Cheap Apartments for Rent in the Prestonia Neighborhood of Louisville, KY from $400 (4 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

close
View Me
Nightingale Apartments
2 Bedroom Apartments

Nightingale Apartments

1447 Nightingale RdLouisville, KY 40213
  • Utilities Included

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

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 ListingModel NameBed/BathPrice Per Sq.Ft.
1458 S 3rd St, Unit 1458 South 3rd Street1458 S 3rd St4BR,2BA$0.80
Icon Apartments2 Bed 1.5 Bath2BR,1.5BA$1.24
The Lux TownhomesThe Lily - Cozy Two Bedroom, One Bath Townhome2BR,1BA$1.22
Kenwood ArmsKenwood Arms - Waiting List (2b/1b)2BR,1BA$1.14
St. Francis ApartmentsThe Bardstown2BR,1BA$1.23
Maple Run ApartmentsMaple Run | 2b/1ba2BR,1BA$1.07
Derby Row | Student HousingThoroughbred2BR,2BA$1.00
4302 Naomi Dr, Unit Apt. #34302 Naomi Dr2BR,1BA$1.03
Eleven Oaks ApartmentsEleven Oaks - 1 Bedroom Apartment1BR,1BA$1.25
708 M St, Unit 3708 M StStudio ,1BA$0.83

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Prestonia, Louisville, KY

Ranked #56

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 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.

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.