
Cheap Studio Apartments for Rent in the Algonquin Neighborhood of Louisville, KY from $200 (21 Rentals)


Lofts on Ormsby

1144 S 3rd St

1231 S 4th St

Vue at 3rd Street

800 Towers Apartments
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.
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,160 | $200 | $1,669 |
Algonquin 1 Bedroom Apartments | $1,292 | $200 | $3,032 |
Algonquin 2 Bedroom Apartments | $1,446 | $542 | $4,490 |
Algonquin 3 Bedroom Apartments | $1,281 | $675 | $2,025 |
Algonquin 4 Bedroom Apartments | $1,041 | $535 | $1,395 |
Explore Louisville
Algonquin, 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 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 $910.
What is the price of a cheap apartment in Algonquin?
The cheapest apartment in Algonquin is The Puritan Senior Living - 62 & Over which is listed at $200, while the average apartment in Algonquin costs $4,200.
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 78 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 $237 which is $3,963 cheaper than the average rent for all rentals in Algonquin.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.