
Cheap Apartments for Rent in the Watterson Park Neighborhood of Louisville, KY from $500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Watterson Park area of Louisville.


Woodsmill Apartments

Addison Park Apartments

Eleven Oaks Apartments

Royal Arms of Louisville
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.

Village Park Apartments

Heather House

5503 Lodema Way

Turtle Creek Apartments

Colony
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1940 Gardiner Ln
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer
Watterson Park, Louisville, KY Local Guide

How much does it cost to rent an apartment in Watterson Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Watterson Park Studio Apartments | $552 | $200 | $904 |
Watterson Park 1 Bedroom Apartments | $1,023 | $695 | $1,299 |
Watterson Park 2 Bedroom Apartments | $1,191 | $850 | $1,649 |
Watterson Park 3 Bedroom Apartments | $1,573 | $1,135 | $2,250 |
Watterson Park 4 Bedroom Apartments | $1,677 | $1,555 | $1,899 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the Watterson Park Neighborhood of Louisville, KY.
See all Apartments in LouisvilleExplore Louisville
Watterson Park, Louisville, KY Local Guide
- Nearby Louisville neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Watterson Park Apartments for Rent
 The cheapest available apartment rental in the Watterson Park area of Louisville, KY is a 1 Bed unit found at Addison Park Apartments priced from $796. Eleven Oaks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $805. Here are the most affordable Watterson Park apartments for rent in Louisville, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Addison Park Apartments | One Bed One Bath | 1BR,1BA | $796 |
Eleven Oaks Apartments | Eleven Oaks - 1 Bedroom Apartment | 1BR,1BA | $805 |
Royal Arms of Louisville | 1x1 | 1BR,1BA | $850 |
Meadow Creek | Meadow Creek Apartments | 1BR,1BA | $865 |
Heather House | 1 Bedroom | 1BR,1BA | $869 |
Best Value Apartments for Rent in Watterson Park, KY
As of May 10, 2025 the best value apartment in the Watterson Park area is the $1.20 price per square foot 2 Bedroom One Bathroom Model at The Hemingway in the in the Hayfield Dundee neighborhood starting from $1,300. The second greatest value Watterson Park apartment is the Paint Model at Preston Oaks starting at $1,249 with a $1.31 price per square foot in the South Louisville neighborhood. Here is today’s list of the best values for Watterson Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Hemingway | 2 Bedroom One Bathroom | 2BR,1BA | $1.20 |
Preston Oaks | Paint | 2BR,1.5BA | $1.31 |
The Lux Townhomes | 2 x 1 Lily B1 | 2BR,1BA | $1.00 |
Maple Valley | 2 Bedroom | 2BR,1BA | $1.21 |
Turtle Creek Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.11 |
Icon Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.28 |
Meadow Creek | Meadow Creek Apartments | 1BR,1BA | $1.28 |
Royal Arms of Louisville | 1x1 | 1BR,1BA | $1.31 |
Eleven Oaks Apartments | Eleven Oaks - 1 Bedroom Apartment | 1BR,1BA | $1.25 |
Addison Park Apartments | One Bed One Bath | 1BR,1BA | $1.33 |
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.
Pet Friendly LifestyleWatterson Park, Louisville, KY
Ranked #107
Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Louisville. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best outdoor access, pet-friendly features, places to raise kids, proximity to transit, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Watterson Park Neighborhood in Louisville, KY
Walk Score®
32 / 100
Car-Dependent
Most errands require a car
Bike Score®
37 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
3 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Watterson Park Apartments
How much is rent for a Cheap One Bedroom Watterson Park Apartment?
The lowest price for a Cheap One Bedroom Watterson Park Apartment is $788 at Addison Park Apartments.
What is the lowest price for a Cheap Two Bedroom Watterson Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Watterson Park is starting from $863 at Addison Park Apartments.
What is the most affordable Watterson Park Three Bedroom Apartment?
The best deal on a cheap Watterson Park Three Bedroom Apartment rental is at Eleven Oaks Apartments and starts from $1,135.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.