Cheap Homes for Rent in Downtown Louisville Neighborhood of Louisville, KY from $400 (110 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Louisville area of Louisville.

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.

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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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The 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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Downtown Louisville, Louisville, KY Local Guide

Cheapest Available Downtown Louisville Apartments for Rent

 

The cheapest available apartment rental in the Downtown Louisville area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. M. Fine on Spring has the second lowest priced unit, which is a 1 Bed apartment currently listed from $293. Here are the most affordable Downtown Louisville apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
M. Fine on Spring1BT11BR,1BA$293
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Carpenter Apartments1 Bedroom1BR,1BA$795
Vue at 3rd StreetStudioStudio,1BA$799
Heritage Green ApartmentsThe Single1BR,1BA$829

Best Value Apartments for Rent in Downtown Louisville, KY

As of September 13, 2025 the best value apartment in the Downtown Louisville 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 Downtown Louisville apartment is the 433 Park Ave Model at 433 Park Ave, Unit 1 starting at $1,800 with a $1.05 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for Downtown Louisville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1458 S 3rd St, Unit 1458 South 3rd Street1458 S 3rd St4BR,2BA$0.80
433 Park Ave, Unit 1433 Park Ave2BR,1BA$1.05
M. Fine on Spring2B2BT17HC2BR,2BA$0.63
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
By the ParkTwo bedroom2BR,1BA$0.93
Derby Row | Student HousingThoroughbred2BR,2BA$1.00
1743 Sonne Ave, Unit Apt. #21743 Sonne Ave2BR,1BA$1.00
2433 Slevin St, Unit 42433 Slevin St2BR,1BA$1.05
708 M St, Unit 3708 M StStudio ,1BA$0.83

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Louisville, Louisville, KY

Ranked #3

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Louisville, Louisville, KY

School data provided by Great Schools

Frequently Asked Questions about Downtown Louisville

What type of rentals are currently available in Downtown Louisville?

There are currently 1049 Apartments for Rent in Downtown Louisville, KY with pricing that ranges from $200 to $6,880. There are also 275 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Louisville ranging from $200 to $7,250.

What is the current price range for Rental Homes in Downtown Louisville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Louisville ranges from $200 to $7,250 with an average monthly rent of $1,410.

How much are larger Three and Four Bedroom Rentals in Downtown Louisville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Louisville range from $675 to $6,880, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,350. Four Bedroom Single-Family rentals are also available starting from $200 and Four Bedroom Apartments start at $535.

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.

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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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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.

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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.

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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.