Cheap Apartments for Rent in the Highland Park Neighborhood of Louisville, KY from $500 (17 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Highland Park area of Louisville.

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.

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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Douglas Park Apartments
1 to 3 Bedroom Apartments

Douglas Park Apartments

401 Douglas ParkLouisville, KY 40214
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Nightingale Apartments
2 Bedroom Apartments

Nightingale Apartments

1447 Nightingale RdLouisville, KY 40213
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Old School Apartments
Studio to 1 Bedroom Apartments

Old School Apartments

422 Heywood AveLouisville, KY 40208
Senior Living
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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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Bellevue Arms
1 to 2 Bedroom Apartments

Bellevue Arms

4652 Bellevue AveLouisville, KY 40215
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Imperial Arms
1 to 2 Bedroom Apartments

Imperial Arms

4816 S 3rd StLouisville, KY 40214
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Highland Park, Louisville, KY Local Guide

Cheapest Available Highland Park Apartments for Rent

 

The cheapest available apartment rental in the Highland Park area of Louisville, KY is a 1 Bed unit found at Kenwood Arms priced from $825. Heritage Green Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $829. Here are the most affordable Highland Park apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Kenwood ArmsKenwood Arms - 1b/1ba1BR,1BA$825
Heritage Green ApartmentsThe Single1BR,1BA$829
Patriot Derby (FKA Vesta Derby Oaks)A11BR,1BA$850
Maple Run ApartmentsMaple Run | 2b/1ba2BR,1BA$900
Beechmont TownhomesBeechmont Townhomes- Unfinished Basement2BR,1BA$995

Best Value Apartments for Rent in Highland Park, KY

As of December 28, 2025 the best value apartment in the Highland Park area is the $0.90 price per square foot 175 Gillette Ave Model at 175 Gillette Ave, Unit 2 in the in the Downtown Louisville neighborhood starting from $900. The second greatest value Highland Park apartment is the Kenwood Arms - Waiting List (2b/1b) Model at Kenwood Arms starting at $985 with a $1.13 price per square foot in the Downtown Louisville neighborhood. Here is today’s list of the best values for Highland Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
175 Gillette Ave, Unit 2175 Gillette Ave3BR,1BA$0.90
Kenwood ArmsKenwood Arms - Waiting List (2b/1b)2BR,1BA$1.13
Beechmont TownhomesBeechmont Townhomes- Finished Basement2BR,1BA$1.29
Maple Run ApartmentsMaple Run | 2b/1ba2BR,1BA$1.07
Tanglewood Apartments1x11BR,1BA$1.32
Patriot Derby (FKA Vesta Derby Oaks)A11BR,1BA$1.63
TrifectaA11BR,1BA$2.10
Heritage Green ApartmentsThe Single1BR,1BA$1.73

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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Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Highland Park, Louisville, KY

Ranked #119

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Highland Park Apartments

What is the price of a cheap apartment in Highland Park?

The cheapest apartment in Highland Park is Kenwood Arms which is listed at $825, while the average apartment in Highland Park costs $4,772.

What types of apartments are the cheapest in Highland Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Highland Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Highland Park?

Cheap apartments in Highland Park have an average cost of $342 which is $4,430 cheaper than the average rent for all rentals in Highland Park.

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

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.