
Cheap Apartments for Rent in the Russell Neighborhood of Louisville, KY from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Russell area of Louisville.


3124 Vermont Ave

2821 Rowan 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.

2327 Duncan St

2208 Lytle St

2821 Rowan St

2101 Saint Xavier St, Unit 1F
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.

2433 Slevin St

2549 Slevin St

2321 Duncan St

1509 W Jefferson St
Cash 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.

331 N 25th St

1529 Anderson St

2821 Rowan St

1934 W Madison St

2509 St Xavier 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.

2531 W Main 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 | $957 | $542 | $1,500 |
| Russell 2 Bedroom Apartments | $1,217 | $542 | $1,850 |
| 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 25 rentals with your search options within a 1 mile radius of the Russell Neighborhood of Louisville, KY.
See all Apartments in LouisvilleExplore Louisville
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 |
| Beecher Terrace Phase II (0680) | 1 Bedroom | 1BR,1BA | $1,025 |
| Hampton Place | One Bedroom Apartment | 1BR,1BA | $1,076 |
| Painters Row | 2 Bedroom - 2 Bathroom | 2BR,2BA | $1,291 |
Best Value Apartments for Rent in Russell, KY
As of December 01, 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 2 starting at $950 with a $0.86 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2101 Saint Xavier St, Unit 1F | 2101 Saint Xavier St | 3BR,1BA | $0.81 |
| 1816 W Jefferson St, Unit 2 | 1816 W Jefferson St | 2BR,1BA | $0.86 |
| Gateway on Broadway | One Bedroom | 1BR,1BA | $0.50 |
| Painters Row | 2 Bedroom - 2 Bathroom | 2BR,2BA | $1.34 |
| Jefferson Properties | 3bd apartment | 3BR,1BA | $1.17 |
| 2433 Slevin St, Unit 4 | 2433 Slevin St | 2BR,1BA | $1.01 |
| 3124 Vermont Ave | 3124 Vermont Ave | 1BR,1BA | $1.07 |
| Beecher Terrace Phase II (0680) | 1 Bedroom | 1BR,1BA | $1.63 |
| Hampton Place | One Bedroom Apartment | 1BR,1BA | $1.87 |
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 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.
Pet Friendly LifestyleRussell, Louisville, KY
Ranked #147
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 7 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 $782 which is $507 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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.






