Cheap Homes for Rent in St Matthews, KY from $800 (11 Rentals)

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Search the lowest-cost Homes 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.

property at 124 S Sherrin Ave

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

1 Bedroom, 1 Bath Condo for Rent

Available Now

124 S Sherrin Ave, Unit 4

124 S Sherrin Ave
St MatthewsKY40207

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.

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 Addison Park Apartments in the Hayfield Dundee neighborhood priced from $820. Parkside Apartments in the Butchertown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable St Matthews apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Addison Park Apartments1 Bedroom 1 Bathroom1BR,1BA$820
Parkside Apartments1BR/1.0BA1BR,1BA$825
The Edison1 Bedroom 1 Bathroom1BR,1BA$849
Highgate Springs ApartmentsThe Bowman1BR,1BA$850
Bridgepointe Crossing1 br1BR,1BA$852

Best Value Apartments for Rent in St Matthews, KY

As of June 12, 2026 the best value apartment in the St Matthews area is the $0.85 price per square foot 2010 Kenilworth Pl Model at 2010 Kenilworth Pl, Unit #1 in the in the Hayfield Dundee neighborhood starting from $2,200. The second greatest value St Matthews apartment is the 2909 Abigail Dr Model at 2909 Abigail Dr, Unit Apartment 3 starting at $1,095 with a $1.10 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.
2010 Kenilworth Pl, Unit #12010 Kenilworth Pl4BR,1BA$0.85
2909 Abigail Dr, Unit Apartment 32909 Abigail Dr2BR,1BA$1.10
Plymouth Village Apartments612 Breckenridge2BR,1.5BA$1.21
Grandview Apartments3815 Grandview2BR,1BA$1.22
Nora2 Bedroom 1 Bathroom2BR,1BA$1.17
Church Way Apartments4219 N Church Way1BR,1BA$1.17
Madrid ApartmentsORC1B/1B1BR,1BA$1.20
2910 Abigail Dr2 Beds, 1 Baths2BR,1BA$1.15
Vetra at St. MatthewsOne Bedroom Apartment1BR,1BA$1.24
Bridgepointe Crossing1 br1BR,1BA$1.23

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 St Matthews

What type of rentals are currently available in St Matthews?

There are currently 546 Apartments for Rent in St Matthews, KY with pricing that ranges from $750 to $4,514. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in St Matthews ranging from $825 to $8,000.

What is the current price range for Rental Homes in St Matthews?

Today's rental pricing for Homes for Rent, Condos and Townhomes in St Matthews ranges from $825 to $8,000 with an average monthly rent of $2,520.

How much are larger Three and Four Bedroom Rentals in St Matthews?

For those who are looking for larger living arrangements, Three Bedroom Apartments in St Matthews range from $1,219 to $3,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,375 to $8,000. Four Bedroom Single-Family rentals are also available starting from $1,699 and Four Bedroom Apartments start at $1,695.

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.

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Bourbon, Baseball, and the Blues: Your Insiders Guide to Louisville, Kentucky

Written by: Mike Heuer

Louisville is one great city in which to visit, live, work, and raise a family. It has excellent and reasonably affordable housing, great neighborhoods, and a whole lot more to offer its residents and visitors alike.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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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.