Cheap Homes for Rent in Louisville, TN from $1,300 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in Louisville.

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.

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.

Louisville, TN Local Guide

Cheapest Available Louisville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Louisville, TN is a Studio unit found at Cedar Hill in the West Hills neighborhood priced from $945. Hudson on the Greenway in the West Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here is today’s list of the most affordable Louisville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar HillStudio One Bath OpenStudio,1BA$945
Hudson on the Greenway1 Bedroom | One Bathroom1BR,1BA$1,049
The District KnoxvilleMove In Special-January1BR,1BA$1,100

Best Value Apartments for Rent in Louisville, TN and Nearby

As of April 10, 2026 the best value apartment in the Louisville area is the $1.28 price per square foot 3B townhouse Model at Deane Hill Apartments in the in the West Hills neighborhood starting from $1,699. The second greatest value Louisville apartment is the The Abbingdon Model at The Villas of Emerald Woods starting at $1,767 with a $1.53 price per square foot in the West Knoxville neighborhood. Here is today’s list of the best values for Louisville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Deane Hill Apartments3B townhouse3BR,2.5BA$1.28
The Villas of Emerald WoodsThe Abbingdon2BR,2.5BA$1.53
River Hill TownhomesCobalt2BR,1.5BA$1.36
Raintree ApartmentsStyle 12BR,1BA$1.21
Johnathan's Ridge ApartmentsTwo Bedroom2BR,1BA$1.37
Tiffany Square2 Bedroom2BR,1.5BA$1.58
The Reserve at Maryville ApartmentsA - The Bellevue1BR,1BA$1.57
The Reserve at Raintree1 Bedroom1BR,1BA$1.49
Mountain View1 Bedroom1BR,1BA$1.57
Hudson on the Greenway1 Bedroom | One Bathroom1BR,1BA$1.54

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Knoxville's College Scene: An Expert's Deep Dive into Local Universities and Top Student Neighborhoods for Renting

Searching for student housing in Knoxville? Discover affordable rentals in neighborhoods near top colleges in Knoxville, TN.

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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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Louisville

What type of rentals are currently available in Louisville?

There are currently 53 Apartments for Rent in Louisville, TN with pricing that ranges from $850 to $3,799. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Louisville ranging from $1,350 to $5,500.

What is the current price range for Rental Homes in Louisville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Louisville ranges from $1,350 to $5,500 with an average monthly rent of $3,287.

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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An Expert Local Guide to Top Affordable Neighborhoods to Rent in Knoxville, TN

Written by: Wendy Melton

Knoxville is considered to be a jewel of the south. It is the largest city in the eastern half of Tennessee and home to the main campus of the University of Tennessee.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.