Cheap Apartments for Rent in Louisville, KY from $300 (690 Rentals)

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Search the lowest-cost Apartments available for rent right now in Louisville.

property at 4113 S 3rd St

4113 S 3rd St

LouisvilleKY40214
Showing Results 1-50, Page 1 of 14

Louisville, KY Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Louisville, KY

Pricing Updated: 09/25/2025

Current apartment rentals in the Louisville, KY area range in price from $699 to $10,000 with an overall median price of $2,468. The three Louisville neighborhoods with the lowest median rent pricing are University at $1,050, Park Duvalle at $745, and Sycamore at $1,345. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Louisville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
University$1,225$1,0504
Park Duvalle$1,305$74574
Sycamore$1,347$1,3452
Blue Ridge Manor$1,372$1,3454
Taylor Berry$1,385$74534
Bashford Manor$1,400$8956
Hayfield Dundee$1,450$8953
Lyndon$1,499$1,3505
Algonquin$1,500$745108
Deer Park$1,500$1,5001

Cheapest Available Louisville Apartments for Rent

 

The cheapest available apartment rental in Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over in the Phoenix Hill neighborhood priced from $200. Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $200. Here is today’s list of the most affordable Louisville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$200
The Crossings at South Park1x11BR,1BA$466
Gateway on BroadwayTwo Bedroom2BR,1BA$542
The Crossings at Mill Creek2 Bedroom2BR,2BA$569
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$700
Southwood1 Bed, 1 bath1BR,1BA$749
Lower Hunters Trace3x23BR,2BA$752
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$759

Best Value Apartments for Rent in Louisville, KY

As of September 25, 2025 the best value apartment in the Louisville area is the $0.80 price per square foot 1458 S 3rd St Model at 1458 S 3rd St, Unit 1458 South 3rd Street in the in the Phoenix Hill neighborhood starting from $2,000. The second greatest value Louisville apartment is the Lyndon Model at Olde Towne Village starting at $899 with a $0.69 price per square foot in the Southern Indiana neighborhood. Here is today’s list of the best values for Louisville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1458 S 3rd St, Unit 1458 South 3rd Street1458 S 3rd St4BR,2BA$0.80
Olde Towne VillageLyndon2BR,1.5BA$0.69
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
By the ParkTwo bedroom2BR,1BA$0.93
Bridgepoint Apartments2 Bed, 1 Bath Flat2BR,1BA$0.91
Bridgepointe Crossing2 br2BR,1.5BA$0.90
M. Fine on Spring1BT4HC1BR,1BA$0.92
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.95
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

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Louisville Overview

Steeped in tradition and bubbling over with an exuberant celebration of everything from bourbon to Beatles, every day feels like “Derby Day” in Louisville. Louisville's contradictions are what makes it special. While the Kentucky city boasts the historic Churchill Downs racetrack and the largest Victorian district in the nation, Louisville is also home to Fortune 500 companies -- and a quirky “indie” section that rivals even Portland’s famous alternative scene.

Why live in Louisville, KY?

Truly a wonderful place to be, life in apartments in Louisville can't be beat. There is never a shortage of excitement to get out and enjoy either. From nightlife to historic landmarks to the Kentucky Derby it's hard to ever be bored here!

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Louisville, KY Rentals by Map

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Getting Around Louisville, KY

Walk Score®

52 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

30 / 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.

Louisville, KY Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Frequently Asked Questions about Cheap Louisville Apartments

What is the Cheapest Studio apartment in Louisville?

Currently the most affordable Cheap Studio Apartment in Louisville is at The Puritan Senior Living - 62 & Over listed at $200.

How much is rent for a Cheap One Bedroom Louisville Apartment?

The lowest price for a Cheap One Bedroom Louisville Apartment is $200 at Yellowwood Terrace Affordable Senior Housing.

What is the lowest price for a Cheap Two Bedroom Louisville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Louisville is starting from $542 at Gateway on Broadway.

What is the most affordable Louisville Three Bedroom Apartment?

The best deal on a cheap Louisville Three Bedroom Apartment rental is at Lower Hunters Trace and starts from $752.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.