Cheap Homes for Rent in Shelby Park Neighborhood of Louisville, KY from $700 (31 Rentals)

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

property at 1618 Ellwood Ave

$950 - $1,750

Studio To 2 Bedroom Rentals

Available Now

1618 Ellwood Ave

LouisvilleKY40204

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property at 409 W Gaulbert Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

409 W Gaulbert Ave

LouisvilleKY40208

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property at 1552 Gallagher St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

3 Bedroom, 1.5 Bath Home for Rent

Available Now

1552 Gallagher St

LouisvilleKY40210
property at 570 Lilly Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

570 Lilly Ave

LouisvilleKY40217

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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 ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
The Prestonian1A1BR,1BA$543
Lofts on OrmsbyStudioStudio,1BA$700
800 Towers ApartmentsStudioStudio,1BA$715
The Quad0BR/1.0BAStudio,1BA$825
Germantown Village Apartments1 Bedroom1BR,1BA$829
Patriot Derby (FKA Vesta Derby Oaks)A11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Derby Row | Student HousingJulep4BR,4BA$0.48
535 E Kentucky St, Unit 1F535 E Kentucky St2BR,1BA$1.20
1423 Debarr St, Unit 21423 Debarr St1BR,1BA$0.84
1436 S 3rd St, Unit #11436 S 3rd St1BR,1BA$1.05
The Province (KY)2 Bed - 2 Bath2BR,2BA$1.01
A Little Holiday Wish Come True: No rent until January!2BR/1.0BA2BR,1BA$1.16
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
307 Woodbine St, Unit 3307 Woodbine St1BR,1BA$1.11
1704 Rowan St, Unit 31704 Rowan St1BR,1BA$1.08
800 Towers ApartmentsStudioStudio ,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

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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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The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

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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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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

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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.

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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.

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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.

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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.