Cheap 2 Bedroom Apartments for Rent in the Downtown Louisville Neighborhood of Louisville, KY from $542 (67 Rentals)

2130 Portland Ave

1707 Liberty Bell Way

Vesta Derby Oaks (Patriot Derby)

1431 Nightingale Rd

732 S 32nd St
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.

Heritage Green Apartments

3042 Greenwood Ave

Jefferson Properties

3019 Bank St

The Chalet Village Apartment Community

By the Park

226 W Burnett Ave, Unit 218

538 Lilly Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

2906 Wyandotte Ave

The Edwin

3419 Duncan St

Beechmont Townhomes

1610 S 28th St

Crescent Centre Apartments & Townhomes

500 St Catherine St

500 W Saint Catherine St, Unit 1

1333 S 22nd St

Carpenter Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

The St. Francis Apartments

Nichols Meadows

Poplar Terrace

Beecher Terrace Apartments

3906 Southern Pkwy
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Downtown Louisville - One of the Best Affordable Neighborhoods in Louisville
Named as one of the Best Affordable Neighborhoods to rent in Louisville by our Louisville, KY Local Expert Mike Heuer. See how it ranks!
Downtown Louisville, Louisville, KY Local Guide

How much does it cost to rent an apartment in Downtown Louisville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Louisville Studio Apartments | $1,181 | $200 | $5,341 |
Downtown Louisville 1 Bedroom Apartments | $1,338 | $200 | $4,005 |
Downtown Louisville 2 Bedroom Apartments | $1,598 | $542 | $5,144 |
Downtown Louisville 3 Bedroom Apartments | $1,629 | $675 | $5,880 |
Downtown Louisville 4 Bedroom Apartments | $2,377 | $535 | $7,920 |
Explore Louisville
Downtown Louisville, Louisville, KY Local Guide
- Nearby Louisville neighborhoods
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Cheap Downtown Louisville Apartments
What is a cheap apartment in Downtown Louisville?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Louisville is under $799.
What is the price of a cheap apartment in Downtown Louisville?
The cheapest apartment in Downtown Louisville is M. Fine on Spring which is listed at $418, while the average apartment in Downtown Louisville costs $4,200.
What types of apartments are the cheapest in Downtown Louisville?
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 113 regular apartments in Downtown Louisville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Louisville?
Cheap apartments in Downtown Louisville have an average cost of $185 which is $4,015 cheaper than the average rent for all rentals in Downtown Louisville.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.