Cheap 1 Bedroom Apartments for Rent in the Algonquin Neighborhood of Louisville, KY from $200 (54 Rentals) Page 2 of 2
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.
Algonquin - 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!
Algonquin, Louisville, KY Local Guide

How much does it cost to rent an apartment in Algonquin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Algonquin Studio Apartments | $953 | $200 | $1,539 |
Algonquin 1 Bedroom Apartments | $1,077 | $200 | $3,172 |
| Algonquin 2 Bedroom Apartments | $1,274 | $542 | $4,510 |
| Algonquin 3 Bedroom Apartments | $1,372 | $675 | $6,880 |
| Algonquin 4 Bedroom Apartments | $948 | $599 | $4,716 |
Explore Louisville
Getting Around the Algonquin Neighborhood in Louisville, KY
Walk Score®
53 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
43 / 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 Algonquin Apartments
What is a cheap apartment in Algonquin?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Algonquin is under $850.
What is the price of a cheap apartment in Algonquin?
The cheapest apartment in Algonquin is Gateway on Broadway which is listed at $542, while the average apartment in Algonquin costs $1,585.
What types of apartments are the cheapest in Algonquin?
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 94 regular apartments in Algonquin 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 Algonquin?
Cheap apartments in Algonquin have an average cost of $359 which is $1,226 cheaper than the average rent for all rentals in Algonquin.
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

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 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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!



