Cheap Apartments for Rent in the South Louisville Neighborhood of Louisville, KY from $400 (126 Rentals)

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

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.

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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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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.

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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.

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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. Lower Hunters Trace has the second lowest priced unit, which is a 3 Beds apartment currently listed from $673. 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
Lower Hunters Trace3 Bedroom3BR,2BA$673
5302 Milner Rd1 Beds, 1 Baths1BR,1BA$685
Southwood1 Bed, 1 bath1BR,1BA$749
Iroquois Green1 Bedroom - Garden Level1BR,1BA$755
Yvonne Apartments1BR/1BA1BR,1BA$795
Parkridge Pointe1 Bedroom1BR,1BA$800
Bridlewood Crossing2 Bedroom2BR,1BA$820
Tanglewood ApartmentsStudioStudio,1BA$825

Best Value Apartments for Rent in South Louisville, KY

As of June 27, 2026 the best value apartment in the South Louisville area is the $0.94 price per square foot 2 Bedroom, 2 Bathroom Model at Hunters Run in the in the South Louisville neighborhood starting from $1,095. The second greatest value South Louisville apartment is the The Paddock Model at Finish Line Apartments starting at $1,110 with a $1.07 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.
Hunters Run2 Bedroom, 2 Bathroom2BR,2BA$0.94
Finish Line ApartmentsThe Paddock2BR,2BA$1.07
5600 Chariot Run Dr, Unit Chariot Run Apts5600 Chariot Run Dr2BR,2BA$1.07
Pennacook Pointe2 Bedroom2BR,1BA$1.00
4700 Walnut Grove Ave, Unit 14700 Walnut Grove Ave2BR,1BA$0.89
Newberry ParcOne Bedroom1BR,1BA$1.01
Maple Run ApartmentsMaple Run | 2b/1ba2BR,1BA$1.07
The Kensington of LouisvilleKYKST 2x1 825sqft - W/D Included2BR,1BA$1.03
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$1.09
New Cut Apartments1BR/1.0BA1BR,1BA$1.10

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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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
South Louisville, Louisville, KY

Ranked #19

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

How much is rent for a Cheap One Bedroom South Louisville Apartment?

The lowest price for a Cheap One Bedroom South Louisville Apartment is $685 at 5302 Milner Rd.

What is the lowest price for a Cheap Two Bedroom South Louisville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Louisville is starting from $820 at Bridlewood Crossing.

What is the most affordable South Louisville Three Bedroom Apartment?

The best deal on a cheap South Louisville Three Bedroom Apartment rental is at Lower Hunters Trace and starts from $673.

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

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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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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Bourbon, Baseball, and the Blues: Your Insiders 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.

Articles, How-To's, and Tips

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

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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.