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$495
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Studio Apartment Available NowTotal Monthly Price
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$495
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$495
708 M St, Unit 3, Unit 3
708 M StLouisville, KY 40208
Cheap Apartments for Rent in the Fairgrounds Neighborhood of Louisville, KY from $400 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fairgrounds area of Louisville.
4307 S 3rd St
LouisvilleKY40214
4307 S 3rd St
LouisvilleKY40214
1122 Larchmont Ave
LouisvilleKY40215
4401 S 2nd St
LouisvilleKY40214
3755 Southern Pkwy
LouisvilleKY40214
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$799 - $1,149Studio to 2 Bedroom Apartments Available Now
Poplar Terrace
1106 Poplar Level PlzLouisville, KY 40217
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$800
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$800
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$800
218 W Florence Ave, Unit 2, Unit 2
218 W Florence AveLouisville, KY 40214
218 W Florence Ave
LouisvilleKY40214
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
309 W Whitney Ave
LouisvilleKY40214
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Rent Specials
$829 - $1,0481 to 3 Bedroom Apartments Available Now
Heritage Green Apartments
5103 S 1st StLouisville, KY 40214
4406 S 2nd St
LouisvilleKY40214
319 W Lee St
LouisvilleKY40208
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$850 - $1,200
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$850 - $1,200
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$850 - $1,200
Patriot Derby (FKA Vesta Derby Oaks)
3237 Utah AveLouisville, KY 40215
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$8501 Bedroom Apartment Available Now
1436 S 3rd St, Unit #4, Unit #4
1436 S 3rd StLouisville, KY 40208
3909 S 3rd St
LouisvilleKY40214
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$899 - $1,0851 to 2 Bedroom Apartments Available Now
Cardinal Village Apartments
1800 S 2nd StLouisville, KY 40208
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$900 - $1,0501 to 2 Bedroom Apartments Available Now
Heights at Audubon Park
1417 Nightingale RdLouisville, KY 40213
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.
624 Dresden Ave
LouisvilleKY40215
2733 Preston Hwy
LouisvilleKY40217
1454 S 2nd St
LouisvilleKY40208
4725 Southern Pkwy
LouisvilleKY40214
4108 S 3rd St
LouisvilleKY40214
1702 S 2nd St
LouisvilleKY40208
620 Eastern Pkwy
LouisvilleKY40217
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2 to 3 Bedroom Apartments
Old Louisville - 1500 S 2nd St
1500 S 2nd StLouisville, KY 40208
1300 Oakwood Ave
LouisvilleKY40215
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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2 Bedroom Apartments
Nightingale Apartments
1447 Nightingale RdLouisville, KY 40213
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Studio to 1 Bedroom Apartments
Old School Apartments
422 Heywood AveLouisville, KY 40208
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1 to 3 Bedroom Apartments
Douglas Park Apartments
401 Douglas ParkLouisville, KY 40214
1438 S 7th St
LouisvilleKY40208
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1 Bedroom Apartments
431 Kensington Ct
431 Kensington CtLouisville, KY 40208
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Studio to 2 Bedroom Apartments
Kenwood Arms
104 Kenwood CtLouisville, KY 40214
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1 to 2 Bedroom Apartments
Bellevue Arms
4652 Bellevue AveLouisville, KY 40215
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1 to 2 Bedroom Apartments
Imperial Arms
4816 S 3rd StLouisville, KY 40214
1038 Seelbach Ave
LouisvilleKY40215
Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Stop driving and start living! We highlight the best Louisville neighborhoods—from Beechmont to Audubon Park—with great rentals near top job providers.
1634 S Preston St
LouisvilleKY40217
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1 to 3 Bedroom Apartments
Crestview at Louisville
2207 James Pirtle CtLouisville, KY 40217
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2 Bedroom Apartments
Wellesley Townhouses
1600 S 2nd StLouisville, KY 40208
2111 7th Street Rd
LouisvilleKY40208
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Studio to 2 Bedroom Apartments
Station House Apartments
1509 S 6th StLouisville, KY 40208
819 W Florence Ave
LouisvilleKY40215
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1 to 2 Bedroom Apartments
Colonial Oaks
5011 Southside DrLouisville, KY 40214
3901 Peachtree Ave
LouisvilleKY40215
409 W Gaulbert Ave
LouisvilleKY40208
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.
409 W Gaulbert Ave
LouisvilleKY40208
3107 Montana Ave
LouisvilleKY40208
Showing Results 1-47, Page 1 of 1
Fairgrounds, Louisville, KY Local Guide
How much does it cost to rent an apartment in Fairgrounds?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairgrounds Studio Apartments | $808 | $495 | $1,289 |
| Fairgrounds 1 Bedroom Apartments | $981 | $795 | $1,400 |
| Fairgrounds 2 Bedroom Apartments | $997 | $795 | $2,400 |
| Fairgrounds 3 Bedroom Apartments | $1,096 | $707 | $1,350 |
| Fairgrounds 4 Bedroom Apartments | $1,518 | $629 | $4,145 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 47 rentals with your search options within a 2 mile radius of the Fairgrounds Neighborhood of Louisville, KY.
See all Apartments in LouisvilleExplore Louisville
Fairgrounds, Louisville, KY Local Guide
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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 Kenwood Arms priced from $825. Heritage Green Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $829. Here are the most affordable Fairgrounds apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kenwood Arms | 1B/1BA | 1BR,1BA | $825 |
| Heritage Green Apartments | The Single | 1BR,1BA | $829 |
| Patriot Derby (FKA Vesta Derby Oaks) | A1 | 1BR,1BA | $850 |
| Cardinal Village Apartments | 1x1 with Balcony | 1BR,1BA | $899 |
| Heights at Audubon Park | 1BR/1.0BA | 1BR,1BA | $900 |
| Poplar Terrace | 1BR/1BA | 1BR,1BA | $949 |
| Station House Apartments | The Firemark | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Fairgrounds, KY
As of April 30, 2026 the best value apartment in the Fairgrounds area is the $1.13 price per square foot Kenwood Arms - Waiting List (2b/1b) Model at Kenwood Arms in the in the Downtown Louisville neighborhood starting from $985. The second greatest value Fairgrounds apartment is the Thoroughbred Model at Derby Row | Student Housing starting at $859 with a $1.05 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kenwood Arms | Kenwood Arms - Waiting List (2b/1b) | 2BR,1BA | $1.13 |
| Derby Row | Student Housing | Thoroughbred | 2BR,2BA | $1.05 |
| Heights at Audubon Park | Heights at Audubon 2BR | 2BR,1BA | $1.35 |
| 1436 S 3rd St, Unit #4 | 1436 S 3rd St | 1BR,1BA | $1.13 |
| Poplar Terrace | 1BR/1BA | 1BR,1BA | $1.44 |
| 218 W Florence Ave, Unit 2 | 218 W Florence Ave | 1BR,1BA | $1.23 |
| 708 M St, Unit 3 | 708 M St | Studio ,1BA | $0.83 |
| Cardinal Village Apartments | 1x1 2nd/3rd Rehab W/D | 1BR,1BA | $1.72 |
| Patriot Derby (FKA Vesta Derby Oaks) | A1 | 1BR,1BA | $1.63 |
| Heritage Green Apartments | The Single | 1BR,1BA | $1.73 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleThe Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleQuick 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.
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Pet Friendly LifestyleFairgrounds, Louisville, KY
Ranked #123
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 a cheap apartment in Fairgrounds?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fairgrounds is under $1,000.
What is the price of a cheap apartment in Fairgrounds?
The cheapest apartment in Fairgrounds is Kenwood Arms which is listed at $825, while the average apartment in Fairgrounds costs $1,200.
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 31 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 $385 which is $815 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.
Helpful Local Expert Guides
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 Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Written by: Mike Heuer
Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.
Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Written by: Mike Heuer
Kentucky is a business-friendly commonwealth, and Louisville is its largest city. It also is home to many great employers who pay well, and their workers have lots of great choices in neighborhoods to rent great apartments.
Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.