
Cheap Apartments for Rent near Parkway Village, KY from $619 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Parkway Village.


800 Towers Apartments

Old Louisville - 1219 S 6th St

Poplar Terrace

Lofts on Ormsby

Germantown Village Apartments

Total Monthly Price
Patriot Derby (FKA Vesta Derby Oaks)

Total Monthly Price
The St. Francis Apartments

The Belknap Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Cardinal Village Apartments

The Cornerstone

Monarch Station

Baringer Manor

Heights at Audubon Park

York Towers Apartments

Elevate at NuLu Apartment Homes

The Avenue in the Highlands

Grinstead
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.

St. Francis Apartments

The Prestonian

Total Monthly Price
2189 Baringer Ave

Lofts of Broadway

Total Monthly Price
Maven @ 806

Swiss Village

Dundee Place Apartments

Total Monthly Price
Germantown Mill Lofts

Total Monthly Price
Bradford Mills Lofts
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

2138 Crittenden Dr

512 Iowa Ave

2909 S 5th St

1318 S Brook St

2520 S 3rd St

420 Montana Ave

604 Winkler Ave

2413 S 5th St

1452 S Hancock St
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.

2226 S Shelby St

3501 Illinois Ave
Parkway Village, KY Local Guide

How much does it cost to rent an apartment in Parkway Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkway Village Studio Apartments | $927 | $200 | $1,685 |
| Parkway Village 1 Bedroom Apartments | $1,216 | $200 | $2,688 |
| Parkway Village 2 Bedroom Apartments | $1,211 | $827 | $2,934 |
| Parkway Village 3 Bedroom Apartments | $1,225 | $723 | $1,600 |
| Parkway Village 4 Bedroom Apartments | $619 | $619 | $619 |
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Parkway Village, KY Local Guide
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Cheapest Available Parkway Village Apartments for Rent and Nearby
 The cheapest available apartment rental in Parkway Village, KY is a Studio unit found at The Puritan Senior Living - 62 & Over in the Phoenix Hill neighborhood priced from $200. 800 Towers Apartments in the Medical Center neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $719. Here is today’s list of the most affordable Parkway Village apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Puritan Senior Living - 62 & Over | Studio | Studio,1BA | $200 |
| 800 Towers Apartments | Studio | Studio,1BA | $719 |
| Old Louisville - 1219 S 6th St | S6th01 | Studio,1BA | $795 |
| Lofts on Ormsby | Studio | Studio,1BA | $800 |
| Germantown Village Apartments | 1 Bedroom | 1BR,1BA | $849 |
| Patriot Derby (FKA Vesta Derby Oaks) | A1 | 1BR,1BA | $850 |
| The St. Francis Apartments | Studio | Studio,1BA | $852 |
| The Belknap Apartments | 1BR/1.0BA | 1BR,1BA | $895 |
| The Cornerstone | 1 Bedroom | 1BR,1BA | $900 |
| Monarch Station | 1 Bed, 1 bath | 1BR,1BA | $947 |
Best Value Apartments for Rent in Parkway Village, KY and Nearby
As of August 22, 2026 the best value apartment in the Parkway Village area is the $1.38 price per square foot Two Bedroom One Bath Model at The Avenue in the Highlands in the in the Phoenix Hill neighborhood starting from $1,311. The second greatest value Parkway Village apartment is the 2 Bedroom/1 Bathroom Model at 2189 Baringer Ave starting at $1,095 with a $1.22 price per square foot in the Hayfield Dundee neighborhood. Here is today’s list of the best values for Parkway Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Avenue in the Highlands | Two Bedroom One Bath | 2BR,1BA | $1.38 |
| 2189 Baringer Ave | 2 Bedroom/1 Bathroom | 2BR,1BA | $1.22 |
| St. Francis Apartments | The Douglass | 1BR,1BA | $1.28 |
| Derby Row | Student Housing | Thoroughbred | 2BR,2BA | $1.09 |
| Heights at Audubon Park | Heights at Audubon 2BR | 2BR,1BA | $1.26 |
| The Belknap Apartments | 1BR/1.0BA | 1BR,1BA | $1.28 |
| The Cornerstone | 1 Bedroom | 1BR,1BA | $1.29 |
| Germantown Village Apartments | 1 Bedroom | 1BR,1BA | $1.28 |
| 800 Towers Apartments | Studio | Studio ,1BA | $1.19 |
| The Puritan Senior Living - 62 & Over | Studio | Studio ,1BA | $0.44 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Parkway Village, KY Rentals by Map
See the most popular apartments and homes in Parkway Village, KY
Frequently Asked Questions about Cheap Parkway Village Apartments
What is the Cheapest Studio apartment in Parkway Village?
Currently the most affordable Cheap Studio Apartment in Parkway Village is at The Puritan Senior Living - 62 & Over listed at $200.
How much is rent for a Cheap One Bedroom Parkway Village Apartment?
The lowest price for a Cheap One Bedroom Parkway Village Apartment is $754 at 800 Towers Apartments.
What is the lowest price for a Cheap Two Bedroom Parkway Village Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Parkway Village is starting from $950 at Patriot Derby (FKA Vesta Derby Oaks).
What is the most affordable Parkway Village Three Bedroom Apartment?
The best deal on a cheap Parkway Village Three Bedroom Apartment rental is at The Cornerstone and starts from $1,200.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.