
Cheap Apartments for Rent in the Russell Neighborhood of Louisville, KY from $500 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the Russell area of Louisville.


2728 W Madison St

3124 Vermont Ave

3124 Vermont Ave

Total Monthly Price
2409 Rowan St, Unit 3, Unit 3

Total Monthly Price
1704 Rowan St, Unit 3, Unit 3

2409 Rowan St

1704 Rowan St

2433 Slevin St

664 S 27th St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

2717 Slevin St

2228 W Madison St

2327 Duncan St

519 N 20th St

2614 W Jefferson St, Unit 4, Unit 4

316 N 22nd St

1139 S 28th St

856 S 24th St

1507 W Jefferson St

2300 W Madison 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.

527 S 20th St

421 S 27th St

701 Hazel St

Painters Row

Jefferson Properties

214 N 24th St

Hampton Place

2634 Garland Ave

2634 Garland Ave

Eclipse
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.

Zion Manor

St. Cecilia Apartments

2614 W Jefferson St

Rowan Place

Madison Apartments

655 S 24th St

2300 W Madison St

421 S 27th St

Beecher Terrace Phase II (0680)

212 N 25th St
Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Stop driving and start living! We highlight the best Louisville neighborhoods—from Beechmont to Audubon Park—with great rentals near top job providers.

451 N 25th St

1934 W Madison St

West Louisville - 862 Humler St

2203 Rowan St

Doerhoefer House Apartments

Zion Manor 2

2530 St Xavier St

2411 Elliott Ave

2623 Cedar St

1612 W Market 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.
Russell, Louisville, KY Local Guide

How much does it cost to rent an apartment in Russell?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Russell Studio Apartments | $980 | $870 | $1,155 |
| Russell 1 Bedroom Apartments | $963 | $542 | $1,185 |
| Russell 2 Bedroom Apartments | $1,215 | $542 | $1,568 |
| Russell 3 Bedroom Apartments | $1,288 | $1,056 | $1,581 |
| Russell 4 Bedroom Apartments | $1,247 | $1,200 | $1,295 |
Browse Apartments in this Neighborhood
There are currently 50 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
- Nearby Louisville neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Beecher Terrace Phase II (0680) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $861. 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 |
| Beecher Terrace Phase II (0680) | 1 Bedroom* | 1BR,1BA | $861 |
| Painters Row | Studio - 1 Bathroom | Studio,1BA | $870 |
| Jefferson Properties | 2bd Apartment | 2BR,1BA | $900 |
| Eclipse | 1 Bedroom | 1BR,1BA | $1,000 |
| Hampton Place | Two Bedroom Townhome | 2BR,1BA | $1,402 |
Best Value Apartments for Rent in Russell, KY
As of April 26, 2026 the best value apartment in the Russell area is the $0.50 price per square foot One Bedroom Model at Gateway on Broadway in the in the Phoenix Hill neighborhood starting from $542. The second greatest value Russell apartment is the Two Bedroom Townhome Model at Hampton Place starting at $1,488 with a $1.65 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. |
|---|---|---|---|
| Gateway on Broadway | One Bedroom | 1BR,1BA | $0.50 |
| Hampton Place | Two Bedroom Townhome | 2BR,1.5BA | $1.65 |
| Jefferson Properties | 3bd Apartment | 3BR,1BA | $1.17 |
| Painters Row | 1 Bedroom - 1 Bathroom | 1BR,1BA | $1.39 |
| 2614 W Jefferson St, Unit 4 | 2614 W Jefferson St | 2BR,1BA | $1.07 |
| 2409 Rowan St, Unit 3 | 2409 Rowan St | 1BR,1BA | $1.08 |
| 1704 Rowan St, Unit 3 | 1704 Rowan St | 1BR,1BA | $1.08 |
| 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 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 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 $1,402.
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 $1,373.
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 46 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 $628 which is $745 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.
Helpful Local Expert Guides

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.

The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Written by: Mike Heuer
Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Written by: Mike Heuer
Kentucky is a business-friendly commonwealth, and Louisville is its largest city. It also is home to many great employers who pay well, and their workers have lots of great choices in neighborhoods to rent great apartments.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.