Cheap Apartments for Rent in the Butchertown Neighborhood of Louisville, KY from $400 (122 Rentals)

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

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property at 1223 S 2nd St

$950 - $1,190

1 To 2 Bedroom Rentals

Available Now

1223 S 2nd St

LouisvilleKY40203

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Butchertown, Louisville, KY Local Guide

Cheapest Available Butchertown Apartments for Rent

 

The cheapest available apartment rental in the Butchertown area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. The Prestonian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $543. Here are the most affordable Butchertown apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
The Prestonian1A1BR,1BA$543
Lofts on OrmsbyStudioStudio,1BA$700
800 Towers ApartmentsStudioStudio,1BA$715
AVIA North ShoreStudioStudio,1BA$799
The Quad0BR/1.0BAStudio,1BA$825
Germantown Village Apartments1 Bedroom1BR,1BA$829
Parkside Apartments1BR/1.0BA1BR,1BA$875
Views at Crescent Hill1 Bedroom A1BR,1BA$899

Best Value Apartments for Rent in Butchertown, KY

As of May 25, 2026 the best value apartment in the Butchertown area is the $1.04 price per square foot 3 bedroom Model at Big 4 Station Residence in the in the Phoenix Hill neighborhood starting from $1,295. The second greatest value Butchertown apartment is the 2+2 Reno Model at Chatsworth Park Apartments starting at $1,400 with a $1.17 price per square foot in the Crescent Hill neighborhood. Here is today’s list of the best values for Butchertown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Big 4 Station Residence3 bedroom3BR,1BA$1.04
Chatsworth Park Apartments2+2 Reno2BR,2BA$1.17
535 E Kentucky St, Unit 1F535 E Kentucky St2BR,1BA$1.20
1423 Debarr St, Unit 21423 Debarr St1BR,1BA$0.84
Butchertown FlatsThe Magazine2BR,1.5BA$1.16
103 E Harrison Ave, Unit 3103 E Harrison Ave2BR,1BA$1.06
A Little Holiday Wish Come True: No rent until January!2BR/1.0BA2BR,1BA$1.16
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
Germantown Village Apartments1 Bedroom1BR,1BA$1.25
800 Towers ApartmentsStudioStudio ,1BA$1.18

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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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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Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Kentucky, including Louisville. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Butchertown Apartments

What is a cheap apartment in Butchertown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Butchertown is under $899.

What is the price of a cheap apartment in Butchertown?

The cheapest apartment in Butchertown is The Prestonian which is listed at $543, while the average apartment in Butchertown costs $2,730.

What types of apartments are the cheapest in Butchertown?

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 41 regular apartments in Butchertown 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 Butchertown?

Cheap apartments in Butchertown have an average cost of $531 which is $2,199 cheaper than the average rent for all rentals in Butchertown.

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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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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Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

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