
Cheap 3 Bedroom Apartments for Rent in the Shelby Park Neighborhood of Louisville, KY from $599 (6 Rentals)


1518 W Muhammad Ali Blvd

3006 S 3rd St

Vesta Derby Oaks (Patriot Derby)
Shelby Park
Named as one of the Best Affordable Neighborhoods to rent in Louisville by our Louisville, KY Local Expert Mike Heuer. See how it ranks!
Shelby Park, Louisville, KY Local Guide

How much does it cost to rent an apartment in Shelby Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Shelby Park Studio Apartments | $1,171 | $200 | $4,108 |
Shelby Park 1 Bedroom Apartments | $1,306 | $200 | $3,132 |
Shelby Park 2 Bedroom Apartments | $1,537 | $542 | $4,490 |
Shelby Park 3 Bedroom Apartments | $1,553 | $599 | $6,880 |
Shelby Park 4 Bedroom Apartments | $535 | $535 | $535 |
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Shelby Park, Louisville, KY Local Guide
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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.
Getting Around the Shelby Park Neighborhood in Louisville, KY
Walk Score®
71 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
78 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
44 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Shelby Park Apartments
What is a cheap apartment in Shelby Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Shelby Park is under $799.
What is the price of a cheap apartment in Shelby Park?
The cheapest apartment in Shelby Park is Vesta Derby Oaks (Patriot Derby) which is listed at $1,190, while the average apartment in Shelby Park costs $1,298.
What types of apartments are the cheapest in Shelby 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 1,823 regular apartments in Shelby 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 Shelby Park?
Cheap apartments in Shelby Park have an average cost of $299 which is $999 cheaper than the average rent for all rentals in Shelby Park.
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.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.