Cheap Apartments for Rent in the Fairgrounds Neighborhood of Louisville, KY from $535 (120 Rentals)

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

property at 705 M St
$650
1 Bedroom Rentals
Available Sep 14
Affordability

705 M St

LouisvilleKY40208
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841 Beecher St, Unit A
$725

Total Monthly Price

Base Rent$725
Total Monthly Price$725
1 Bedroom Apartment Available Now

841 Beecher St, Unit A

841 Beecher StLouisville, KY 40215
Affordability
property at 1733 S 3rd St
$725
1 Bedroom Rentals
Available Now
Affordability

1733 S 3rd St

LouisvilleKY40208

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4331 S 3rd St, Unit 3
$750

Total Monthly Price

Base Rent$750
Total Monthly Price$750
1 Bedroom Apartment Available Now

4331 S 3rd St, Unit 3

4331 S 3rd StLouisville, KY 40214
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property at 730 Brookline Ave
$750 - $930
1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

730 Brookline Ave

LouisvilleKY40214
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4333 S 3rd St, Unit 3
$775

Total Monthly Price

Base Rent$775
Total Monthly Price$775
1 Bedroom Apartment Available Now

4333 S 3rd St, Unit 3

4333 S 3rd StLouisville, KY 40214
Affordability

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property at 1412 S 2nd St
$895
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1412 S 2nd St

LouisvilleKY40208
property at 305 W Whitney Ave
$750 - $900
1 Bedroom Rentals
Available Sep 13
Affordability

305 W Whitney Ave

LouisvilleKY40214
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2607 Preston Hwy, Unit #3
$925

Total Monthly Price

Base Rent$925
Total Monthly Price$925
1 Bedroom Apartment Available Now

2607 Preston Hwy, Unit #3

2607 Preston HwyLouisville, KY 40217
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Louisville's Best Affordable Neighborhoods

Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

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property at 4411 Southern Pkwy
$995
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

4411 Southern Pkwy

LouisvilleKY40214
property at 112 E Woodlawn Ave
$1,000 - $1,350
2 To 3 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

112 E Woodlawn Ave

LouisvilleKY40214

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Fairgrounds, Louisville, KY Local Guide

Cheapest Available Fairgrounds Apartments for Rent

 

The cheapest available apartment rental in the Fairgrounds area of Louisville, KY is a 1 Bed unit found at The Montleone Apartments priced from $795. 1390 S. 1st has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Fairgrounds apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Montleone ApartmentsMontleone Apts. - 1 Bed 1 Bath New Cabinets1BR,1BA$795
1390 S. 1st0BR/1.0BAStudio,1BA$800
Heritage Green ApartmentsThe Single1BR,1BA$829
Colonial Oaks Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$829
1406 S. 1st Street1BR/1.0BA1BR,1BA$850

Best Value Apartments for Rent in Fairgrounds, KY

As of September 12, 2026 the best value apartment in the Fairgrounds area is the $1.02 price per square foot 4002 Southern Pky Model at 4002 Southern Pky, Unit 1 in the in the Downtown Louisville neighborhood starting from $1,525. The second greatest value Fairgrounds apartment is the 2BR/1.0BA Model at 1390 S. 1st starting at $1,200 with a $0.83 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for Fairgrounds apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4002 Southern Pky, Unit 14002 Southern Pky3BR,1.5BA$1.02
1390 S. 1st2BR/1.0BA2BR,1BA$0.83
Brexx at LouisvilleBirchmore 2x22BR,2BA$0.79
1411 S. 3rd St1BR/1.0BA1BR,1BA$0.82
214 W Collins Ct, Unit 1 br apartment214 W Collins Ct1BR,1BA$0.86
1436 S 3rd St, Unit #11436 S 3rd St1BR,1BA$1.03
1600 S 3rd St, Unit 1600 S. 3RD St. #11600 S 3rd St1BR,1BA$1.07
Derby Row | Student HousingThoroughbred2BR,2BA$1.09
2208 Crittenden Dr, Unit Unit 32208 Crittenden Dr1BR,1BA$1.04
841 Beecher St, Unit A841 Beecher St1BR,1BA$1.04

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Fairgrounds, Louisville, KY

Ranked #105

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States including Fairgrounds, Louisville, and the greater Louisville area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Fairgrounds Apartments

What is the price of a cheap apartment in Fairgrounds?

The cheapest apartment in Fairgrounds is The Montleone Apartments which is listed at $795, while the average apartment in Fairgrounds costs $950.

What types of apartments are the cheapest in Fairgrounds?

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 37 regular apartments in Fairgrounds 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 Fairgrounds?

Cheap apartments in Fairgrounds have an average cost of $578 which is $372 cheaper than the average rent for all rentals in Fairgrounds.

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.

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