Cheap Homes for Rent in Louisville, KY from $600 (335 Rentals)

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property at 1826 Cypress St

1826 Cypress St

LouisvilleKY40210

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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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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property at 2913 Dumesnil St

2913 Dumesnil St

LouisvilleKY40211

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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property at 4144 Sunset Ave

4144 Sunset Ave

LouisvilleKY40211
property at 4313 Hale Ave

4313 Hale Ave

LouisvilleKY40211

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.

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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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Louisville, KY Local Guide

Cheapest Neighborhoods for Apartments in Louisville, KY

Pricing Updated: 12/01/2025

Current apartment rentals in the Louisville, KY area range in price from $600 to $9,500 with an overall median price of $2,722. The three Louisville neighborhoods with the lowest median rent pricing are Cherokee Seneca at $950, Russell at $750, and University at $695. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Louisville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Cherokee Seneca$950$9501
Russell$1,020$75042
University$1,175$6954
East Russell$1,199$75021
Sycamore$1,300$1,2952
Churchill Downs$1,324$69524
Bashford Manor$1,350$1,3501
Hayfield Dundee$1,350$1,3501
Prestonia$1,400$1,4001
Algonquin$1,480$600130

Cheapest Available Louisville Apartments for Rent

 

The cheapest available apartment rental in Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over in the Phoenix Hill neighborhood priced from $200. Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $200. Here is today’s list of the most affordable Louisville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$200
The Crossings at South Park1x11BR,1BA$466
Gateway on BroadwayTwo Bedroom2BR,1BA$542
The Crossings at Mill Creek2 Bedroom2BR,2BA$569
Bridlewood Crossing1 Bedroom1BR,1BA$690
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$697
Vue at 3rd StreetStudioStudio,1BA$699
Courtyard Apartments1.1A1BR,1BA$702

Best Value Apartments for Rent in Louisville, KY

As of December 01, 2025 the best value apartment in the Louisville area is the $0.52 price per square foot 4 Bed, 4 Bath Classic Pool View Model at Yugo Louisville Nine in the in the Downtown Louisville neighborhood starting from $729. The second greatest value Louisville apartment is the Lyndon Model at Olde Towne Village starting at $1,050 with a $0.81 price per square foot in the Southern Indiana neighborhood. Here is today’s list of the best values for Louisville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Yugo Louisville Nine4 Bed, 4 Bath Classic Pool View4BR,4BA$0.52
Olde Towne VillageLyndon2BR,1.5BA$0.81
Knobs Pointe Apartments2 Bedroom 2 Bath A2BR,2BA$0.76
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
1816 W Jefferson St, Unit 21816 W Jefferson St2BR,1BA$0.86
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
Huntley Ridge Clarksville2 Bedroom 1.5 Bathroom Townhome2BR,1.5BA$0.88
Bridgepointe Crossing2 br large2BR,1.5BA$0.90
535 E Kentucky St, Unit 2F535 E Kentucky St2BR,1BA$0.85
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

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

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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Louisville, KY Rentals by Map

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See the most popular apartments and homes in Louisville, KY

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Louisville, KY Area Reviews

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Frequently Asked Questions about Louisville

What type of rentals are currently available in Louisville?

There are currently 2826 Apartments for Rent in Louisville, KY with pricing that ranges from $200 to $17,600. There are also 867 Single Family Homes for rent, Condos, and Townhome rentals currently available in Louisville ranging from $600 to $9,500.

What is the current price range for Rental Homes in Louisville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Louisville ranges from $600 to $9,500 with an average monthly rent of $1,977.

How much are larger Three and Four Bedroom Rentals in Louisville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Louisville range from $575 to $8,325, while Three Bedroom Homes, Condos, and Townhomes for rent range from $755 to $5,000. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $599.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.