Cheap Homes for Rent in Louisville, KY from $645 (279 Rentals)

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Search the lowest-cost Homes available for rent right now in Louisville.

property at 655 S 27th St
$699

Total Monthly Price

Base Rent$699

Total Monthly Price$699
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

655 S 27th St

LouisvilleKY40211
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property at 1735 W Hill St
$750

Total Monthly Price

Base Rent$750

Total Monthly Price$750
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1735 W Hill St

LouisvilleKY40210
  • Smoke Free

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.

property at 1842 Bolling Ave
$750
1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

1842 Bolling Ave

LouisvilleKY40210
property at 1563 S Rear St
$800
1 Bedroom Rentals
Available Now
Affordability

1563 S Rear St

LouisvilleKY40210

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.

property at 2317 Ratcliffe Ave
$850

Total Monthly Price

Base Rent$850

Total Monthly Price$850
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

2317 Ratcliffe Ave

LouisvilleKY40210

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.

property at 4012 DuPont Cir
$895

Total Monthly Price

Base Rent$895

Total Monthly Price$895
1 Bedroom, 1 Bath Condo for Rent
Available Now

4012 DuPont Cir, Unit 307

4012 DuPont Cir
St MatthewsKY40207
property at 3523 Georgetown Pl
$900
2 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

3523 Georgetown Pl

LouisvilleKY40215

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

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Louisville, KY Local Guide

Cheapest Neighborhoods for Apartments in Louisville, KY

Pricing Updated: 09/10/2026

Current apartment rentals in the Louisville, KY area range in price from $200 to $9,114 with an overall median price of $1,267. The three Louisville neighborhoods with the lowest median rent pricing are Limerick at $800, Shawnee at $800, and Bon Air at $865. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Louisville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Limerick$800$20019
Shawnee$800$49512
Bon Air$865$85014
Portland$895$49525
Beechmont$900$69557
Churchill Downs$909$61948
Jacobs$915$7007
Cloverleaf$950$580215
Fairgrounds$950$619231
Hallmark$950$619165

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
5302 Milner Rd0 Beds, 1 BathsStudio,1BA$550
Lower Hunters Trace2 Bedroom2BR,1BA$580
Western Arms Apartment Homes (DBA)1BR/1.0BA1BR,1BA$695
1128 S. 3rd1BR/1.0BA1BR,1BA$695
Knox Landing1 Bed / 1 Bath1BR,1BA$700
800 Towers ApartmentsStudioStudio,1BA$715

Best Value Apartments for Rent in Louisville, KY

As of September 10, 2026 the best value apartment in the Louisville area is the $0.89 price per square foot 3 Bedroom 2 Bath Model at Knobs Pointe Apartments in the in the New Albany neighborhood starting from $1,425. The second greatest value Louisville apartment is the 2BR/1.0BA Model at 1390 S. 1st starting at $1,200 with a $0.83 price per square foot in the Phoenix Hill 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.
Knobs Pointe Apartments3 Bedroom 2 Bath3BR,2BA$0.89
1390 S. 1st2BR/1.0BA2BR,1BA$0.83
The Nine4x44BR,4BA$0.58
Brexx at LouisvilleBirchmore 2x22BR,2BA$0.80
Willow Place ApartmentsTwo bedroom2BR,1BA$0.91
2014 W Main St, Unit 1F2014 W Main St2BR,1BA$0.75
3108 Springfield Dr2 Bedroom2BR,1BA$0.88
214 W Collins Ct, Unit 1 br apartment214 W Collins Ct1BR,1BA$0.86
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34
The Puritan Senior Living - 62 & OverStudioStudio ,1BA$0.44

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 2980 Apartments for Rent in Louisville, KY with pricing that ranges from $200 to $9,114. There are also 708 Single Family Homes for rent, Condos, and Townhome rentals currently available in Louisville ranging from $645 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 $645 to $9,500 with an average monthly rent of $1,699.

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 $723 to $4,472, while Three Bedroom Homes, Condos, and Townhomes for rent range from $715 to $4,995. Four Bedroom Single-Family rentals are also available starting from $900 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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.