Cheap Apartments for Rent in the South Louisville Neighborhood of Louisville, KY from $400 (143 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Louisville area of Louisville.

Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

There's more to Louisville than the Kentucky Derby. Get a local insider's take on the best bourbon tours, dining, music venues, horse racing, and cultural experiences the city has to offer.

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

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Louisville's Best Affordable Neighborhoods

Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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South Louisville, Louisville, KY Local Guide

Cheapest Available South Louisville Apartments for Rent

 

The cheapest available apartment rental in the South Louisville area of Louisville, KY is a Studio unit found at 5310-5312 Milner Rd priced from $550. 5302 Milner Rd has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here are the most affordable South Louisville apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
5310-5312 Milner Rd0 Beds, 1 BathsStudio,1BA$550
5302 Milner Rd0 Beds, 1 BathsStudio,1BA$550
Southwood1 Bed, 1 bath1BR,1BA$749
New Cut Apartments1BR/1.0BA1BR,1BA$750
Iroquois Green1 Bedroom - Garden Level1BR,1BA$755
Yvonne Apartments1BR/1BA1BR,1BA$795
Parkridge Pointe1 Bedroom1BR,1BA$800
6508 Hackel Dr2BR/1.0BA2BR,1BA$800
Parkwood PlaceAmazing 1 Baths | 830 Square Ft. studio ready f...Studio,1BA$819

Best Value Apartments for Rent in South Louisville, KY

As of August 17, 2026 the best value apartment in the South Louisville area is the $1.07 price per square foot 5600 Chariot Run Dr Model at 5600 Chariot Run Dr, Unit Chariot Run Apts in the in the South Louisville neighborhood starting from $1,100. The second greatest value South Louisville apartment is the 2BR2BA Model at The Foundry starting at $1,021 with a $1.00 price per square foot in the South Louisville neighborhood. Here is today’s list of the best values for South Louisville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5600 Chariot Run Dr, Unit Chariot Run Apts5600 Chariot Run Dr2BR,2BA$1.07
The Foundry2BR2BA2BR,2BA$1.00
Newberry ParcTwo Bedroom2BR,2BA$0.98
3108 Springfield Dr2 Bedroom2BR,1BA$0.88
4700 Walnut Grove Ave, Unit 14700 Walnut Grove Ave2BR,1BA$0.86
Greenwood Place Apartments1+11BR,1BA$0.98
Maple Run ApartmentsMaple Run | 2b/1ba2BR,1BA$1.07
6508 Hackel Dr2BR/1.0BA2BR,1BA$0.97
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$1.09
New Cut Apartments1BR/1.0BA1BR,1BA$0.97

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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

Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
South Louisville, Louisville, KY

Ranked #28

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Louisville, Louisville, KY

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals in cities across the United States and customized analysis for Southwest Louisville. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, transit availability, pet-friendly communities, apartment communities for the kids, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap South Louisville Apartments

What is the price of a cheap apartment in South Louisville?

The cheapest apartment in South Louisville is Southwood which is listed at $749, while the average apartment in South Louisville costs $1,140.

What types of apartments are the cheapest in South Louisville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 16 regular apartments in South Louisville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Louisville?

Cheap apartments in South Louisville have an average cost of $157 which is $983 cheaper than the average rent for all rentals in South Louisville.

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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Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

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

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.

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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.

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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.

Articles, How-To's, and Tips

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.