Cheap Homes for Rent in Algonquin Neighborhood of Louisville, KY from $600 (31 Rentals)

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

property at 664 S 27th St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Rentals

Available Now

664 S 27th St

LouisvilleKY40211

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.

property at 1528 Wilson Ave

$899

Total Monthly Price

Total Monthly Price

Base Rent
$899

Total Monthly Price
$899

3 Bedroom, 1 Bath Home for Rent

Available Now

1528 Wilson Ave

LouisvilleKY40210

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.

property at 2634 Garland Ave

$945

Total Monthly Price

Total Monthly Price

Base Rent
$945

Total Monthly Price
$945

3 Bedroom, 1 Bath Rentals

Available Now

2634 Garland Ave

LouisvilleKY40211
property at 2634 Garland Ave

$945

Total Monthly Price

Total Monthly Price

Base Rent
$945

Total Monthly Price
$945

3 Bedroom, 1 Bath Rentals

Available Now

2634 Garland Ave

LouisvilleKY40211

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.

property at 1369 Catalpa St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

3 Bedroom, 1 Bath Home for Rent

Available Now

1369 Catalpa St

LouisvilleKY40211

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

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$699
Lofts on OrmsbyStudioStudio,1BA$700
800 Towers ApartmentsStudioStudio,1BA$764
947 S Brook St1/11BR,1BA$825
Furlong Apartments2 Bedroom/1Bath2BR,1BA$825
Patriot Derby (FKA Vesta Derby Oaks)A11BR,1BA$850
Cathedral CommonsStudioStudio,1BA$850

Best Value Apartments for Rent in Algonquin, KY

As of March 21, 2026 the best value apartment in the Algonquin area is the $0.52 price per square foot 4 Bed, 4 Bath Classic Pool View Model at Yugo Louisville Nine in the in the Downtown Louisville neighborhood starting from $729. The second greatest value Algonquin apartment is the 1221 S 4th St Model at 1221 S 4th St, Unit 2 starting at $1,175 with a $0.98 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.
Yugo Louisville Nine4 Bed, 4 Bath Classic Pool View4BR,4BA$0.52
1221 S 4th St, Unit 21221 S 4th St2BR,1BA$0.98
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
Furlong Apartments2 Bedroom/1Bath2BR,1BA$0.92
The Province (KY)2 Bed - 2 Bath2BR,2BA$1.01
Derby Row | Student HousingThoroughbred2BR,2BA$1.05
1743 Sonne Ave, Unit Apt. #11743 Sonne Ave2BR,1BA$0.97
The Cornerstone1 Bedroom1BR,1BA$1.29
Cathedral CommonsStudioStudio ,1BA$1.21
800 Towers ApartmentsStudioStudio ,1BA$1.26

10 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.

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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 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.

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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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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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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.

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Frequently Asked Questions about Algonquin

What type of rentals are currently available in Algonquin?

There are currently 594 Apartments for Rent in Algonquin, KY with pricing that ranges from $200 to $5,603. There are also 111 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $645 to $3,200.

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 $3,200 with an average monthly rent of $1,348.

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 $687 to $3,080, while Three Bedroom Homes, Condos, and Townhomes for rent range from $872 to $1,900. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $609.

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.

Articles, How-To's, and Tips

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.