Cheap Homes for Rent in Shelby Park Neighborhood of Louisville, KY from $700 (30 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 2907 S 5th St

$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

2907 S 5th St

LouisvilleKY40208

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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$775
Chapel House Senior Apartments - Age 62+StudioStudio,1BA$776
800 Towers ApartmentsStudioStudio,1BA$819
The Quad0BR/1.0BAStudio,1BA$825
Germantown Village Apartments1 Bedrooms1BR,1BA$829
Patriot Derby (FKA Vesta Derby Oaks)A11BR,1BA$850

Best Value Apartments for Rent in Shelby Park, KY

As of January 02, 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 One Bedroom Model at Gateway on Broadway starting at $542 with a $0.50 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
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
535 E Kentucky St, Unit 2F535 E Kentucky St2BR,1BA$0.85
Crescent Centre Apartments & TownhomesTwo Bedroom 2 Bath- 925 sqft2BR,2BA$1.18
The Cornerstone2 Bedroom2BR,1BA$1.11
A Little Holiday Wish Come True: No rent until January!1BR/1.0BA1BR,1BA$1.16
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
Derby Row | Student HousingBelmont2BR,2BA$1.05
1239 S Brook St, Unit 21239 S Brook St1BR,1BA$0.93
Cathedral CommonsStudioStudio ,1BA$1.21

Frequently Asked Questions about Shelby Park

What type of rentals are currently available in Shelby Park?

There are currently 829 Apartments for Rent in Shelby Park, KY with pricing that ranges from $200 to $9,292. There are also 98 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby Park ranging from $700 to $3,300.

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 $700 to $3,300 with an average monthly rent of $1,365.

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 $675 to $8,697, while Three Bedroom Homes, Condos, and Townhomes for rent range from $837 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $599.

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

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.