Cheap Homes for Rent in Louisville, KY from $600 (318 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
property at 2913 Dumesnil St

$795

3 Bedroom, 1 Bath Home for Rent

Available Now

2913 Dumesnil St

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.

Read Article
property at 4615 S 2nd St

$800

1 Bedroom Rentals

Available Now

4615 S 2nd St

LouisvilleKY40214

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.

Read Article
property at 3409 Vermont Ave

$850

3 Bedroom, 1 Bath Home for Rent

Available Now

3409 Vermont Ave

LouisvilleKY40211
property at 4012 Dupont Cir

$850 - $895

1 Bedroom Rentals

Available Now

4012 Dupont Cir

St MatthewsKY40207

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.

Read Article
Showing Results 1-50, Page 1 of 7

Louisville, KY Local Guide

Cheapest Neighborhoods for Apartments in Louisville, KY

Pricing Updated: 01/15/2026

Current apartment rentals in the Louisville, KY area range in price from $200 to $13,287 with an overall median price of $2,129. The three Louisville neighborhoods with the lowest median rent pricing are Shawnee at $775, Prestonia at $599, and Churchill Downs at $599. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Louisville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Shawnee$1,017$7752
Prestonia$1,099$59989
Churchill Downs$1,130$59936
University$1,134$62525
Bradley$1,139$20094
Bon Air$1,148$84613
Deer Park$1,149$79914
Old Louisville$1,157$20071
Seneca Gardens$1,190$83575
Algonquin$1,200$200370

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
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Bridlewood Crossing1 Bedroom1BR,1BA$690
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$697
Vue at 3rd StreetStudioStudio,1BA$699
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$699
Southwood1 Bed, 1 bath1BR,1BA$699

Best Value Apartments for Rent in Louisville, KY

As of January 15, 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 Southern Indiana neighborhood starting from $1,425. The second greatest value Louisville apartment is the 3 Bedroom + 2 Bath Model at Aberdeen Woods Phase 1-7 starting at $1,376 with a $0.87 price per square foot in the Oak Park 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
Aberdeen Woods Phase 1-73 Bedroom + 2 Bath3BR,2BA$0.87
Yugo Louisville Nine4 Bed, 4 Bath Classic Pool View4BR,4BA$0.52
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
Finish Line ApartmentsThe Paddock2BR,2BA$0.87
535 E Kentucky St, Unit 2F535 E Kentucky St2BR,1BA$0.85
Olde Towne VillageAshton1BR,1BA$0.89
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.87
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Louisville, KY Rentals by Map

Decorative image of map

See the most popular apartments and homes in Louisville, KY

View Map
Louisville, KY Apartments Map
View Map
Louisville, KY Rental Homes Map

Louisville, KY Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Frequently Asked Questions about Louisville

What type of rentals are currently available in Louisville?

There are currently 2836 Apartments for Rent in Louisville, KY with pricing that ranges from $200 to $13,353. There are also 850 Single Family Homes for rent, Condos, and Townhome rentals currently available in Louisville ranging from $625 to $7,400.

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 $625 to $7,400 with an average monthly rent of $1,525.

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 $675 to $8,304, while Three Bedroom Homes, Condos, and Townhomes for rent range from $779 to $5,000. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $599.

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

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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.