Cheap Apartments for Rent in St Matthews, KY from $600 (88 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 3520 Willis Ave

3520 Willis Ave

St MatthewsKY40207

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Louisville's Best Affordable Neighborhoods

Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

St Matthews, KY Local Guide

Cheapest Available St Matthews Apartments for Rent

 

The cheapest available apartment rental in St Matthews, KY is a 1 Bed unit found at Devonshire Apartments in the Graymoor Devondale neighborhood priced from $834. Addison Park Apartments in the Hayfield Dundee neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $836. Here is today’s list of the most affordable St Matthews apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Devonshire ApartmentsThe Briarwood1BR,1BA$834
Addison Park ApartmentsTwo Bed One Bath2BR,1BA$836
Bridgepointe Crossing2 br2BR,1BA$852
Madrid ApartmentsHUN1B/1B1BR,1BA$920
Villages of Hikes PointVillages of Hikes Pointe | 2B/1BA2BR,1BA$925
Nora1 Bedroom 1 Bathroom1BR,1BA$949
Village Manor Apartments1x1-610 FLAT1BR,1BA$962
Jamestown at St. Matthews ApartmentsOne Bedroom Apartment1BR,1BA$976
MAA WestportThe Jefferson1BR,1BA$978

Best Value Apartments for Rent in St Matthews, KY

As of July 10, 2025 the best value apartment in the St Matthews area is the $1.24 price per square foot Sherburn Model at Halsey Flats in the in the Bowman neighborhood starting from $1,795. The second greatest value St Matthews apartment is the The Nest Model at Eagles Eyrie Apartments starting at $1,218 with a $0.94 price per square foot in the Crescent Hill neighborhood. Here is today’s list of the best values for St Matthews apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Halsey FlatsSherburn4BR,2.5BA$1.24
Eagles Eyrie ApartmentsThe Nest2BR,2BA$0.94
Addison Park ApartmentsThree Bed Two Bath3BR,2BA$1.00
Butchertown FlatsThe Avalon2BR,2BA$1.26
Westbury Harbour1 bedroom 1 bath1BR,1BA$1.06
Bridgepointe Crossing2 br2BR,1.5BA$0.93
319 Ridgedale Rd, Unit 1319 Ridgedale Rd1BR,1BA$1.11
Villages of Hikes PointVillages of Hikes Pointe | 2B/1BA2BR,1BA$1.06
Lyndon Crossings ApartmentsGentry2BR,2BA$1.25
Berkshire ApartmentsTwo Bedroom One Bath2BR,1BA$1.27

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.

decorative image of people with a giant lease agreement

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

Explore St Matthews, KY Rentals by Map

View MapSt Matthews, KY Apartments MapView MapSt Matthews, KY Rental Homes Map

Getting Around St Matthews, KY

Walk Score®

63 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

36 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap St Matthews Apartments

How much is rent for a Cheap One Bedroom St Matthews Apartment?

The lowest price for a Cheap One Bedroom St Matthews Apartment is $832 at Devonshire Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in St Matthews is starting from $836 at Addison Park Apartments.

What is the most affordable St Matthews Three Bedroom Apartment?

The best deal on a cheap St Matthews Three Bedroom Apartment rental is at Village Manor Apartments and starts from $1,134.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.