Cheap Homes for Rent in Park Hill Neighborhood of Louisville, KY from $600 (45 Rentals)

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

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

property at 1048 S 36th St

1048 S 36th St

LouisvilleKY40211

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.

Read Article

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.

Read Article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Read Article
property at 1815 Columbia St

1815 Columbia St

LouisvilleKY40203

Park Hill - One of the Best Affordable Neighborhoods in Louisville

Named as one of the Best Affordable Neighborhoods to rent in Louisville by our Louisville, KY Local Expert Mike Heuer. See how it ranks!

Read Article
property at 1417 S 3rd St

1417 S 3rd St

LouisvilleKY40208
Showing Results 1-45, Page 1 of 1

Park Hill, Louisville, KY Local Guide

Cheapest Available Park Hill Apartments for Rent

 

The cheapest available apartment rental in the Park Hill area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. Gateway on Broadway has the second lowest priced unit, which is a 2 Beds apartment currently listed from $542. Here are the most affordable Park Hill apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Yugo Louisville Nine4 Bed, 4 Bath Classic Balcony4BR,4BA$709
Madison Apartments2 Bedroom2BR,1BA$745
Lofts on OrmsbyStudioStudio,1BA$775
Urban FlatsA1 Layout1BR,1BA$775
Rowan Place1 bedroom1BR,1BA$777
Vue at 3rd StreetStudioStudio,1BA$799

Best Value Apartments for Rent in Park Hill, KY

As of May 13, 2025 the best value apartment in the Park Hill area is the $1.14 price per square foot 3 Beds, 1.5 Baths Model at 1524 S 4th St in the in the Phoenix Hill neighborhood starting from $1,250. The second greatest value Park Hill apartment is the One Bedroom Model at Gateway on Broadway starting at $542 with a $0.50 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for Park Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1524 S 4th St3 Beds, 1.5 Baths3BR,1.5BA$1.14
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
1303 S 1st St1303 S 1st St1BR,1BA$1.10
1600 S 3rd St, Unit #21600 S 3rd St1BR,1BA$0.97
Yugo Louisville Nine2 Bed, 2 Bath Classic Pool View2BR,2BA$1.05
Madison Apartments2 Bedroom2BR,1BA$0.93
2614 W Jefferson St, Unit 42614 W Jefferson St2BR,1BA$1.05
Rowan Place1 bedroom1BR,1BA$1.05
The Cornerstone1 Bedroom1BR,1BA$1.14
3149 Vermont Ave, Unit 33149 Vermont Ave1BR,1BA$1.10

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

Frequently Asked Questions about Park Hill

What type of rentals are currently available in Park Hill?

There are currently 656 Apartments for Rent in Park Hill, KY with pricing that ranges from $200 to $4,490. There are also 150 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Hill ranging from $695 to $28,000.

What is the current price range for Rental Homes in Park Hill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Park Hill ranges from $695 to $28,000 with an average monthly rent of $1,845.

How much are larger Three and Four Bedroom Rentals in Park Hill?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Park Hill range from $675 to $2,025, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,701. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $535.

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 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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.