Cheap Apartments for Rent in the Fourth Street Neighborhood of Louisville, KY from $500 (42 Rentals)

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

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property at 950 S Floyd St

950 S Floyd St

LouisvilleKY40203

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The Friary
Studio to 1 Bedroom Apartments

The Friary

501 E Liberty StLouisville, KY 40202
  • Utilities Included
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1026 S 4th St
Studio to 2 Bedroom Apartments

1026 S 4th St

1026 S 4th StLouisville, KY 40203
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The Quad
Studio to 3 Bedroom Apartments

The Quad

600 Marshall StLouisville, KY 40202
Student Housing
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Friendship House - Age 62+
Studio to 1 Bedroom Apartments

Friendship House - Age 62+

960 S 4th StLouisville, KY 40203
Senior Living
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747 S 5th St
1 to 2 Bedroom Apartments

747 S 5th St

747 S 5th StLouisville, KY 40203
  • Utilities Included

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Glassworks Lofts
1 Bedroom Apartments

Glassworks Lofts

815 W Market StLouisville, KY 40202
  • Utilities Included
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Urban Flats
1 to 2 Bedroom Apartments

Urban Flats

735 S 2nd StLouisville, KY 40202
  • Utilities Included
Showing Results 1-42, Page 1 of 1

Fourth Street, Louisville, KY Local Guide

Cheapest Available Fourth Street Apartments for Rent

 

The cheapest available apartment rental in the Fourth Street area of Louisville, KY is a 2 Beds unit found at Gateway on Broadway priced from $542. Vue at 3rd Street has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Fourth Street apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Vue at 3rd StreetStudioStudio,1BA$799
Germantown Village Apartments1 Bedrooms1BR,1BA$829
Cathedral CommonsStudioStudio,1BA$850
800 Towers ApartmentsStudioStudio,1BA$865
The St. Francis Apartments1BR1BA1BR,1BA$890
Flats on FifthThe Volstead1BR,1BA$898
Crescent Centre Apartments & TownhomesOne Bedroom-699 sqft1BR,1BA$960
York Towers ApartmentsStudioStudio,1BA$976
The Cornerstone2 Bedroom2BR,1BA$1,000

Best Value Apartments for Rent in Fourth Street, KY

As of September 18, 2025 the best value apartment in the Fourth Street area is the $0.50 price per square foot One Bedroom Model at Gateway on Broadway in the in the Phoenix Hill neighborhood starting from $542. The second greatest value Fourth Street apartment is the One Bedroom Model at The Prestonian starting at $1,245 with a $1.38 price per square foot in the Medical Center neighborhood. Here is today’s list of the best values for Fourth Street apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
The PrestonianOne Bedroom1BR,1BA$1.38
514 W Saint Catherine St, Unit 1514 W Saint Catherine St1BR,1BA$1.33
The Cornerstone2 Bedroom2BR,1BA$1.11
Beecher Terrace Apartments2 Bedroom2BR,1BA$1.42
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
Cathedral CommonsStudioStudio ,1BA$1.21
The St. Francis Apartments1BR1BA1BR,1BA$1.32
Germantown Village Apartments1 Bedrooms1BR,1BA$1.25
800 Towers ApartmentsStudioStudio ,1BA$1.43

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.

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Pet Friendly Lifestyle
Fourth Street, Louisville, KY

Ranked #25

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
Fourth Street, Louisville, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States, including Louisville. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, places to raise kids, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Fourth Street Neighborhood in Louisville, KY

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

80 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

63 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Fourth Street Apartments

What is a cheap apartment in Fourth Street?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fourth Street is under $1,000.

What is the price of a cheap apartment in Fourth Street?

The cheapest apartment in Fourth Street is Gateway on Broadway which is listed at $542, while the average apartment in Fourth Street costs $3,606.

What types of apartments are the cheapest in Fourth Street?

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 81 regular apartments in Fourth Street 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 Fourth Street?

Cheap apartments in Fourth Street have an average cost of $282 which is $3,324 cheaper than the average rent for all rentals in Fourth Street.

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.

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