Cheap Apartments for Rent in the Shelby Park Neighborhood of Louisville, KY from $500 (113 Rentals)

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

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 710 Rubel Ave

$895 - $1,250

1 To 2 Bedroom Rentals

Available Now

710 Rubel Ave

LouisvilleKY40204
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Cardinal Village Apartments
Rent Specials
$899 - $1,085
Total Monthly Price

Total Monthly Price

Base Rent
$714 - $900
Required Monthly Fees
$185
Total Monthly Price
$899 - $1,085
1 to 2 Bedroom Apartments Available Now

Cardinal Village Apartments

1800 S 2nd StLouisville, KY 40208
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 523 Park Ave

$900 - $1,275

1 To 2 Bedroom Rentals

Available Now

523 Park Ave

LouisvilleKY40203

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.

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Maven @ 806
$934 - $1,994
Total Monthly Price

Total Monthly Price

Base Rent
$934 - $1,994
Total Monthly Price
$934 - $1,994
1 to 2 Bedroom Apartments Available Now

Maven @ 806

806 E Chestnut StLouisville, KY 40204
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour

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

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property at 839 S Jackson St

$1,000 - $1,700

1 To 3 Bedroom Rentals

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839 S Jackson St

LouisvilleKY40203
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Grinstead
$1,039 - $2,029
Total Monthly Price

Total Monthly Price

Base Rent
$1,039 - $2,029
Total Monthly Price
$1,039 - $2,029
Studio to 2 Bedroom Apartments Available Now

Grinstead

2320 Grinstead DrLouisville, KY 40204
Senior Living
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  • Customer Reviewed
  • 3D Tour
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1606 Lucia Ave
Rent Specials
$1,050 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $1,100
Total Monthly Price
$1,050 - $1,100
1 Bedroom Apartments Available Now

1606 Lucia Ave

1606 Lucia AveLouisville, KY 40204
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  • Utilities Included
  • 3D Tour
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1445 Nightingale Rd, Unit 4
$1,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050
2 Bedroom Apartment Available Apr 1

1445 Nightingale Rd, Unit 4

1445 Nightingale RdLouisville, KY 40213
Affordability
property at 1210 E Broadway

$1,075 - $1,100

Studio To 1 Bedroom Rentals

Available Now

1210 E Broadway

LouisvilleKY40204

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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. Gateway on Broadway has the second lowest priced unit, which is a 2 Beds apartment currently listed from $542. 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
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Vue at 3rd StreetStudioStudio,1BA$699
Lofts on OrmsbyStudioStudio,1BA$700
800 Towers ApartmentsStudioStudio,1BA$764
Painters RowStudio - 1 BathroomStudio,1BA$776
Germantown Village1 Bedroom1BR,1BA$799
947 S Brook St1/11BR,1BA$825
The Quad0BR/1.0BAStudio,1BA$825

Best Value Apartments for Rent in Shelby Park, KY

As of March 26, 2026 the best value apartment in the Shelby Park area is the $0.52 price per square foot 4 Bed, 4 Bath Classic Pool View Model at Yugo Louisville Nine in the in the Downtown Louisville neighborhood starting from $729. The second greatest value Shelby Park apartment is the 1221 S 4th St Model at 1221 S 4th St, Unit 2 starting at $1,175 with a $0.98 price per square foot in the Phoenix Hill 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.
Yugo Louisville Nine4 Bed, 4 Bath Classic Pool View4BR,4BA$0.52
1221 S 4th St, Unit 21221 S 4th St2BR,1BA$0.98
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
535 E Kentucky St, Unit 2F535 E Kentucky St2BR,1BA$0.85
The Province (KY)2 Bed - 2 Bath2BR,2BA$1.01
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
Derby Row | Student HousingThoroughbred2BR,2BA$1.05
Cathedral CommonsStudioStudio ,1BA$1.21
Germantown Village1 Bedroom1BR,1BA$1.20
1704 Rowan St, Unit 31704 Rowan St1BR,1BA$1.08

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.

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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.

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The 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.

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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.

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The 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

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Quick Rent Budget Calculator

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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 Gateway on Broadway which is listed at $542, while the average apartment in Shelby Park costs $1,229.

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 206 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 $376 which is $853 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.

Articles, How-To's, and Tips

decorative image for The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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.

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.