
Cheap Apartments for Rent in the Russell Neighborhood of Louisville, KY from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Russell area of Louisville.


3124 Vermont Ave

3124 Vermont Ave

2751 Alford Ave

2327 Duncan St

730 Hazel St
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.

2614 W Jefferson St, Unit 4

2614 W Jefferson St

2101 Saint Xavier St, Unit 1F

2823 Garfield Ave

1929 W Jefferson St

527 S 20th St
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.

1817 Columbia St

Zion Manor

St. Cecilia Apartments

2423 St Xavier St

Rowan Place

2549 Slevin St
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.

Madison Apartments

1509 W Jefferson St

331 N 25th St

1529 Anderson St

2823 Garfield Ave

West Louisville - 862 Humler St
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.

2509 St Xavier St

2531 W Main St

1934 W Madison St
Russell, Louisville, KY Local Guide

How much does it cost to rent an apartment in Russell?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Russell 1 Bedroom Apartments | $953 | $542 | $1,400 |
| Russell 2 Bedroom Apartments | $1,156 | $542 | $1,750 |
| Russell 3 Bedroom Apartments | $1,145 | $895 | $1,581 |
| Russell 4 Bedroom Apartments | $1,289 | $1,289 | $1,289 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 1 mile radius of the Russell Neighborhood of Louisville, KY.
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Russell, Louisville, KY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gateway on Broadway | Two Bedroom | 2BR,1BA | $542 |
| Jefferson Properties | 2bd | 2BR,1BA | $917 |
| Painters Row | 1 Bedroom - 1 Bathroom | 1BR,1BA | $975 |
| Eclipse | 1 Bedroom | 1BR,1BA | $1,000 |
| Beecher Terrace Phase II (0680) | 1 Bedroom | 1BR,1BA | $1,139 |
| Hampton Place | Two Bedroom Apartment | 2BR,1BA | $1,273 |
Best Value Apartments for Rent in Russell, KY
As of January 19, 2026 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2101 Saint Xavier St, Unit 1F | 2101 Saint Xavier St | 3BR,1BA | $0.81 |
| Gateway on Broadway | One Bedroom | 1BR,1BA | $0.50 |
| Jefferson Properties | 3bd apartment | 3BR,1BA | $1.17 |
| Hampton Place | Two Bedroom Apartment | 2BR,1BA | $1.59 |
| Painters Row | 1 Bedroom - 1 Bathroom | 1BR,1BA | $1.31 |
| 2614 W Jefferson St, Unit 4 | 2614 W Jefferson St | 2BR,1BA | $1.07 |
| 3124 Vermont Ave | 3124 Vermont Ave | 1BR,1BA | $1.07 |
| Eclipse | 1 Bedroom | 1BR,1BA | $1.56 |
| Beecher Terrace Phase II (0680) | 1 Bedroom | 1BR,1BA | $1.81 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleThe 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
Read ArticleQuick 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.
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 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 $718 which is $571 cheaper than the average rent for all rentals in Russell.
Expert Rental Resources
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.
Articles, How-To's, and Tips

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.