Cheap Apartments for Rent in the Churchill Downs Neighborhood of Louisville, KY from $500 (12 Rentals)

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

property at 319 W Lee St

$725 - $1,400

1 To 2 Bedroom Rentals

Available Now

319 W Lee St

LouisvilleKY40208

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property at 1503 S 4th St

$795 - $850

1 Bedroom Rentals

Available Now

1503 S 4th St

LouisvilleKY40208
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Old School Apartments
Studio to 1 Bedroom Apartments

Old School Apartments

422 Heywood AveLouisville, KY 40208
Senior Living
  • Utilities Included
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431 Kensington Ct
1 Bedroom Apartments

431 Kensington Ct

431 Kensington CtLouisville, KY 40208
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1386 S 3rd St
1 to 2 Bedroom Apartments

1386 S 3rd St

1386 S 3rd StLouisville, KY 40208
Student Housing
  • Utilities Included

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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 ListingModel NameBed/BathPriced From
Cardinal Village Apartments1x1 Lower Level1BR,1BA$910
Station House ApartmentsThe Firemark1BR,1BA$1,000
TrifectaA11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Derby Row | Student HousingBelmont2BR,2BA$1.05
Cardinal Village Apartments1x1 with Balcony1BR,1BA$1.67
Station House ApartmentsThe Firemark1BR,1BA$1.85
TrifectaA11BR,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

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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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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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

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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.