Cheap Homes for Rent in Shively, KY from $500 (61 Rentals)

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

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 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
property at 3215 Virginia Ave

$924

Total Monthly Price

Total Monthly Price

Base Rent
$924
Total Monthly Price
$924

1 Bedroom, 1 Bath Home for Rent

Available Now

3215 Virginia Ave

LouisvilleKY40211

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.

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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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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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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 1-50, Page 1 of 2

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
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$764
Old Louisville - 1219 S 6th StS6th01Studio,1BA$795

Best Value Apartments for Rent in Shively, KY

As of June 07, 2026 the best value apartment in the Shively area is the $1.00 price per square foot 1461 S 1st St Model at 1461 S 1st St, Unit Apt 2 in the in the Phoenix Hill neighborhood starting from $1,300. The second greatest value Shively apartment is the Julep Model at Derby Row | Student Housing starting at $649 with a $0.51 price per square foot in the Phoenix Hill 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.
1461 S 1st St, Unit Apt 21461 S 1st St2BR,1BA$1.00
Derby Row | Student HousingJulep4BR,4BA$0.51
Riverport Landing Family ApartmentsC13BR,2BA$1.02
Pennacook Pointe2 Bedroom2BR,1BA$1.00
By the ParkTwo bedroom2BR,1BA$0.93
Riverport Landings Senior2B1B2BR,1BA$1.02
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
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.96

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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Quick 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.

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

Explore Shively, KY Rentals by Map

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See the most popular apartments and homes in Shively, KY

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Frequently Asked Questions about Shively

What type of rentals are currently available in Shively?

There are currently 773 Apartments for Rent in Shively, KY with pricing that ranges from $200 to $2,127. There are also 173 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shively ranging from $550 to $3,000.

What is the current price range for Rental Homes in Shively?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shively ranges from $550 to $3,000 with an average monthly rent of $1,348.

How much are larger Three and Four Bedroom Rentals in Shively?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Shively range from $717 to $2,127, while Three Bedroom Homes, Condos, and Townhomes for rent range from $697 to $2,650. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $649.

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.

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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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.