Cheap Apartments for Rent in the Russell Neighborhood of Louisville, KY from $500 (22 Rentals)

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

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Zion Manor
1 to 2 Bedroom Apartments

Zion Manor

2201 W Muhammad Ali BlvdLouisville, KY 40212
Senior Living
  • Utilities Included
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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
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Madison Apartments
2 to 3 Bedroom Apartments

Madison Apartments

2901-2975 W Madison StLouisville, KY 40211
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Showing Results 1-22, Page 1 of 1

Russell, Louisville, KY Local Guide

Cheapest Available Russell Apartments for Rent

 

The cheapest available apartment rental in the Russell area of Louisville, KY is a 2 Beds unit found at Gateway on Broadway priced from $542. Jefferson Properties has the second lowest priced unit, which is a 2 Beds apartment currently listed from $917. Here are the most affordable Russell apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Jefferson Properties2bd2BR,1BA$917
The Eclipse in RussellOne Bedroom1BR,1BA$1,000
Beecher Terrace Phase II (0680)1 Bedroom1BR,1BA$1,025
Painters Row1 Bedroom - 1 Bathroom1BR,1BA$1,054

Best Value Apartments for Rent in Russell, KY

As of November 16, 2025 the best value apartment in the Russell 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 Russell apartment is the 1816 W Jefferson St Model at 1816 W Jefferson St, Unit Unit 2 starting at $995 with a $0.90 price per square foot in the Downtown Louisville neighborhood. Here is today’s list of the best values for Russell 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
1816 W Jefferson St, Unit Unit 21816 W Jefferson St2BR,1BA$0.90
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
Jefferson Properties3bd apartment3BR,1BA$1.17
Hampton PlaceTwo Bedroom Apartment2BR,1BA$1.59
2433 Slevin St, Unit 42433 Slevin St2BR,1BA$1.01
Painters Row1 Bedroom - 1 Bathroom1BR,1BA$1.50
Beecher Terrace Phase II (0680)1 Bedroom1BR,1BA$1.63
The Eclipse in RussellOne Bedroom1BR,1BA$1.64

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Pet Friendly Lifestyle
Russell, Louisville, KY

Ranked #147

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Russell, Louisville, KY

School data provided by Great Schools

Frequently Asked Questions about Cheap Russell Apartments

What is the price of a cheap apartment in Russell?

The cheapest apartment in Russell is Gateway on Broadway which is listed at $542, while the average apartment in Russell costs $1,289.

What types of apartments are the cheapest in Russell?

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 10 regular apartments in Russell 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 Russell?

Cheap apartments in Russell have an average cost of $711 which is $578 cheaper than the average rent for all rentals in Russell.

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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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! 

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.