
Cheap Homes for Rent in Shelby Park Neighborhood of Louisville, KY from $700 (31 Rentals)
Search the lowest-cost Homes available for rent right now in the Shelby Park area of Louisville.


1438 S 7th St

2057 May Ave

2716 S 6th St

1618 Ellwood Ave

823 S 2nd St, Unit 3

3107 Montana Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

2111 7th Street Rd

1106 Cherokee Rd, Unit 6

1612 W Market St

532 E Saint Catherine St

112 N 18th St

415 Atwood St

1236 Cherokee Rd
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.

409 W Gaulbert Ave

409 W Gaulbert Ave

1438 Lillian Ave

2424 Glenmary Ave

1109 Euclid Ave

1321 Rufer Ave

533 Eastern Pkwy
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.

1552 Gallagher St

2913 S 3rd St

1625 W Kentucky St

1040 Cherokee Rd

122 E Oak St

570 Lilly Ave

570 Lilly Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

2826 Taylor Blvd

1318 S Brook St

512 W Oak St
Shelby Park, Louisville, KY Local Guide

How much does it cost to rent a home in Shelby Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelby Park 2 Bedroom Homes for Rent | $1,540 | $750 | $3,200 |
| Shelby Park 3 Bedroom Homes for Rent | $1,806 | $1,000 | $4,500 |
| Shelby Park 4 Bedroom Homes for Rent | $2,225 | $1,395 | $3,000 |
| Shelby Park 5 Bedroom Homes for Rent | $2,397 | $1,800 | $2,995 |
Browse Homes for Rent in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Shelby Park Neighborhood of Louisville, KY.
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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. The Prestonian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $543. Here are the most affordable Shelby Park apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Puritan Senior Living - 62 & Over | Studio | Studio,1BA | $200 |
| The Prestonian | 1A | 1BR,1BA | $543 |
| Lofts on Ormsby | Studio | Studio,1BA | $700 |
| 800 Towers Apartments | Studio | Studio,1BA | $715 |
| The Quad | 0BR/1.0BA | Studio,1BA | $825 |
| Germantown Village Apartments | 1 Bedroom | 1BR,1BA | $829 |
| Patriot Derby (FKA Vesta Derby Oaks) | A1 | 1BR,1BA | $850 |
Best Value Apartments for Rent in Shelby Park, KY
As of May 21, 2026 the best value apartment in the Shelby Park area is the $0.48 price per square foot Julep Model at Derby Row | Student Housing in the in the Phoenix Hill neighborhood starting from $609. The second greatest value Shelby Park apartment is the 535 E Kentucky St Model at 535 E Kentucky St, Unit 1F starting at $1,195 with a $1.20 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Derby Row | Student Housing | Julep | 4BR,4BA | $0.48 |
| 535 E Kentucky St, Unit 1F | 535 E Kentucky St | 2BR,1BA | $1.20 |
| 1423 Debarr St, Unit 2 | 1423 Debarr St | 1BR,1BA | $0.84 |
| 1436 S 3rd St, Unit #1 | 1436 S 3rd St | 1BR,1BA | $1.05 |
| The Province (KY) | 2 Bed - 2 Bath | 2BR,2BA | $1.01 |
| A Little Holiday Wish Come True: No rent until January! | 2BR/1.0BA | 2BR,1BA | $1.16 |
| Glassworks Lofts | 1 Bedroom - 1 Bathroom | 1BR,1BA | $1.21 |
| 307 Woodbine St, Unit 3 | 307 Woodbine St | 1BR,1BA | $1.11 |
| 1704 Rowan St, Unit 3 | 1704 Rowan St | 1BR,1BA | $1.08 |
| 800 Towers Apartments | Studio | Studio ,1BA | $1.18 |
Frequently Asked Questions about Shelby Park
What type of rentals are currently available in Shelby Park?
There are currently 832 Apartments for Rent in Shelby Park, KY with pricing that ranges from $200 to $8,005. There are also 93 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby Park ranging from $725 to $4,500.
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 $725 to $4,500 with an average monthly rent of $1,676.
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 $707 to $6,366, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $629.
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

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.

The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Written by: Mike Heuer
Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
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.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.