Cheap Homes for Rent in the Algonquin Neighborhood of Louisville, KY from $645 (29 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 655 S 27th St
$699

Total Monthly Price

Base Rent$699

Total Monthly Price$699
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

655 S 27th St

LouisvilleKY40211
  • Smoke Free
property at 1735 W Hill St
$750

Total Monthly Price

Base Rent$750

Total Monthly Price$750
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1735 W Hill St

LouisvilleKY40210
  • Smoke Free
property at 1842 Bolling Ave
$750
1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

1842 Bolling Ave

LouisvilleKY40210
property at 1563 S Rear St
$800
1 Bedroom Rentals
Available Now
Affordability

1563 S Rear St

LouisvilleKY40210

Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

There's more to Louisville than the Kentucky Derby. Get a local insider's take on the best bourbon tours, dining, music venues, horse racing, and cultural experiences the city has to offer.

property at 2317 Ratcliffe Ave
$850

Total Monthly Price

Base Rent$850

Total Monthly Price$850
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

2317 Ratcliffe Ave

LouisvilleKY40210

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 2138 Crittenden Dr
$950
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

2138 Crittenden Dr

LouisvilleKY40217

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.

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

Best Value Homes for Rent in Algonquin, KY

As of September 19, 2026 the best value rental home in the Algonquin area is the $0.78 price per square foot 1036 S 7th St Model at 1036 S 7th St in the Medical Center neighborhood starting from $1,725. The second greatest value Algonquin rental home is the 729 S 38th St Model at 729 S 38th St in the Parkland neighborhood starting at $1,550 with a $0.86 price per square foot. Here is today’s list of the best values for Algonquin homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
1036 S 7th St1036 S 7th St4BR, 1BA$0.78
729 S 38th St729 S 38th St4BR, 2BA$0.86
1300 S 3rd St1300 S 3rd St2BR, 1BA$0.82
1600 Beech St1600 Beech St3BR, 1BA$0.90
1024 Cecil Ave1024 Cecil Ave3BR, 1BA$0.92
3030 Greenwood Ave3030 Greenwood Ave3BR, 2BA$0.79
2302 Bolling Ave2302 Bolling Ave3BR, 1BA$0.76
1119 Lincoln Ave1119 Lincoln Ave2BR, 2BA$0.81
655 S 27th St655 S 27th St2BR, 1BA$0.74
2317 Ratcliffe Ave2317 Ratcliffe Ave2BR, 1BA$0.94

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.

Read Article
Decorative image

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.

Read Article

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Algonquin

What type of rentals are currently available in Algonquin?

There are currently 605 Apartments for Rent in Algonquin, KY with pricing that ranges from $200 to $4,320. There are also 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $645 to $3,000.

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 $3,000 with an average monthly rent of $1,309.

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 $734 to $2,817, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $1,800. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $619.

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

decorative image for Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky article

Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

Written by: Mike Heuer

Louisville is one great city in which to visit, live, work, and raise a family. It has excellent and reasonably affordable housing, great neighborhoods, and a whole lot more to offer its residents and visitors alike.

decorative image for Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers article

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.

decorative image for The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters article

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.

decorative image for The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis   article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.