
Cheap Homes for Rent in Watterson Park Neighborhood of Louisville, KY from $800 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Watterson Park area of Louisville.


4301 Norene Ln

5616 Lagoona Dr

5616 Lagoona Dr

4607 Caspian Dr
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.

3503 Medford Ct

5510 Halstead Ave

4608 Aral Dr

1645 Rangeland Rd

3122 Commander Dr
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.
Watterson Park, Louisville, KY Local Guide

How much does it cost to rent a home in Watterson Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watterson Park 2 Bedroom Homes for Rent | $1,603 | $965 | $2,080 |
| Watterson Park 3 Bedroom Homes for Rent | $1,607 | $1,150 | $2,205 |
| Watterson Park 4 Bedroom Homes for Rent | $1,929 | $1,499 | $2,680 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Watterson Park Neighborhood of Louisville, KY.
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Watterson Park, Louisville, KY Local Guide
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Cheapest Available Watterson Park Apartments for Rent
 The cheapest available apartment rental in the Watterson Park area of Louisville, KY is a 2 Beds unit found at Preston Oaks priced from $799. Addison Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $845. Here are the most affordable Watterson Park apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Preston Oaks | Thoroughbred | 2BR,1BA | $799 |
| Addison Park Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $845 |
| Meadow Creek Apartments | Meadow Creek Apartments - 1 bedroom/1 bath | 1BR,1BA | $865 |
Best Value Apartments for Rent in Watterson Park, KY
As of April 09, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Hemingway | 3 Bedroom Two Bathrooms | 3BR,2BA | $1.03 |
| Maple Valley Apartments | maple valley 3bd | 3BR,1BA | $1.25 |
| Icon Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.21 |
| The Lux Townhomes | The Lily - Cozy Two Bedroom, One Bath Townhome | 2BR,1BA | $1.24 |
| Turtle Creek Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.09 |
| 1417 Nightingale Rd | Heights at Audubon 2BR | 2BR,1BA | $1.35 |
| 1445 Nightingale Rd, Unit 4 | 1445 Nightingale Rd | 2BR,1BA | $1.35 |
| Ventana | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.27 |
| Meadow Creek Apartments | Meadow Creek Apartments - 1 bedroom/1 bath | 1BR,1BA | $1.28 |
| Colony | 1 Bed, 1 bath | 1BR,1BA | $1.36 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleThe 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
Read ArticleQuick 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 #77
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Watterson Park
What type of rentals are currently available in Watterson Park?
There are currently 167 Apartments for Rent in Watterson Park, KY with pricing that ranges from $695 to $3,157. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watterson Park ranging from $825 to $2,680.
What is the current price range for Rental Homes in Watterson Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Watterson Park ranges from $825 to $2,680 with an average monthly rent of $1,491.
How much are larger Three and Four Bedroom Rentals in Watterson Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Watterson Park range from $1,234 to $3,157, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,205. Four Bedroom Single-Family rentals are also available starting from $1,499 and Four Bedroom Apartments start at $1,810.
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.
Articles, How-To's, and Tips

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.
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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.