Cheap Apartments for Rent in the Shelby Park Neighborhood of Louisville, KY from $500 (203 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Shelby Park area of Louisville.

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property at 1310 S 6th St

$795 - $825

Studio To 1 Bedroom Rentals

Available Now

1310 S 6th St

LouisvilleKY40208

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2607 Preston Hwy, Unit #3
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
1 Bedroom Apartment Available Now

2607 Preston Hwy, Unit #3

2607 Preston HwyLouisville, KY 40217
Furnished
  • Smoke Free

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Shelby Park, Louisville, KY Local Guide

Cheapest Available Shelby Park Apartments for Rent

 

The cheapest available apartment rental in the Shelby Park area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. 1128 S. 3rd has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Shelby Park apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
1128 S. 3rd1BR/1.0BA1BR,1BA$695
800 Towers ApartmentsStudioStudio,1BA$719
1388 S 2nd1BR/1.0BA1BR,1BA$755
1215 S. 4th St1BR/1.0BA1BR,1BA$795
Old Louisville - 1219 S 6th StS6th01Studio,1BA$795
Lofts on OrmsbyStudioStudio,1BA$800
The Quad0BR/1.0BAStudio,1BA$825

Best Value Apartments for Rent in Shelby Park, KY

As of August 17, 2026 the best value apartment in the Shelby Park area is the $0.83 price per square foot 2BR/1.0BA Model at 1390 S. 1st in the in the Phoenix Hill neighborhood starting from $1,200. The second greatest value Shelby Park apartment is the Birchmore 2x2 Model at Brexx at Louisville starting at $1,019 with a $0.80 price per square foot in the Downtown Louisville neighborhood. Here is today’s list of the best values for Shelby Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1390 S. 1st2BR/1.0BA2BR,1BA$0.83
Brexx at LouisvilleBirchmore 2x22BR,2BA$0.80
Edison ParkEP41BR,1.5BA$1.08
1436 S 3rd St, Unit Carriage House1436 S 3rd St2BR,2BA$1.07
The Nine2x22BR,2BA$1.15
Derby Row | Student HousingThoroughbred2BR,2BA$1.09
2208 Crittenden Dr2208 Crittenden Dr1BR,1BA$1.17
2208 Crittenden Dr, Unit 32208 Crittenden Dr1BR,1BA$1.04
200 N 18th St, Unit 200 N 18th St200 N 18th St2BR,1BA$1.01
1128 S. 3rd0BR/1.0BAStudio ,1BA$1.07

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Kentucky and customized analysis for Central Louisville, KY. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. These search options are in the site filters at the top of this page.

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 $825.

What is the price of a cheap apartment in Shelby Park?

The cheapest apartment in Shelby Park is 1128 S. 3rd which is listed at $695, while the average apartment in Shelby Park costs $1,210.

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 86 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 $501 which is $709 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

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Written by: Mike Heuer

Louisville is one great city in which to visit, live, work, and raise a family. It has excellent and reasonably affordable housing, great neighborhoods, and a whole lot more to offer its residents and visitors alike.

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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.

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Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

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