943 Central Ave
LouisvilleKY40208
Cheap Apartments for Rent in the Churchill Downs Neighborhood of Louisville, KY from $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Churchill Downs area of Louisville.
502 Belgravia Ct
LouisvilleKY40208
1466 St James Ct
LouisvilleKY40208
1829 S 3rd St
LouisvilleKY40208
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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.
1033 Euclid Ave
LouisvilleKY40208
730 M St
LouisvilleKY40208
1503 S 4th St
LouisvilleKY40208
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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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Churchill Downs, Louisville, KY Local Guide
How much does it cost to rent an apartment in Churchill Downs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Churchill Downs Studio Apartments | $914 | $800 | $1,019 |
| Churchill Downs 1 Bedroom Apartments | $1,033 | $695 | $1,199 |
| Churchill Downs 2 Bedroom Apartments | $983 | $759 | $1,530 |
| Churchill Downs 3 Bedroom Apartments | $1,016 | $675 | $2,025 |
| Churchill Downs 4 Bedroom Apartments | $683 | $599 | $709 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Churchill Downs Neighborhood of Louisville, KY.
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Churchill Downs, Louisville, KY Local Guide
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Cheapest Available Churchill Downs Apartments for Rent
The cheapest available apartment rental in the Churchill Downs area of Louisville, KY is a 1 Bed unit found at Cardinal Village Apartments priced from $910. 1386 S 3rd St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Churchill Downs apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cardinal Village Apartments | 1x1 Lower Level | 1BR,1BA | $910 |
| 1386 S 3rd St | 3rd Floor | 2BR,1BA | $950 |
| Station House Apartments | The Firemark | 1BR,1BA | $1,000 |
| Trifecta | A1 | 1BR,1BA | $1,079 |
Best Value Apartments for Rent in Churchill Downs, KY
As of November 11, 2025 the best value apartment in the Churchill Downs area is the $1.02 price per square foot Belmont Model at Derby Row | Student Housing in the in the Phoenix Hill neighborhood starting from $829. The second greatest value Churchill Downs apartment is the 3rd Floor Model at 1386 S 3rd St starting at $950 with a $1.19 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for Churchill Downs apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Derby Row | Student Housing | Belmont | 2BR,2BA | $1.02 |
| 1386 S 3rd St | 3rd Floor | 2BR,1BA | $1.19 |
| 1242 Euclid Ave, Unit 2 | 1242 Euclid Ave | Studio ,1BA | $1.14 |
| Cardinal Village Apartments | 1x1 with Balcony | 1BR,1BA | $1.67 |
| Station House Apartments | The Firemark | 1BR,1BA | $1.85 |
| Trifecta | A1 | 1BR,1BA | $2.10 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleThe 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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Pet Friendly LifestyleChurchill Downs, Louisville, KY
Ranked #105
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Churchill Downs Neighborhood in Louisville, KY
Walk Score®
65 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
70 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
45 / 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.
Frequently Asked Questions about Cheap Churchill Downs Apartments
What is the price of a cheap apartment in Churchill Downs?
The cheapest apartment in Churchill Downs is Cardinal Village Apartments which is listed at $910, while the average apartment in Churchill Downs costs $1,114.
What types of apartments are the cheapest in Churchill Downs?
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 30 regular apartments in Churchill Downs that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.