
Cheap Homes for Rent in Algonquin Neighborhood of Louisville, KY from $600 (50 Rentals)
Search the lowest-cost Homes available for rent right now in the Algonquin area of Louisville.


1438 S 7th St

2913 Dumesnil St

856 S 24th St

655 S 24th St

2104 Wilson Ave

2300 W Madison St

2300 W Madison St

3417 Hale Ave

1145 Louis Coleman Jr Drive
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.

2317 Ratcliffe Ave

666 Eastlawn Ave

2400 Burwell Ave

2335 W Lee St

2706 Algonquin Pkwy

3513 Georgetown Pl

2614 Virginia Ave

1934 W Madison St

655 S 35th St

3215 Greenwood Ave
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.

1410 Standard Village Cir

2634 Garland Ave

3442-3442 Heatherfield Dr, Unit 3442

2634 Garland Ave

1792 W Gaulbert Ave

1723 Glenview Pl

1708 W Gaulbert Ave

3019 Penway Ave

823 S 2nd St, Unit 3

1330 Olive St
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.

2411 Elliott Ave

1768 W Hill St

2111 7th Street Rd

1722 Gallagher St

1411 Sale Ave

728 S 35th St

2133 S 39th St

2730 Chase Ct

1849 W Gaulbert Ave

1714 W Hill St
Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Stop driving and start living! We highlight the best Louisville neighborhoods—from Beechmont to Audubon Park—with great rentals near top job providers.

515 S 20th St

4108 S 3rd St

1726 Sonne Ave

2931 Virginia Ave

2016 S 40th St

409 W Gaulbert Ave

409 W Gaulbert Ave

2711 W Kentucky St

3107 Montana Ave

2128 S 40th St
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.
Algonquin, Louisville, KY Local Guide

How much does it cost to rent a home in Algonquin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Algonquin 2 Bedroom Homes for Rent | $1,168 | $750 | $2,900 |
| Algonquin 3 Bedroom Homes for Rent | $1,305 | $815 | $4,500 |
| Algonquin 4 Bedroom Homes for Rent | $1,713 | $900 | $3,000 |
| Algonquin 5 Bedroom Homes for Rent | $1,974 | $1,449 | $2,500 |
| Algonquin 6 Bedroom Homes for Rent | $1,000 | $1,000 | $1,000 |
Browse Homes for Rent in this Neighborhood
There are currently 50 rentals with your search options within a 2 mile radius of the Algonquin Neighborhood of Louisville, KY.
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Algonquin, Louisville, KY Local Guide
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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. Vue at 3rd Street has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Algonquin apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Puritan Senior Living - 62 & Over | Studio | Studio,1BA | $200 |
| Vue at 3rd Street | Studio | Studio,1BA | $699 |
| Lofts on Ormsby | Studio | Studio,1BA | $700 |
| 800 Towers Apartments | Studio | Studio,1BA | $715 |
| Furlong Apartments | 2 Bedroom/1Bath | 2BR,1BA | $825 |
| Patriot Derby (FKA Vesta Derby Oaks) | A1 | 1BR,1BA | $850 |
| Artspace Lofts | Studio | Studio,1BA | $899 |
| Cardinal Village Apartments | 1x1 with Balcony | 1BR,1BA | $899 |
Best Value Apartments for Rent in Algonquin, KY
As of May 06, 2026 the best value apartment in the Algonquin area is the $1.05 price per square foot 1436 S 3rd St Model at 1436 S 3rd St, Unit #1 in the in the Phoenix Hill neighborhood starting from $995. The second greatest value Algonquin apartment is the 2 Bedroom/1Bath Model at Furlong Apartments starting at $825 with a $0.92 price per square foot in the Jacobs neighborhood. Here is today’s list of the best values for Algonquin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1436 S 3rd St, Unit #1 | 1436 S 3rd St | 1BR,1BA | $1.05 |
| Furlong Apartments | 2 Bedroom/1Bath | 2BR,1BA | $0.92 |
| The St. Francis Apartments | 2BR2BA | 2BR,2BA | $1.46 |
| Derby Row | Student Housing | Thoroughbred | 2BR,2BA | $1.05 |
| Guthrie-Coke Lofts | 1 Bedroom - 1 Bathroom | 1BR,1BA | $1.49 |
| The Cornerstone | 1 Bedroom | 1BR,1BA | $1.29 |
| 307 Woodbine St, Unit 3 | 307 Woodbine St | 1BR,1BA | $1.11 |
| 947 S Brook St | 1/1 | 1BR,1BA | $1.44 |
| 800 Towers Apartments | Studio | Studio ,1BA | $1.18 |
| 708 M St, Unit 3 | 708 M St | Studio ,1BA | $0.83 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleThe 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
Read ArticleQuick 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.
Best Local Schools in Algonquin, Louisville, KY
School data provided by Great Schools
Frequently Asked Questions about Algonquin
What type of rentals are currently available in Algonquin?
There are currently 597 Apartments for Rent in Algonquin, KY with pricing that ranges from $200 to $4,145. There are also 131 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $645 to $4,500.
What is the current price range for Rental Homes in Algonquin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Algonquin ranges from $645 to $4,500 with an average monthly rent of $1,300.
How much are larger Three and Four Bedroom Rentals in Algonquin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Algonquin range from $707 to $2,815, while Three Bedroom Homes, Condos, and Townhomes for rent range from $815 to $4,500. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $629.
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.
Helpful Local Expert Guides

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.

The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Written by: Mike Heuer
Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Written by: Mike Heuer
Kentucky is a business-friendly commonwealth, and Louisville is its largest city. It also is home to many great employers who pay well, and their workers have lots of great choices in neighborhoods to rent great apartments.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.

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.