Cheap Apartments for Rent in Shively, KY from $500 (188 Rentals)

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Search the lowest-cost Apartments available for rent right now in Shively.

property at 1309 Dixie Hwy

$500 - $600

1 Bedroom Rentals

Available Now

1309 Dixie Hwy

LouisvilleKY40210
property at 1349 Olive St

$650 - $695

1 Bedroom Rentals

Available Now

1349 Olive St

LouisvilleKY40211

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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 725 S 16th St

$800

2 Bedroom Rentals

Available Now

725 S 16th St

LouisvilleKY40210

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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Broadleaf Arms
Rent Specials
$804 - $1,115
Total Monthly Price

Total Monthly Price

Base Rent
$804 - $1,115
Total Monthly Price
$804 - $1,115
1 to 2 Bedroom Apartments Available Now

Broadleaf Arms

4519-4523 Broadleaf DrLouisville, KY 40216
Affordability
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property at 2317 Ratcliffe Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

2317 Ratcliffe Ave

LouisvilleKY40210

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 1702 S 2nd St

$875 - $1,100

1 To 2 Bedroom Rentals

Available Now

1702 S 2nd St

LouisvilleKY40208

Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

There's more to Louisville than the Kentucky Derby. Get a local insider's take on the best bourbon tours, dining, music venues, horse racing, and cultural experiences the city has to offer.

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Showing Results 1-50, Page 1 of 4

Shively, KY Local Guide

Cheapest Available Shively Apartments for Rent

 

The cheapest available apartment rental in Shively, KY is a Studio unit found at The Puritan Senior Living - 62 & Over in the Phoenix Hill neighborhood priced from $200. 5310-5312 Milner Rd in the South Louisville neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Shively apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
5310-5312 Milner Rd0 Beds, 1 BathsStudio,1BA$550
5302 Milner Rd1 Beds, 1 Baths1BR,1BA$685
4804-4806 Saddlebrook Ln1 Beds, 1 Baths1BR,1BA$699
Lofts on OrmsbyStudioStudio,1BA$700
Southwood1 Bed, 1 bath1BR,1BA$749
4915-4919 Saddlebrook Ln2 Beds, 1 Baths2BR,1BA$750
Iroquois Green1 Bedroom - Garden Level1BR,1BA$755
Old Louisville - 1219 S 6th StS6th01Studio,1BA$795

Best Value Apartments for Rent in Shively, KY

As of June 20, 2026 the best value apartment in the Shively area is the $0.51 price per square foot Julep Model at Derby Row | Student Housing in the in the Phoenix Hill neighborhood starting from $649. The second greatest value Shively apartment is the 1 Bedroom, 1 Bathroom Extended Model at Hunters Run starting at $1,025 with a $1.00 price per square foot in the South Louisville neighborhood. Here is today’s list of the best values for Shively apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Derby Row | Student HousingJulep4BR,4BA$0.51
Hunters Run1 Bedroom, 1 Bathroom Extended1BR,1BA$1.00
By the ParkTwo bedroom2BR,1BA$0.93
Pennacook Pointe2 Bedroom2BR,1BA$1.00
4700 Walnut Grove Ave, Unit 14700 Walnut Grove Ave2BR,1BA$0.89
Furlong Apartments2 Bedroom/1Bath2BR,1BA$0.92
The Province (KY)2 Bed - 2 Bath2BR,2BA$1.01
The Kensington of LouisvilleKYKST 2x1 825sqft - W/D Included2BR,1BA$1.03
Bradford Pointe Apartments2BR/1.0BA2BR,1BA$1.07
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$1.01

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Shively Apartments

What is the Cheapest Studio apartment in Shively?

Currently the most affordable Cheap Studio Apartment in Shively is at The Puritan Senior Living - 62 & Over listed at $200.

How much is rent for a Cheap One Bedroom Shively Apartment?

The lowest price for a Cheap One Bedroom Shively Apartment is $685 at 5302 Milner Rd.

What is the lowest price for a Cheap Two Bedroom Shively Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Shively is starting from $750 at 4915-4919 Saddlebrook Ln.

What is the most affordable Shively Three Bedroom Apartment?

The best deal on a cheap Shively Three Bedroom Apartment rental is at Southwood and starts from $1,099.

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.

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Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

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