Cheap Apartments for Rent in the Shelby Park Neighborhood of Louisville, KY from $500 (110 Rentals)

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

property at 1144 S 3rd St

1144 S 3rd St

LouisvilleKY40203
property at 538 Lilly Ave

538 Lilly Ave

LouisvilleKY40217
property at 1215 S 1st St

1215 S 1st St

LouisvilleKY40203
property at 730 M St

730 M St

LouisvilleKY40208
Showing Results 1-50, Page 1 of 3

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
Yugo Louisville Nine4 Bed, 4 Bath Classic Balcony4BR,4BA$709
The QuadStudio – 1 BathroomStudio,1BA$795
Vue at 3rd StreetStudioStudio,1BA$799
The Cornerstone1 Bedroom1BR,1BA$800
Poplar TerraceStudioStudio,1BA$839
Vesta Derby Oaks (Patriot Derby)B1 UPG2BR,1BA$850

Best Value Apartments for Rent in Shelby Park, KY

As of June 27, 2025 the best value apartment in the Shelby Park area is the $1.05 price per square foot 1445 S 3rd St Model at 1445 S 3rd St, Unit 7 in the in the Phoenix Hill neighborhood starting from $4,200. The second greatest value Shelby Park apartment is the EP9 Model at Edison Park starting at $1,995 with a $1.19 price per square foot in the Medical Center 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.
1445 S 3rd St, Unit 71445 S 3rd St6BR,3BA$1.05
Edison ParkEP92BR,2.5BA$1.19
1524 S 4th St3 Beds, 1.5 Baths3BR,1.5BA$1.14
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
1308 S 6th St, Unit 21308 S 6th St1BR,1BA$1.10
500 W Saint Catherine St, Unit 1500 W Saint Catherine St2BR,1BA$1.10
Yugo Louisville Nine2 Bed, 2 Bath Classic Pool View2BR,2BA$1.05
Derby Row | Student HousingThoroughbred2BR,2BA$0.98
The Cornerstone1 Bedroom1BR,1BA$1.14
200 N 18th St, Unit 1200 N 18th St1BR,1BA$1.10

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Shelby Park, Louisville, KY

Ranked #13

Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

Getting Around the Shelby Park Neighborhood in Louisville, KY

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

78 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

44 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Gateway on Broadway which is listed at $542, while the average apartment in Shelby Park costs $4,200.

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 82 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 $193 which is $4,007 cheaper than the average rent for all rentals in Shelby Park.

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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A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

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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.