
Cheap 3 Bedroom Apartments for Rent in the Shelby Park Neighborhood of Louisville, KY from $707 (11 Rentals)


Total Monthly Price
Patriot Derby (FKA Vesta Derby Oaks)

The Cornerstone

1550 Gallagher St

Hampton Place
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.

211 W Hill St

2111 7th Street Rd

1625 W Kentucky St

1524-1530 S 2nd St

1524 S 4th St
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Weissinger-Gaulbert Apartments
Shelby Park, Louisville, KY Local Guide

How much does it cost to rent an apartment in Shelby Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelby Park Studio Apartments | $1,166 | $200 | $2,423 |
| Shelby Park 1 Bedroom Apartments | $1,289 | $200 | $3,411 |
| Shelby Park 2 Bedroom Apartments | $1,505 | $542 | $4,856 |
Shelby Park 3 Bedroom Apartments | $1,786 | $707 | $7,370 |
| Shelby Park 4 Bedroom Apartments | $2,999 | $629 | $8,865 |
Explore Louisville
Frequently Asked Questions about Cheap Shelby Park Apartments
What is a cheap apartment in Shelby Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Shelby Park is under $850.
What is the price of a cheap apartment in Shelby Park?
The cheapest apartment in Shelby Park is The Cornerstone which is listed at $1,200, while the average apartment in Shelby Park costs $1,245.
What types of apartments are the cheapest in Shelby Park?
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 207 regular apartments in Shelby Park 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 Shelby Park?
Cheap apartments in Shelby Park have an average cost of $368 which is $877 cheaper than the average rent for all rentals in Shelby Park.
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
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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.

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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
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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
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Renting your next home can feel thrilling and overwhelming at the same time.