Cheap Apartments for Rent in the Fairgrounds Neighborhood of Louisville, KY from $500 (50 Rentals)

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

property at 3915 Southern PArkway

$495

Total Monthly Price

Total Monthly Price

Base Rent
$495
Total Monthly Price
$495

1 Bedroom, 1 Bath Townhome for Rent

Available Now

3915 Southern PArkway, Unit #4

3915 Southern PArkway
LouisvilleKY40214
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4331 S 3rd St
$775 - $800
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $800
Total Monthly Price
$775 - $800
1 Bedroom Apartment Available Now

4331 S 3rd St

4331 S 3rd StLouisville, KY 40214
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2607 Preston Hwy, Unit #3
$925
Total Monthly Price

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
Furnished
  • Smoke Free

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers

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Nightingale Apartments
2 Bedroom Apartments

Nightingale Apartments

1447 Nightingale RdLouisville, KY 40213
  • Utilities Included
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Old School Apartments
Studio to 1 Bedroom Apartments

Old School Apartments

422 Heywood AveLouisville, KY 40208
Senior Living
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Douglas Park Apartments
1 to 3 Bedroom Apartments

Douglas Park Apartments

401 Douglas ParkLouisville, KY 40214
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431 Kensington Ct
1 Bedroom Apartments

431 Kensington Ct

431 Kensington CtLouisville, KY 40208
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Bellevue Arms
1 to 2 Bedroom Apartments

Bellevue Arms

4652 Bellevue AveLouisville, KY 40215
  • Utilities Included
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Kenwood Arms
Studio to 2 Bedroom Apartments

Kenwood Arms

104 Kenwood CtLouisville, KY 40214
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4728 Southern Pky
1 Bedroom Apartments

4728 Southern Pky

4728 Southern PkyLouisville, KY 40214

Louisville's Best Affordable Neighborhoods

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

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Imperial Arms
1 to 2 Bedroom Apartments

Imperial Arms

4816 S 3rd StLouisville, KY 40214
  • Utilities Included
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Wellesley Townhouses
2 Bedroom Apartments

Wellesley Townhouses

1600 S 2nd StLouisville, KY 40208
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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 Heritage Green Apartments priced from $829. Patriot Derby (FKA Vesta Derby Oaks) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Fairgrounds apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Heritage Green ApartmentsThe Single1BR,1BA$829
Patriot Derby (FKA Vesta Derby Oaks)A11BR,1BA$850
Brexx at LouisvilleCloverhurst 4x4.54BR,4BA$869
Colonial Oaks Apartments1 Bed1BR,1BA$899
Cardinal Village Apartments1x1 2nd/3rd1BR,1BA$899

Best Value Apartments for Rent in Fairgrounds, KY

As of July 29, 2026 the best value apartment in the Fairgrounds area is the $0.75 price per square foot 2229 S Shelby St Model at 2229 S Shelby St, Unit 1 in the in the Downtown Louisville neighborhood starting from $3,000. The second greatest value Fairgrounds apartment is the Courtyard 4x4 Model at Brexx at Louisville starting at $839 with a $0.54 price per square foot in the Downtown Louisville 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.
2229 S Shelby St, Unit 12229 S Shelby St6BR,3BA$0.75
Brexx at LouisvilleCourtyard 4x44BR,4BA$0.54
1436 S 3rd St1436 S 3rd St2BR,2BA$1.07
The Province (KY)2 Bed - 2 Bath2BR,2BA$1.01
Kenwood ArmsKenwood Arms - 2 bedroom/1 bath2BR,1BA$1.13
Derby Row | Student HousingThoroughbred2BR,2BA$1.09
Heights at Audubon ParkHeights at Audubon 2BR2BR,1BA$1.26
2208 Crittenden Dr, Unit 32208 Crittenden Dr1BR,1BA$1.04
2208 Crittenden Dr2208 Crittenden Dr1BR,1BA$1.17
Colonial Oaks Apartments1 Bed1BR,1BA$1.28

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

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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 #116

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

Pet Friendliness Lifestyle Score

2.5
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 Heritage Green Apartments which is listed at $829, while the average apartment in Fairgrounds costs $1,935.

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 24 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 $533 which is $1,402 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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