Cheap New Apartments for Rent in Louisville, KY from $300 (100 Rentals)

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

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.

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11315 Breeze Cir
$1,050 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $1,100
Total Monthly Price
$1,050 - $1,100
Built in 20161 to 2 Bedroom Apartment Available Now

11315 Breeze Cir

11315 Breeze CirLouisville, KY 40272
Affordability
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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.

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Creekside Crossing Apartments
Rent Specials
$1,100 - $1,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,370
Total Monthly Price
$1,100 - $1,370
Built in 20191 to 2 Bedroom Apartments Available Now

Creekside Crossing Apartments

9620 Cooper Church DrLouisville, KY 40229
Corporate Housing
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Springs At Hurstbourne
Rent Specials
$1,110 - $2,291
Total Monthly Price

Total Monthly Price

Base Rent
$1,110 - $2,291
Total Monthly Price
Varies
Built in 2016Studio to 3 Bedroom Apartments Available Now

Springs At Hurstbourne

9202 Bunsen Park DrLouisville, KY 40220
Corporate Housing
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The Belltower
Rent Specials
$1,112 - $2,517
Total Monthly Price

Total Monthly Price

Base Rent
$1,112 - $2,517
Total Monthly Price
$1,112 - $2,517
Built in 20231 to 3 Bedroom Apartments Available Now

The Belltower

3400 Tevis DrLouisville, KY 40220
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Oakwood Landings
Rent Specials
$1,115 - $1,480
Total Monthly Price

Total Monthly Price

Base Rent
$1,115 - $1,480
Total Monthly Price
$1,115 - $1,480
Built in 20241 to 2 Bedroom Apartments Available Now

Oakwood Landings

5141 Commerce Crossings DrLouisville, KY 40229
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Avoca II
$1,132 - $1,937
Total Monthly Price

Total Monthly Price

Base Rent
$1,132 - $1,937
Total Monthly Price
$1,132 - $1,937
Built in 20221 to 3 Bedroom Apartments Available Now

Avoca II

1453 Avoca Ridge DrLouisville, KY 40223
Family Friendly
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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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Frontgate Apartments
$1,221 - $1,846
Total Monthly Price

Total Monthly Price

Base Rent
$1,221 - $1,846
Total Monthly Price
$1,221 - $1,846
Built in 20201 to 3 Bedroom Apartments Available Now

Frontgate Apartments

7400 Snow Bend AveLouisville, KY 40228
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Cane Run Station
Rent Specials
$1,294 - $1,440
Total Monthly Price

Total Monthly Price

Base Rent
$1,294 - $1,440
Total Monthly Price
$1,294 - $1,440
Built in 20212 Bedroom Apartments Available Jun 5

Cane Run Station

5010 Kaufman LnLouisville, KY 40216
Affordability
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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.

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Gateway on Broadway
Built in 20251 to 2 Bedroom Apartments

Gateway on Broadway

1405 W BroadwayLouisville, KY 40203
Senior Living
  • Utilities Included
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Flats at Bardstown
Built in 20241 to 3 Bedroom Apartments

Flats at Bardstown

2100 Buechel Bank RdLouisville, KY 40218
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The Montair
Built in 20201 to 2 Bedroom Apartments

The Montair

7739 Brookview DrLouisville, KY 40214
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Medallion Court
Built in 20212 Bedroom Apartments

Medallion Court

4200 Medallion CtLouisville, KY 40219
  • Utilities Included
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Hurstbourne Senior Apartments
Built in 20241 to 2 Bedroom Apartments

Hurstbourne Senior Apartments

4901 S Hurstbourne PkyLouisville, KY 40291
Senior Living
  • Utilities Included
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Middletown Apartments
Built in 20191 to 3 Bedroom Apartments

Middletown Apartments

13730 Poplar Leaf WayLouisville, KY 40223
  • Utilities Included
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Zion Manor 2
Built in 20231 to 2 Bedroom Apartments

Zion Manor 2

2237 W Muhammad Ali BlvdLouisville, KY 40212
Senior Living
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River Pointe Apartments
Built in 20211 to 2 Bedroom Apartments

River Pointe Apartments

12505 Orell Crossing CirLouisville, KY 40272

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.

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Louisville, KY Local Guide

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 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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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.

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

Explore Louisville, KY Rentals by Map

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See the most popular apartments and homes in Louisville, KY

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Frequently Asked Questions about Cheap Louisville Apartments

What is a cheap apartment in Louisville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Louisville is under $700.

What is the price of a cheap apartment in Louisville?

The cheapest apartment in Louisville is Yellowwood Terrace Affordable Senior Housing which is listed at $200, while the average apartment in Louisville costs $1,955.

What types of apartments are the cheapest in Louisville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2,323 regular apartments in Louisville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Louisville?

Cheap apartments in Louisville have an average cost of $371 which is $1,584 cheaper than the average rent for all rentals in Louisville.

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

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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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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.

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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

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.

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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.

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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.