Cheap Homes for Rent in Russell Neighborhood of Louisville, KY from $800 (21 Rentals)

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

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.

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

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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$910
Jefferson Properties2bd apartment2BR,1BA$919

Best Value Apartments for Rent in Russell, KY

As of June 03, 2025 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 1816 W Jefferson St Model at 1816 W Jefferson St, Unit #3 starting at $950 with a $1.06 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.
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
1816 W Jefferson St, Unit #31816 W Jefferson St2BR,1BA$1.06
1816 W Jefferson St, Unit 31816 W Jefferson St2BR,1BA$1.06
Jefferson Properties3bd apartment3BR,1BA$1.45
Derby Row | Student HousingBelmont2BR,2BA$1.22
2614 W Jefferson St, Unit 42614 W Jefferson St2BR,1BA$1.05
200 N 18th St, Unit 4200 N 18th St2BR,1BA$1.02
Community Towers 62 & Up1 Bed, 1 bath1BR,1BA$1.50
Crescent Centre Apartments & TownhomesOne Bedroom-699 sqft1BR,1BA$1.36
800 Towers ApartmentsStudioStudio ,1BA$1.50

Quick Rent Budget Calculator

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Frequently Asked Questions about Russell

What type of rentals are currently available in Russell?

There are currently 103 Apartments for Rent in Russell, KY with pricing that ranges from $542 to $4,490. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Russell ranging from $824 to $1,850.

What is the current price range for Rental Homes in Russell?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Russell ranges from $824 to $1,850 with an average monthly rent of $1,288.

How much are larger Three and Four Bedroom Rentals in Russell?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Russell range from $795 to $1,906, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $1,660. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $1,640.

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.

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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 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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.