Cheap Homes for Rent in Algonquin Neighborhood of Louisville, KY from $600 (47 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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.

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.

Read Article
property at 714 S 42nd St

714 S 42nd St

LouisvilleKY40211

The 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 Article

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-47, Page 1 of 1

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. Gateway on Broadway has the second lowest priced unit, which is a 2 Beds apartment currently listed from $542. 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
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Vue at 3rd StreetStudioStudio,1BA$799
Vesta Derby Oaks (Patriot Derby)A1A1BR,1BA$850
Lofts on OrmsbySuper StudioStudio,1BA$850
800 Towers ApartmentsStudioStudio,1BA$865
Flats on FifthThe Volstead1BR,1BA$905
Cardinal Village Apartments1x1 Lower Level1BR,1BA$910

Best Value Apartments for Rent in Algonquin, KY

As of August 16, 2025 the best value apartment in the Algonquin area is the $0.50 price per square foot One Bedroom Model at Gateway on Broadway in the in the Phoenix Hill neighborhood starting from $542. The second greatest value Algonquin apartment is the 2 Bedroom Model at The Cornerstone starting at $1,000 with a $1.11 price per square foot in the Medical Center 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.
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
The Cornerstone2 Bedroom2BR,1BA$1.11
The St. Francis Apartments2BR2BA2BR,2BA$1.28
Derby Row | Student HousingThoroughbred2BR,2BA$1.09
1386 S 3rd StFirst FLOOR1BR,1BA$1.19
226 W Burnett Ave, Unit 218226 W Burnett Ave2BR,1BA$1.33
Guthrie-Coke Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.49
800 Towers ApartmentsStudioStudio ,1BA$1.43
708 M St, Unit 3708 M StStudio ,1BA$0.83
2209 Crittenden Dr, Unit #32209 Crittenden Dr1BR,1BA$1.49

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

Pet Friendly Lifestyle
Algonquin, Louisville, KY

Ranked #44

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 600 Apartments for Rent in Algonquin, KY with pricing that ranges from $200 to $3,835. There are also 165 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $200 to $3,600.

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 $200 to $3,600 with an average monthly rent of $1,251.

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 $675 to $2,025, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $3,200. Four Bedroom Single-Family rentals are also available starting from $200 and Four Bedroom Apartments start at $535.

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.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.