Cheap Apartments for Rent in St Matthews, KY from $600 (116 Rentals)

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

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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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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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 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.

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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.

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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 Parkside Apartments in the Butchertown neighborhood priced from $775. The Edison in the Oak Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable St Matthews apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkside Apartments1 Bedroom 1 Bathroom1BR,1BA$775
The Edison1 Bedroom 1 Bathroom1BR,1BA$799
Bridgepointe Crossing1 br1BR,1BA$837
Villages of Hikes Point1B/1BA1BR,1BA$840
Addison Park Apartments1 Bedroom 1 Bathroom1BR,1BA$845
Lindsay Court Apartments1 Bedroom - Square Kitchen1BR,1BA$849
Devonshire ApartmentsThe Briarwood1BR,1BA$877
Highgate Springs ApartmentsThe Bowman1BR,1BA$880
Butchertown FlatsThe Kamal1BR,1BA$919

Best Value Apartments for Rent in St Matthews, KY

As of April 12, 2026 the best value apartment in the St Matthews area is the $1.21 price per square foot The Willow Model at Partridge Meadows Apartments in the in the Graymoor Devondale neighborhood starting from $1,699. The second greatest value St Matthews apartment is the Two Bed One Bath 1050 Model at Hidden Creek Apartment Homes starting at $1,295 with a $1.23 price per square foot in the Oak Park 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.
Partridge Meadows ApartmentsThe Willow3BR,2BA$1.21
Hidden Creek Apartment HomesTwo Bed One Bath 10502BR,1BA$1.23
Plymouth Village Apartments612 Breckenridge2BR,1.5BA$1.21
Westbury Harbour1 bedroom 1 bath1BR,1BA$1.02
321 Ridgedale Rd, Unit 1321 Ridgedale Rd2BR,1BA$1.06
Arterburn Crossing2/12BR,1BA$1.22
Grandview Apartments3815 Grandview2BR,1BA$1.22
Church Way Apartments4219 N Church Way1BR,1BA$1.17
Madrid ApartmentsORC1B/1B1BR,1BA$1.20
Bridgepointe Crossing1 br1BR,1BA$1.21

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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!

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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 The Grove at Lyndon listed at $946.

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

The lowest price for a Cheap One Bedroom St Matthews Apartment is $775 at Parkside 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 $887 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 $1,134.

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

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.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.