Cheap Apartments for Rent in the Watterson Park Neighborhood of Louisville, KY from $600 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Watterson Park 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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property at 1935 Gardiner Ln

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1935 Gardiner Ln

LouisvilleKY40205

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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Liverpool 2
1 Bedroom Apartments

Liverpool 2

2226 Liverpool LnLouisville, KY 40218
  • Utilities Included
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Nightingale Apartments
2 Bedroom Apartments

Nightingale Apartments

1447 Nightingale RdLouisville, KY 40213
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Bridge Creek Apartments
1 to 2 Bedroom Apartments

Bridge Creek Apartments

3304 Dukehart DrLouisville, KY 40218
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Green Meadows
1 to 3 Bedroom Apartments

Green Meadows

3619-3609 Green Meadows DrLouisville, KY 40218
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Bon Air Apartments
1 to 2 Bedroom Apartments

Bon Air Apartments

3201 Commander DrLouisville, KY 40220
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Auburndale
1 to 2 Bedroom Apartments

Auburndale

2003-2005 Terril LnLouisville, KY 40218
  • Utilities Included

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Medallion Court
2 Bedroom Apartments

Medallion Court

4200 Medallion CtLouisville, KY 40219
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Meadow Creek Apartments
1 to 2 Bedroom Apartments

Meadow Creek Apartments

2006-2013 Goldsmith LnLouisville, KY 40218
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Varra Bradel
1 Bedroom Apartments

Varra Bradel

1926 Peabody LnLouisville, KY 40218
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The Marc
1 to 3 Bedroom Apartments

The Marc

2308 Hikes LnLouisville, KY 40218
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Cleo I & II
3 Bedroom Apartments

Cleo I & II

1240-1314 Cleo AveLouisville, KY 40213
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Woods of Bridgewood
2 Bedroom Apartments

Woods of Bridgewood

5405 Warwickshire DrLouisville, KY 40213
  • Utilities Included
property at 3503 Medford Ct

$1,400

3 Bedroom, 1 Bath Home for Rent

Available Jun 1

3503 Medford Ct

LouisvilleKY40218

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

Stop driving and start living! We highlight the best Louisville neighborhoods—from Beechmont to Audubon Park—with great rentals near top job providers.

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Showing Results 1-46, Page 1 of 1

Watterson Park, Louisville, KY Local Guide

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 $820. Auburndale has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Watterson Park apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Addison Park Apartments1 Bedroom 1 Bathroom1BR,1BA$820
Auburndale1BR/1.0BA1BR,1BA$825
Eleven Oaks Apartments1B/1BA1BR,1BA$837
The Harrison | MarcMarc 1 Bedroom 1 Bathroom1BR,1BA$849
Creek Stone VillageOne Bedroom1BR,1BA$850
Meadow Creek ApartmentsMeadow Creek Apartments - 1 bedroom/1 bath1BR,1BA$865
Turtle Creek Apartments1 Bed, 1 bath1BR,1BA$869
Icon ApartmentsCedar1BR,1BA$879
Colony1 Bed, 1 bath1BR,1BA$879
Heather House1 Bedroom1BR,1BA$899

Best Value Apartments for Rent in Watterson Park, KY

As of May 24, 2026 the best value apartment in the Watterson Park area is the $1.03 price per square foot 3 Bedroom Two Bathrooms Model at The Hemingway in the in the Hayfield Dundee neighborhood starting from $1,489. The second greatest value Watterson Park apartment is the maple valley 3bd Model at Maple Valley Apartments starting at $1,250 with a $1.25 price per square foot in the Highview neighborhood. Here is today’s list of the best values for Watterson Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Hemingway3 Bedroom Two Bathrooms3BR,2BA$1.03
Maple Valley Apartmentsmaple valley 3bd3BR,1BA$1.25
Icon ApartmentsSummit2BR,1.5BA$1.27
The Lux TownhomesThe Lily - Cozy Two Bedroom, One Bath Townhome2BR,1BA$1.24
Turtle Creek Apartments1 Bed, 1 bath1BR,1BA$1.09
Ventana1 Bedroom 1 Bathroom1BR,1BA$1.27
Preston OaksThoroughbred2BR,1BA$1.32
Meadow Creek ApartmentsMeadow Creek Apartments - 1 bedroom/1 bath1BR,1BA$1.28
Auburndale1BR/1.0BA1BR,1BA$1.22
Eleven Oaks Apartments1B/1BA1BR,1BA$1.30

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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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
Watterson Park, Louisville, KY

Ranked #74

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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!

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 $820 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 $899 at Preston Oaks.

What is the most affordable Watterson Park Three Bedroom Apartment?

The best deal on a cheap Watterson Park Three Bedroom Apartment rental is at The Harrison | Marc and starts from $1,209.

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.

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

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.

decorative image for Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers article

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.

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.