Cheap Homes for Rent in Shelby Park Neighborhood of Louisville, KY from $700 (29 Rentals)

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Search the lowest-cost Homes 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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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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property at 2907 S 5th St

$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

2907 S 5th St

LouisvilleKY40208

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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-29, 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. 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
Patriot Derby (FKA Vesta Derby Oaks)A11BR,1BA$850
Cathedral CommonsStudioStudio,1BA$850

Best Value Apartments for Rent in Shelby Park, KY

As of January 14, 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 1646 Lucia Ave Model at 1646 Lucia Ave, Unit apt 4 starting at $1,200 with a $1.00 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
1646 Lucia Ave, Unit apt 41646 Lucia Ave2BR,1BA$1.00
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
535 E Kentucky St, Unit 2F535 E Kentucky St2BR,1BA$0.85
The Cornerstone2 Bedroom2BR,1BA$1.11
The Province (KY)2 Bed - 2 Bath2BR,2BA$1.01
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
1445 S 4th St, Unit 21445 S 4th St1BR,1BA$1.21
Derby Row | Student HousingBelmont2BR,2BA$1.05
1239 S Brook St, Unit 21239 S Brook St1BR,1BA$0.93

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 $8,392. There are also 107 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelby Park ranging from $700 to $4,200.

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 $4,200 with an average monthly rent of $1,424.

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 $8,392, 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 $1,250 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

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.

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

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.

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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.