Cheap Apartments for Rent in the Algonquin Neighborhood of Louisville, KY from $300 (124 Rentals)

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

property at 3915 Southern PArkway

$495

Total Monthly Price

Total Monthly Price

Base Rent
$495
Total Monthly Price
$495

1 Bedroom, 1 Bath Townhome for Rent

Available Now

3915 Southern PArkway, Unit #4

3915 Southern PArkway
LouisvilleKY40214
property at 1309 Dixie Hwy

$500 - $600

1 Bedroom Rentals

Available Now

1309 Dixie Hwy

LouisvilleKY40210
property at 1349 Olive St

$650

1 Bedroom Rentals

Available Now

1349 Olive St

LouisvilleKY40211

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 725 S 16th St

$800

2 Bedroom Rentals

Available Now

725 S 16th St

LouisvilleKY40210
property at 2300 W Madison St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

2300 W Madison St

LouisvilleKY40211
property at 2317 Ratcliffe Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

2317 Ratcliffe Ave

LouisvilleKY40210

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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property at 1702 S 2nd St

$850 - $1,100

1 To 2 Bedroom Rentals

Available Now

1702 S 2nd St

LouisvilleKY40208
property at 4140 W Broadway

$850 - $1,300

1 To 2 Bedroom Rentals

Available Now

4140 W Broadway

LouisvilleKY40211
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The St. Francis Apartments
Rent Specials
$852 - $1,260
Total Monthly Price

Total Monthly Price

Base Rent
$852 - $1,260
Total Monthly Price
$852 - $1,260
Studio to 2 Bedroom Apartments Available Now

The St. Francis Apartments

233 W BroadwayLouisville, KY 40202
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Algonquin, Louisville, KY Local Guide

Cheapest Available Algonquin Apartments for Rent

 

The cheapest available apartment rental in the Algonquin area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. 800 Towers Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $719. Here are the most affordable Algonquin apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
800 Towers ApartmentsStudioStudio,1BA$719
Old Louisville - 1219 S 6th StS6th01Studio,1BA$795
Lofts on OrmsbyStudioStudio,1BA$800
Furlong Apartments2 Bedroom/1Bath2BR,1BA$825
Patriot Derby (FKA Vesta Derby Oaks)A11BR,1BA$850
The St. Francis ApartmentsStudioStudio,1BA$852
Beecher Family1 Bdrm Garden, 608 SqFt, Tax Credit, 60% AMI1BR,1BA$861
Brexx at LouisvilleCloverhurst 4x4.54BR,4BA$869
Crescent Centre Apartments & TownhomesOne Bedroom-699 sqft1BR,1BA$885

Best Value Apartments for Rent in Algonquin, KY

As of July 03, 2026 the best value apartment in the Algonquin area is the $0.54 price per square foot Courtyard 4x4 Model at Brexx at Louisville in the in the Downtown Louisville neighborhood starting from $839. The second greatest value Algonquin apartment is the 222 E Oak St Model at 222 E Oak St, Unit 1 starting at $1,550 with a $1.14 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for Algonquin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brexx at LouisvilleCourtyard 4x44BR,4BA$0.54
222 E Oak St, Unit 1222 E Oak St3BR,2BA$1.14
Derby Row | Student HousingJulep4BR,4BA$0.51
Furlong Apartments2 Bedroom/1Bath2BR,1BA$0.92
The Province (KY)2 Bed - 2 Bath2BR,2BA$1.01
The St. Francis Apartments2BR2BA2BR,2BA$1.46
216 W Burnett Ave, Unit 226B216 W Burnett Ave2BR,1BA$1.35
The Cornerstone1 Bedroom1BR,1BA$1.29
947 S Brook St1/11BR,1BA$1.44
800 Towers ApartmentsStudioStudio ,1BA$1.19

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 Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Best Local Schools in
Algonquin, Louisville, KY

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States and customized analysis for Central Louisville, KY. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. These search options are in the site filters at the top of this page.

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 $885.

What is the price of a cheap apartment in Algonquin?

The cheapest apartment in Algonquin is 800 Towers Apartments which is listed at $792, while the average apartment in Algonquin costs $1,200.

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 76 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 $511 which is $689 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.

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Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.