Cheap Apartments for Rent in the Portland Neighborhood of Louisville, KY from $300 (2 Rentals)

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

Louisville's Best Affordable Neighborhoods

Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

Portland, Louisville, KY Local Guide

Best Value Apartments for Rent in Portland, KY

As of March 21, 2025 the best value apartment in the Portland area is the $1.00 price per square foot 231 Cecil Ave Model at 231 Cecil Ave in the in the Portland neighborhood starting from $1,395. The second greatest value Portland apartment is the 315 S 42nd St Model at 315 S 42nd St starting at $1,145 with a $0.92 price per square foot in the Portland neighborhood. Here is today’s list of the best values for Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
231 Cecil Ave231 Cecil Ave5BR,2BA$1.00
315 S 42nd St315 S 42nd St3BR,2BA$0.92
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
Madison Apartments2 Beds, 1 bath2BR,1BA$1.02
Rowan Place1 bedroom1BR,1BA$1.05
2614 W Jefferson St, Unit 42614 W Jefferson St2BR,1BA$1.18
The Cornerstone1 Bedroom1BR,1BA$1.29
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$1.45
Brookview GlenStudioStudio ,1BA$0.95

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Pet Friendly Lifestyle
Portland, Louisville, KY

Ranked #168

Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Portland Neighborhood in Louisville, KY

Walk Score®

57 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

66 / 100

Bikeable

Some bike infrastructure

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Portland Apartments

What is a cheap apartment in Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Portland is under $900.

What is the price of a cheap apartment in Portland?

The cheapest apartment in Portland is Gateway on Broadway which is listed at $542, while the average apartment in Portland costs $948.

What types of apartments are the cheapest in Portland?

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 220 regular apartments in Portland 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 Portland?

Cheap apartments in Portland have an average cost of $384 which is $564 cheaper than the average rent for all rentals in Portland.

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.

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