Cheap Apartments for Rent in St Matthews, KY from $600 (112 Rentals)

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

property at 124 S Sherrin Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

124 S Sherrin Ave, Unit 4

124 S Sherrin Ave
St MatthewsKY40207

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 449 Mt Holly Ave

$850

1 Bedroom, 1 Bath Home for Rent

Available Now

449 Mt Holly Ave

LouisvilleKY40206

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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property at 1935 Gardiner Ln

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1935 Gardiner Ln

LouisvilleKY40205

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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The Belltower
Rent Specials
$1,148 - $2,517
Total Monthly Price

Total Monthly Price

Base Rent
$1,148 - $2,517
Total Monthly Price
$1,148 - $2,517
1 to 3 Bedroom Apartments Available Now

The Belltower

3400 Tevis DrLouisville, KY 40220
Corporate Housing
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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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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 The Edison in the Oak Park neighborhood priced from $799. Addison Park Apartments in the Hayfield Dundee neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here is today’s list of the most affordable St Matthews apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Edison1 Bedroom 1 Bathroom1BR,1BA$799
Addison Park Apartments1 Bedroom 1 Bathroom1BR,1BA$820
Villages of Hikes Point1B/1BA1BR,1BA$840
Bridgepointe Crossing1 br1BR,1BA$863
Parkside Apartments1BR/1.0BA1BR,1BA$875
Highgate Springs ApartmentsThe Bowman1BR,1BA$880
Views at Crescent Hill1 Bedroom A1BR,1BA$899
The MetropolitanA11BR,1BA$937
Partridge Meadows ApartmentsThe Starling1BR,1BA$943

Best Value Apartments for Rent in St Matthews, KY

As of May 27, 2026 the best value apartment in the St Matthews area is the $1.17 price per square foot 2+2 Reno Model at Chatsworth Park Apartments in the in the Crescent Hill neighborhood starting from $1,400. The second greatest value St Matthews apartment is the Three Bedroom Two Bath Model at Vetra at St. Matthews starting at $1,429 with a $1.24 price per square foot in the Hayfield Dundee 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.
Chatsworth Park Apartments2+2 Reno2BR,2BA$1.17
Vetra at St. MatthewsThree Bedroom Two Bath3BR,2BA$1.24
Plymouth Village Apartments612 Breckenridge2BR,1.5BA$1.21
Butchertown FlatsThe Magazine2BR,1.5BA$1.16
Church Way Apartments4219 N Church Way1BR,1BA$1.17
Arterburn Crossing2/12BR,1BA$1.22
Grandview Apartments3815 Grandview2BR,1BA$1.22
Madrid ApartmentsORC1B/1B1BR,1BA$1.20
Partridge Meadows ApartmentsThe Starling1BR,1BA$1.24
Bridgepointe Crossing1 br1BR,1BA$1.25

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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Frequently Asked Questions about Cheap St Matthews Apartments

What is the Cheapest Studio apartment in St Matthews?

Currently the most affordable Cheap Studio Apartment in St Matthews is at Halsey Flats listed at $1,025.

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

The lowest price for a Cheap One Bedroom St Matthews Apartment is $799 at The Edison.

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 $927 at Bridgepointe Crossing.

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 $1,242.

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

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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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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.

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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.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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