Neighborhood of Louisville, KY from $500 (9 Rentals)

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

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Nightingale Apartments
2 Bedroom Apartments

Nightingale Apartments

1447 Nightingale RdLouisville, KY 40213
  • Utilities Included

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 Kenwood Arms priced from $825. Heritage Green Apartments 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
Kenwood ArmsKenwood Arms - 1b/1ba1BR,1BA$825
Heritage Green ApartmentsThe Single1BR,1BA$829
Icon Apartments1 Bed 1 Bath1BR,1BA$899

Best Value Apartments for Rent in Prestonia, KY

As of November 01, 2025 the best value apartment in the Prestonia area is the $1.00 price per square foot 621 E Burnett Ave Model at 621 E Burnett Ave, Unit A in the in the Phoenix Hill neighborhood starting from $995. The second greatest value Prestonia apartment is the 2x1 Model at Tanglewood Apartments starting at $1,136 with a $1.15 price per square foot in the South Louisville 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.
621 E Burnett Ave, Unit A621 E Burnett Ave2BR,1BA$1.00
Tanglewood Apartments2x12BR,1BA$1.15
1235 Lydia St, Unit # 11235 Lydia St2BR,1BA$1.31
The Lux TownhomesThe Lily - Cozy Two Bedroom, One Bath Townhome2BR,1BA$1.22
Kenwood ArmsKenwood Arms - Waiting List (2b/1b)2BR,1BA$1.13
Maple Run ApartmentsMaple Run | 2b/1ba2BR,1BA$1.07
Derby Row | Student HousingBelmont2BR,2BA$1.02
1386 S 3rd St3rd Floor2BR,1BA$1.19
Icon Apartments1 Bed 1 Bath1BR,1BA$1.20
226 W Burnett Ave, Unit 218226 W Burnett Ave2BR,1BA$1.33

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

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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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Pet Friendly Lifestyle
Prestonia, Louisville, KY

Ranked #75

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

Frequently Asked Questions about Cheap Prestonia Apartments

What is the price of a cheap apartment in Prestonia?

The cheapest apartment in Prestonia is Kenwood Arms which is listed at $825, while the average apartment in Prestonia costs $1,139.

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 33 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 $612 which is $527 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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.