Cheap Apartments for Rent in the Russell Neighborhood of Louisville, KY from $500 (54 Rentals)

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

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

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.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
close
View Me
Zion Manor
1 to 2 Bedroom Apartments

Zion Manor

2201 W Muhammad Ali BlvdLouisville, KY 40212
Senior Living
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
close
View Me
St. Cecilia Apartments
1 Bedroom Apartments

St. Cecilia Apartments

2530 Slevin StLouisville, KY 40212
Senior Living
  • Utilities Included
close
View Me
Madison Apartments
2 Bedroom Apartments

Madison Apartments

2901-2975 W Madison StLouisville, KY 40211
  • Utilities Included
close
View Me
Rowan Place
1 to 2 Bedroom Apartments

Rowan Place

2132 Rowan StLouisville, KY 40212
Senior Living
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
close
View Me
Zion Manor 2
1 Bedroom Apartments

Zion Manor 2

2237 W Muhammad Ali BlvdLouisville, KY 40212
Senior Living

Louisville's Best Affordable Neighborhoods

Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

Read Article
Showing Results 1-50, Page 1 of 2

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. Lofts on Ormsby has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Russell apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Lofts on OrmsbyStudioStudio,1BA$725
Vue at 3rd StreetStudioStudio,1BA$799
800 Towers ApartmentsStudioStudio,1BA$865
Jefferson Properties2bd apartment2BR,1BA$919
Crescent Centre Apartments & TownhomesOne Bedroom-699 sqft1BR,1BA$920
Flats on FifthThe Volstead1BR,1BA$953
The Eclipse in RussellOne Bedroom1BR,1BA$1,004
Hampton PlaceOne Bedroom Apartment1BR,1BA$1,040

Best Value Apartments for Rent in Russell, KY

As of June 13, 2025 the best value apartment in the Russell area is the $1.85 price per square foot The Brook I Model at Current812 in the in the Phoenix Hill neighborhood starting from $2,209. The second greatest value Russell apartment is the One Bedroom Model at Gateway on Broadway starting at $542 with a $0.50 price per square foot in the Phoenix Hill 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.
Current812The Brook I2BR,2BA$1.85
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
Jefferson Properties3bd apartment3BR,1BA$1.45
Derby Row | Student HousingBelmont2BR,2BA$1.22
200 N 18th St, Unit 1200 N 18th St1BR,1BA$1.10
Beecher Terrace Phase II (0680)1 Bedroom1BR,1BA$1.70
Crescent Centre Apartments & TownhomesOne Bedroom-615 sqft1BR,1BA$1.55
The Eclipse in RussellOne Bedroom1BR,1BA$1.64
800 Towers ApartmentsStudioStudio ,1BA$1.43
Lofts on Ormsby1 Bedroom 1 Bath1BR,1BA$1.89

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
Russell, Louisville, KY

Ranked #151

Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Russell, Louisville, KY

School data provided by Great Schools

Frequently Asked Questions about Cheap Russell Apartments

What is a cheap apartment in Russell?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Russell is under $1,040.

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 $2,875.

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 11 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 $215 which is $2,660 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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.