
Cheap Homes for Rent in Louisville, KY from $400 (214 Rentals)
Search the lowest-cost Homes available for rent right now in Louisville.


2188 St Johns Pl

856 S 24th St

691 Madelon Ct

2614 W Jefferson St

1302 Main St

2718 W Jefferson St

3124 Vermont Ave

2718 W Jefferson St

2913 Dumesnil, Apt #3
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.

1944 Goldsmith Ln

1940 Center St

1129 Lincoln Ave

2724 Garland Ave

4501 S 6th St, Unit 82

1827 Payne St

2411 Elliott Ave

1842 Bolling Ave

112 Boston Ct

120 Blue Ridge Cir
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

728 S 35th St

1964 Goldsmith Ln

3320 Bardstown Rd

3701 Powell Ave

3612 W Muhammad Ali Blvd

2633 Grand Ave

1742 E Elm St, Unit 2

335 S Shawnee Terrace

2317 Ratcliffe Ave

421 S 27th St
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.

1204 Lexington Rd

1792 W Gaulbert Ave

421 S 27th St

2124 Cherokee Pkwy

475 Landis Ln

3036 Hale Ave

2512 Cedar St

3215 Greenwood Ave

4435 Parker Ave

655 S 35th St
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

1934 W Madison St

6666 Sylvania Rd, Unit 6

3000 S 3rd St

3000 S 3rd St

214 N 24th St

2213 W Market St

2634 Garland Ave

4306 Hale Ave

608 E 8th St

3618 Bank St
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

How much does it cost to rent a home in Louisville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Louisville 2 Bedroom Homes for Rent | $1,391 | $745 | $3,200 |
| Louisville 3 Bedroom Homes for Rent | $1,803 | $650 | $8,000 |
| Louisville 4 Bedroom Homes for Rent | $2,247 | $850 | $5,500 |
| Louisville 5 Bedroom Homes for Rent | $2,923 | $1,300 | $9,500 |
| Louisville 6 Bedroom Homes for Rent | $1,999 | $1,000 | $2,999 |
Browse Top Homes for Rent in Louisville
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Louisville, KY Local Guide
- Louisville Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Louisville, KY
Pricing Updated: 07/25/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Churchill Downs | $989 | $619 | 27 |
| University | $1,000 | $723 | 23 |
| Standiford | $1,070 | $695 | 33 |
| Deer Park | $1,145 | $799 | 11 |
| Algonquin | $1,200 | $200 | 361 |
| Hallmark | $1,200 | $600 | 151 |
| Hazelwood | $1,200 | $550 | 194 |
| Highland Park | $1,200 | $550 | 173 |
| Park Hill | $1,200 | $200 | 413 |
| Shively | $1,200 | $682 | 170 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Puritan Senior Living - 62 & Over | Studio | Studio,1BA | $200 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $200 |
| The Views at Crescent Hill | 2 Bedroom C | 2BR,1BA | $288 |
| 5310-5312 Milner Rd | 0 Beds, 1 Baths | Studio,1BA | $550 |
| 5302 Milner Rd | 0 Beds, 1 Baths | Studio,1BA | $550 |
| Knox Landing | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| Brookview Glen | Studio | Studio,1BA | $719 |
| 800 Towers Apartments | Studio | Studio,1BA | $719 |
| Courtyard Apartments | 1.1B | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2229 S Shelby St, Unit 1 | 2229 S Shelby St | 6BR,3BA | $0.75 |
| Brexx at Louisville | Courtyard 4x4 | 4BR,4BA | $0.54 |
| Knobs Pointe Apartments | 2 Bedroom 2 Bath A | 2BR,2BA | $0.78 |
| Willow Place Apartments | Two bedroom | 2BR,1BA | $0.91 |
| By the Park | Two bedroom | 2BR,1BA | $0.93 |
| 2014 W Main St, Unit 1F | 2014 W Main St | 2BR,1BA | $0.80 |
| 4700 Walnut Grove Ave, Unit 1 | 4700 Walnut Grove Ave | 2BR,1BA | $0.89 |
| Furlong Apartments | 2 Bedroom/1Bath | 2BR,1BA | $0.92 |
| 103 E Harrison Ave, Unit 3 | 103 E Harrison Ave | 2BR,1BA | $0.89 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,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.
Read ArticleThe 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
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Louisville, KY Rentals by Map
See the most popular apartments and homes in Louisville, KY
Louisville, KY Area Reviews
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

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.

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.

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.

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

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.

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.

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.

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.