Cheap Homes for Rent in Louisville, KY from $600 (325 Rentals)

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

property at 1826 Cypress St

1826 Cypress St

LouisvilleKY40210
property at 2913 Dumesnil St

2913 Dumesnil St

LouisvilleKY40211
property at 4144 Sunset Ave

4144 Sunset Ave

LouisvilleKY40211
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Louisville, KY Local Guide

Cheapest Neighborhoods for Apartments in Louisville, KY

Pricing Updated: 11/11/2025

Current apartment rentals in the Louisville, KY area range in price from $200 to $6,880 with an overall median price of $1,753. The three Louisville neighborhoods with the lowest median rent pricing are Shawnee at $650, Chickasaw at $650, and Park Duvalle at $650. 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$662$6502
Chickasaw$1,095$65026
Park Duvalle$1,095$65017
Bradley$1,099$20097
Churchill Downs$1,114$59940
Old Louisville$1,115$20064
Prestonia$1,119$59995
University$1,129$67528
Bon Air$1,173$79018
Algonquin$1,200$200386

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
1743 Culbertson Ave1 Beds, 1 Baths1BR,1BA$697
Vue at 3rd StreetStudioStudio,1BA$699
Knobs Pointe Apartments1 Bedroom 1 Bath B1BR,1BA$720
Southwood1 Bed, 1 bath1BR,1BA$749
Townsquare Apartmentsgarden apartment1BR,1BA$750

Best Value Apartments for Rent in Louisville, KY

As of November 11, 2025 the best value apartment in the Louisville area is the $0.87 price per square foot 3 Bedroom Two Bathrooms Model at The Hemingway in the in the Hayfield Dundee neighborhood starting from $1,259. The second greatest value Louisville apartment is the 4 Bed, 4 Bath Classic Pool View Model at Yugo Louisville Nine starting at $729 with a $0.52 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.
The Hemingway3 Bedroom Two Bathrooms3BR,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
Huntley Ridge Clarksville2 Bedroom 1.5 Bathroom Townhome2BR,1.5BA$0.88
535 E Kentucky St, Unit 2F535 E Kentucky St2BR,1BA$0.85
1120 Cherokee Rd, Unit 41120 Cherokee Rd1BR,1BA$0.83
Graham Village Apartments2 Bed 1 Bath Apt2BR,1BA$0.89
Knobs Pointe Apartments1 Bedroom 1 Bath B1BR,1BA$0.85
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

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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 2807 Apartments for Rent in Louisville, KY with pricing that ranges from $200 to $6,880. There are also 886 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 $1,983.

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 $6,880, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 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.

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.

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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.