Cheap Apartments for Rent in the Fourth Street Neighborhood of Louisville, KY from $500 (36 Rentals)

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

property at 1123 S Brook St

$500 - $895

Studio To 1 Bedroom Rentals

Available Now

1123 S Brook St

LouisvilleKY40203

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Elevate at NULU Apartment Homes
$913 - $2,002
Total Monthly Price

Total Monthly Price

Base Rent
$833 - $1,922
Required Monthly Fees
$80
Total Monthly Price
$913 - $2,002
Studio to 3 Bedroom Apartments Available Now

Elevate at NULU Apartment Homes

802 E Madison StLouisville, KY 40204
Corporate Housing
  • Verified
  • Customer Reviewed
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Maven @ 806
Rent Specials
$934 - $1,719
Total Monthly Price

Total Monthly Price

Base Rent
$934 - $1,719
Total Monthly Price
$934 - $1,719
1 to 2 Bedroom Apartments Available Now

Maven @ 806

806 E Chestnut StLouisville, KY 40204
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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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.

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1026 S 4th St
Studio to 2 Bedroom Apartments

1026 S 4th St

1026 S 4th StLouisville, KY 40203
  • Utilities Included
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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
  • Utilities Included
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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-36, 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 $699. 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$699
800 Towers ApartmentsStudioStudio,1BA$765
Chapel House Senior Apartments - Age 62+StudioStudio,1BA$776
Germantown Village Apartments1 Bedroom Only1BR,1BA$799
The Quad0BR/1.0BAStudio,1BA$825
Cathedral CommonsStudioStudio,1BA$850
Flats on FifthThe Lindy1BR,1BA$878
The Cornerstone1 Bedroom1BR,1BA$900

Best Value Apartments for Rent in Fourth Street, KY

As of February 17, 2026 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 535 E Kentucky St Model at 535 E Kentucky St, Unit 2F starting at $850 with a $0.85 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
535 E Kentucky St, Unit 2F535 E Kentucky St2BR,1BA$0.85
The St. Francis Apartments2BR2BA2BR,2BA$1.46
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
Maven @ 806CH 1x11BR,1BA$1.42
Painters Row1 Bedroom - 1 Bathroom1BR,1BA$1.33
The Cornerstone1 Bedroom1BR,1BA$1.29
Cathedral CommonsStudioStudio ,1BA$1.21
Germantown Village Apartments1 Bedroom with W/D1BR,1BA$1.28
800 Towers ApartmentsStudioStudio ,1BA$1.26

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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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Quick Rent Budget Calculator

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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 #24

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 $900.

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 $1,715.

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 114 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 $553 which is $1,162 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.

Articles, How-To's, and Tips

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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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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.