Cheap Homes for Rent in Cambridge Neighborhood of Louisville, KY from $1,000 (12 Rentals)

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

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.

Cheapest Available Cambridge Apartments for Rent

 

The cheapest available apartment rental in the Cambridge area of Louisville, KY is a 1 Bed unit found at Villages of Hikes Point priced from $840. Highgate Springs Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Cambridge apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Villages of Hikes Point1B/1BA1BR,1BA$840
Highgate Springs ApartmentsThe Bowman1BR,1BA$880
East Chase ApartmentsA1 (One Bedroom One Bath)1BR,1BA$937
RidgewoodOne Bed One Bath Standard1BR,1BA$955
The MetropolitanA11BR,1BA$966

Best Value Apartments for Rent in Cambridge, KY

As of April 18, 2026 the best value apartment in the Cambridge area is the $1.29 price per square foot Winbourne Model at Hurstbourne Grand Apartments in the in the Hikes Point neighborhood starting from $1,500. The second greatest value Cambridge apartment is the Three Bedroom Two Bath Model at Vetra at St. Matthews starting at $1,429 with a $1.24 price per square foot in the Hayfield Dundee neighborhood. Here is today’s list of the best values for Cambridge apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hurstbourne Grand ApartmentsWinbourne1BR,1BA$1.29
Vetra at St. MatthewsThree Bedroom Two Bath3BR,2BA$1.24
Fenwick Place ApartmentsELM1BR,1.5BA$1.38
Plymouth Village Apartments612 Breckenridge2BR,1.5BA$1.21
The Rye Apartments1 Bd 1 Bath Patio/Balcony1BR,1BA$1.06
Grandview Apartments3815 Grandview2BR,1BA$1.22
The Harper2 Bedroom2BR,1.5BA$1.20
Madrid ApartmentsORC1B/1B1BR,1BA$1.20
The Monarch2 Bedroom 8002BR,1BA$1.30
Heatherstone1 Bedroom Loft1BR,1BA$1.31

Frequently Asked Questions about Cambridge

What type of rentals are currently available in Cambridge?

There are currently 193 Apartments for Rent in Cambridge, KY with pricing that ranges from $795 to $3,330. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cambridge ranging from $1,000 to $3,200.

What is the current price range for Rental Homes in Cambridge?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cambridge ranges from $1,000 to $3,200 with an average monthly rent of $1,849.

How much are larger Three and Four Bedroom Rentals in Cambridge?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Cambridge range from $1,325 to $3,330, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,625 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,840 and Four Bedroom Apartments start at $1,635.

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.

decorative image for Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers article

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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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.

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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.

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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.

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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.