Cheap Homes for Rent in the Shelby Park Neighborhood of Louisville, KY from $700 (48 Rentals)

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

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property at 1552 Gallagher St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

3 Bedroom, 1.5 Bath Home for Rent

Available Now

1552 Gallagher St

LouisvilleKY40210

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property at 2520 S 3rd St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

2520 S 3rd St, Unit 405

2520 S 3rd St
LouisvilleKY40208

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property at 1500 S Hancock St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

3 Bedroom, 1.5 Bath Home for Rent

Available Now

1500 S Hancock St

LouisvilleKY40217

Shelby Park - One of the Best Affordable Neighborhoods in Louisville

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property at 1300 S 3rd St

$1,300 - $1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,550
Total Monthly Price
$1,300 - $1,550

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

1300 S 3rd St

LouisvilleKY40208
property at 1301 Cherokee Rd

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375
Total Monthly Price
$1,375

1 Bedroom, 1 Bath Condo for Rent

Available Now

1301 Cherokee Rd, Unit #5

1301 Cherokee Rd
LouisvilleKY40204

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Showing Results 1-48, Page 1 of 1

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 19, 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 4x4 Model at The Nine starting at $819 with a $0.58 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
The Nine4x44BR,4BA$0.58
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
Derby Row | Student HousingThoroughbred2BR,2BA$1.09
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
The Puritan Senior Living - 62 & OverStudioStudio ,1BA$0.44

Frequently Asked Questions about Shelby Park

What type of rentals are currently available in Shelby Park?

There are currently 844 Apartments for Rent in Shelby Park, KY with pricing that ranges from $200 to $6,611. There are also 99 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby Park ranging from $790 to $3,000.

What is the current price range for Rental Homes in Shelby Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shelby Park ranges from $790 to $3,000 with an average monthly rent of $1,606.

How much are larger Three and Four Bedroom Rentals in Shelby Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Shelby Park range from $723 to $5,201, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,325 and Four Bedroom Apartments start at $619.

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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Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers

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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.

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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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Articles, How-To's, and Tips

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Written by: Robin Stewart

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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