Cheap New Apartments for Rent in Louisville, KY from $495 (78 Rentals)

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

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.

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Springs At Hurstbourne
Rent Specials
$1,053 - $2,002

Total Monthly Price

Base Rent$1,053 - $2,002
Total Monthly PriceVaries
Built in 2016Studio to 3 Bedroom Apartments Available Now

Springs At Hurstbourne

9202 Bunsen Park DrLouisville, KY 40220
Corporate Housing
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11315 Breeze Cir
$1,075 - $1,175

Total Monthly Price

Base Rent$1,075 - $1,175
Total Monthly Price$1,075 - $1,175
Built in 20161 to 2 Bedroom Apartment Available Now

11315 Breeze Cir

11315 Breeze CirLouisville, KY 40272
Affordability
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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Oakwood Landings
$1,115 - $1,480

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
Eco-Friendly
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  • Utilities Included
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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.

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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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Jacob's Landing
Built in 20212 Bedroom Apartments

Jacob's Landing

4200 Medallion CtLouisville, KY 40219
  • Utilities Included
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The Montair
Built in 20201 to 2 Bedroom Apartments

The Montair

7739 Brookview DrLouisville, KY 40214
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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

Louisville's Best Affordable Neighborhoods

Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

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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
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Century Baxter Ave
Built in 20181 to 2 Bedroom Apartments

Century Baxter Ave

1221 E BroadwayLouisville, KY 40204
  • Utilities Included
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Preston Valley Apartments
Built in 20221 to 2 Bedroom Apartments

Preston Valley Apartments

8923-8925 Preston HwyLouisville, KY 40219
  • Utilities Included
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1000 E Jefferson St
Built in 20221 Bedroom Apartments

1000 E Jefferson St

1000 E Jefferson StLouisville, KY 40206
  • Utilities Included
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Glengrove Apartments
Built in 20242 to 3 Bedroom Apartments

Glengrove Apartments

6605 W Orell RdLouisville, KY 40272

First Apartment Regrets: Real Renters Share What They'd Do Differently

Your first apartment comes with a learning curve nobody warns you about. Hear from real renters who've been there and get the advice they wish someone had given them on day one.

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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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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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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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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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Louisville, KY Area Reviews

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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 $719.

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 $1,267.

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 2,278 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 $445 which is $822 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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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.

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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.

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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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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

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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.

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.