
Cheap Apartments for Rent in the Churchill Downs Neighborhood of Louisville, KY from $500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Churchill Downs area of Louisville.


502 Belgravia Ct

943 Central Ave

319 W Lee St

1829 S 3rd St

1466 St James Ct
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

1503 S 4th St

2728 S 4th St
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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 | $866 | $625 | $1,019 |
| Churchill Downs 1 Bedroom Apartments | $1,020 | $650 | $1,199 |
| Churchill Downs 2 Bedroom Apartments | $931 | $759 | $1,325 |
| Churchill Downs 3 Bedroom Apartments | $792 | $675 | $1,350 |
| Churchill Downs 4 Bedroom Apartments | $949 | $599 | $4,743 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Churchill Downs Neighborhood of Louisville, KY.
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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. Station House Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. 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 |
| 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 January 04, 2026 the best value apartment in the Churchill Downs area is the $1.05 price per square foot Belmont Model at Derby Row | Student Housing in the in the Phoenix Hill neighborhood starting from $859. The second greatest value Churchill Downs apartment is the 1x1 with Balcony Model at Cardinal Village Apartments starting at $960 with a $1.67 price per square foot in the Downtown Louisville 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 | $1.05 |
| 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 |
Frequently Asked Questions about Cheap Churchill Downs Apartments
How much is rent for a Cheap One Bedroom Churchill Downs Apartment?
The lowest price for a Cheap One Bedroom Churchill Downs Apartment is $910 at Cardinal Village Apartments.
What is the lowest price for a Cheap Two Bedroom Churchill Downs Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Churchill Downs is starting from $1,250 at Station House Apartments.
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.
Articles, How-To's, and Tips

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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.


