Cheap Apartments for Rent in the Fourth Street Neighborhood of Louisville, KY from $500 (51 Rentals)

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

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.

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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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Main & Clay
$1,358 - $6,903
Total Monthly Price

Total Monthly Price

Base Rent
$1,358 - $6,903
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Main & Clay

633 E Main StLouisville, KY 40202
Corporate Housing
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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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Gateway on Broadway
1 to 2 Bedroom Apartments

Gateway on Broadway

1405 W BroadwayLouisville, KY 40203
Senior Living
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The Friary
Studio to 1 Bedroom Apartments

The Friary

501 E Liberty StLouisville, KY 40202
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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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Vue at 3rd Street
Studio to 1 Bedroom Apartments

Vue at 3rd Street

537 S 3rd StLouisville, KY 40202
Senior Living

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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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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947 S Brook St
1 Bedroom Apartments

947 S Brook St

947 S Brook StLouisville, KY 40203
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Park Edge Apartments
1 Bedroom Apartments

Park Edge Apartments

410 S Hancock StLouisville, KY 40202
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747 S 5th St
1 to 2 Bedroom Apartments

747 S 5th St

747 S 5th StLouisville, KY 40203
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Glassworks Lofts
1 Bedroom Apartments

Glassworks Lofts

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

Urban Flats

735 S 2nd StLouisville, KY 40202
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320 E College St
1 Bedroom Apartments

320 E College St

320 E College StLouisville, KY 40203
  • Utilities Included

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.

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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 Studio unit found at 800 Towers Apartments priced from $715. The Quad has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable Fourth Street apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
800 Towers ApartmentsStudioStudio,1BA$715
The Quad0BR/1.0BAStudio,1BA$825
Germantown Village Apartments1 Bedroom1BR,1BA$829
Beecher Family1 Bdrm Garden, 608 SqFt, Tax Credit, 60% AMI1BR,1BA$861
Beecher Terrace Phase II (0680)1 Bedroom*1BR,1BA$861
Painters RowStudio - 1 BathroomStudio,1BA$890
Artspace LoftsStudioStudio,1BA$899
947 S Brook St1/11BR,1BA$900
The Cornerstone1 Bedroom1BR,1BA$900
Crescent Centre Apartments & TownhomesOne Bedroom-699 sqft1BR,1BA$920

Best Value Apartments for Rent in Fourth Street, KY

As of May 19, 2026 the best value apartment in the Fourth Street area is the $1.20 price per square foot 535 E Kentucky St Model at 535 E Kentucky St, Unit 1F in the in the Medical Center neighborhood starting from $1,195. The second greatest value Fourth Street apartment is the 1 Bedroom 1 Bathroom Model at Whiskey Row Lofts starting at $1,300 with a $1.46 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.
535 E Kentucky St, Unit 1F535 E Kentucky St2BR,1BA$1.20
Whiskey Row Lofts1 Bedroom 1 Bathroom1BR,1BA$1.46
The St. Francis Apartments2BR2BA2BR,2BA$1.46
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
Guthrie-Coke Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.49
Painters RowADA - Studio - 1 BathroomStudio ,1BA$1.52
The Cornerstone1 Bedroom1BR,1BA$1.29
Germantown Village Apartments1 Bedroom1BR,1BA$1.25
947 S Brook St1/11BR,1BA$1.44
800 Towers ApartmentsStudioStudio ,1BA$1.18

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.

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The 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

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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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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 #46

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!

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 $920.

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

The cheapest apartment in Fourth Street is Germantown Village Apartments which is listed at $829, while the average apartment in Fourth Street costs $1,507.

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 51 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 $608 which is $899 cheaper than the average rent for all rentals in Fourth Street.

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

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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.

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

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.

decorative image for Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers article

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.

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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.