
Cheap Homes for Rent in Watterson Park Neighborhood of Louisville, KY from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Watterson Park area of Louisville.


3320 Bardstown Rd

1935 Gardiner Ln

1935 Gardiner Ln
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.

4213 Norene Ln, Unit 3

1968 Goldsmith Ln

3503 Medford Ct

4607 Caspian 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 | $1,487 | $1,000 | $1,850 |
| Watterson Park 3 Bedroom Homes for Rent | $1,627 | $1,400 | $2,200 |
| Watterson Park 4 Bedroom Homes for Rent | $2,065 | $1,597 | $2,680 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Addison Park Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $820 |
| Auburndale | 1BR/1.0BA | 1BR,1BA | $825 |
| Eleven Oaks Apartments | 1B/1BA | 1BR,1BA | $837 |
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 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 | Summit | 2BR,1.5BA | $1.27 |
| 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 |
| Ventana | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.27 |
| Preston Oaks | Thoroughbred | 2BR,1BA | $1.32 |
| Meadow Creek Apartments | Meadow Creek Apartments - 1 bedroom/1 bath | 1BR,1BA | $1.28 |
| Auburndale | 1BR/1.0BA | 1BR,1BA | $1.22 |
| Eleven Oaks Apartments | 1B/1BA | 1BR,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.
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 ArticleReal 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.
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 #74
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 $2,691. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watterson Park ranging from $715 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 $715 to $2,680 with an average monthly rent of $1,515.
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 $920 to $2,679, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,597 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.
Helpful Local Expert Guides

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.

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.

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

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.

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.

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.