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Cheap Apartments for Rent in the Churchill Downs Neighborhood of Louisville, KY from $400 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Churchill Downs area of Louisville.
943 Central Ave
LouisvilleKY40208
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730 M St
LouisvilleKY40208
1415 St James Ct
LouisvilleKY40208
502 Belgravia Ct
LouisvilleKY40208
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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 | $884 | $495 | $1,034 |
| Churchill Downs 1 Bedroom Apartments | $1,012 | $691 | $1,199 |
| Churchill Downs 2 Bedroom Apartments | $1,062 | $765 | $1,530 |
| Churchill Downs 3 Bedroom Apartments | $933 | $675 | $2,025 |
| Churchill Downs 4 Bedroom Apartments | $863 | $691 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Churchill Downs Neighborhood of Louisville, KY.
See all Apartments in LouisvilleExplore Louisville
Churchill Downs, Louisville, KY Local Guide
- Nearby Louisville neighborhoods
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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 1386 S 3rd St priced from $850. Cardinal Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $910. Here are the most affordable Churchill Downs apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1386 S 3rd St | Efficiency | 1BR,1BA | $850 |
| Cardinal Village Apartments | 1x1 Lower Level | 1BR,1BA | $910 |
| Station House Apartments | The Firemark | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Churchill Downs, KY
As of September 11, 2025 the best value apartment in the Churchill Downs area is the $0.80 price per square foot 1458 S 3rd St Model at 1458 S 3rd St, Unit 1458 South 3rd Street in the in the Phoenix Hill neighborhood starting from $2,000. The second greatest value Churchill Downs apartment is the Thoroughbred Model at Derby Row | Student Housing starting at $815 with a $1.00 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. |
|---|---|---|---|
| 1458 S 3rd St, Unit 1458 South 3rd Street | 1458 S 3rd St | 4BR,2BA | $0.80 |
| Derby Row | Student Housing | Thoroughbred | 2BR,2BA | $1.00 |
| 1386 S 3rd St | Efficiency | 1BR,1BA | $1.42 |
| 708 M St, Unit 3 | 708 M St | Studio ,1BA | $0.83 |
| Cardinal Village Apartments | 1x1 with Balcony | 1BR,1BA | $1.67 |
| Station House Apartments | The Firemark | 1BR,1BA | $1.85 |
| Trifecta | A1 | 1BR,1BA | $2.20 |
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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 1386 S 3rd St which is listed at $850, while the average apartment in Churchill Downs costs $1,137.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.