Cheap Homes for Rent in Louisville, KY from $400 (214 Rentals)

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Search the lowest-cost Homes available for rent right now in 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
property at 2718 W Jefferson St

$699

Total Monthly Price

Total Monthly Price

Base Rent
$699

Total Monthly Price
$699

1 Bedroom, 1 Bath Home for Rent

Available Now

2718 W Jefferson St

LouisvilleKY40212

Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

There's more to Louisville than the Kentucky Derby. Get a local insider's take on the best bourbon tours, dining, music venues, horse racing, and cultural experiences the city has to offer.

Rent According to Income: A Look at Income-Restricted Rentals

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property at 2317 Ratcliffe Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

2317 Ratcliffe Ave

LouisvilleKY40210
property at 421 S 27th St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

421 S 27th St

LouisvilleKY40212

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

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property at 1204 Lexington Rd

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

1204 Lexington Rd

LouisvilleKY40204

Louisville's Best Affordable Neighborhoods

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

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Louisville, KY Local Guide

Cheapest Neighborhoods for Apartments in Louisville, KY

Pricing Updated: 07/25/2026

Current apartment rentals in the Louisville, KY area range in price from $200 to $10,031 with an overall median price of $2,154. The three Louisville neighborhoods with the lowest median rent pricing are Churchill Downs at $619, University at $723, and Standiford 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
Churchill Downs$989$61927
University$1,000$72323
Standiford$1,070$69533
Deer Park$1,145$79911
Algonquin$1,200$200361
Hallmark$1,200$600151
Hazelwood$1,200$550194
Highland Park$1,200$550173
Park Hill$1,200$200413
Shively$1,200$682170

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 Clarksville 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 Views at Crescent Hill2 Bedroom C2BR,1BA$288
5310-5312 Milner Rd0 Beds, 1 BathsStudio,1BA$550
5302 Milner Rd0 Beds, 1 BathsStudio,1BA$550
Knox Landing1 Bed / 1 Bath1BR,1BA$700
Brookview GlenStudioStudio,1BA$719
800 Towers ApartmentsStudioStudio,1BA$719
Courtyard Apartments1.1B1BR,1BA$739

Best Value Apartments for Rent in Louisville, KY

As of July 25, 2026 the best value apartment in the Louisville 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 Louisville 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 Louisville 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
Knobs Pointe Apartments2 Bedroom 2 Bath A2BR,2BA$0.78
Willow Place ApartmentsTwo bedroom2BR,1BA$0.91
By the ParkTwo bedroom2BR,1BA$0.93
2014 W Main St, Unit 1F2014 W Main St2BR,1BA$0.80
4700 Walnut Grove Ave, Unit 14700 Walnut Grove Ave2BR,1BA$0.89
Furlong Apartments2 Bedroom/1Bath2BR,1BA$0.92
103 E Harrison Ave, Unit 3103 E Harrison Ave2BR,1BA$0.89
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 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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Louisville

What type of rentals are currently available in Louisville?

There are currently 2901 Apartments for Rent in Louisville, KY with pricing that ranges from $200 to $10,031. There are also 701 Single Family Homes for rent, Condos, and Townhome rentals currently available in Louisville ranging from $495 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 $495 to $9,500 with an average monthly rent of $1,773.

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 $682 to $5,928, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $8,000. Four Bedroom Single-Family rentals are also available starting from $850 and Four Bedroom Apartments start at $619.

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

decorative image for Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky article

Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

Written by: Mike Heuer

Louisville is one great city in which to visit, live, work, and raise a family. It has excellent and reasonably affordable housing, great neighborhoods, and a whole lot more to offer its residents and visitors alike.

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.

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 The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.