Cheap Homes for Rent in Louisville, KY from $600 (332 Rentals)

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property at 714 S 42nd St

714 S 42nd St

LouisvilleKY40211
property at 3421 Shanks Ln

3421 Shanks Ln

LouisvilleKY40216
property at 3421 Shanks Ln

3421 Shanks Ln

LouisvilleKY40216
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Louisville, KY Local Guide

Cheapest Neighborhoods for Apartments in Louisville, KY

Pricing Updated: 09/14/2025

Current apartment rentals in the Louisville, KY area range in price from $200 to $6,880 with an overall median price of $1,743. The three Louisville neighborhoods with the lowest median rent pricing are Shawnee at $650, Portland at $695, and Churchill Downs at $495. 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$650$6501
Portland$947$6958
Churchill Downs$1,000$49526
Chickasaw$1,095$65026
Park Duvalle$1,095$65018
Russell$1,119$54221
University$1,142$53516
Prestonia$1,149$49583
Old Louisville$1,155$20050
Algonquin$1,200$200335

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
M. Fine on Spring2BT52BR,1BA$418
Willow Trace1B1B1BR,1BA$462
The Crossings at South Park1x11BR,1BA$466
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Brookview GlenOne Bedroom1BR,1BA$549

Best Value Apartments for Rent in Louisville, KY

As of September 15, 2025 the best value apartment in the Louisville area is the $0.80 price per square foot 1458 S 3rd St Model at 1458 S 3rd St, Unit 1458 South 3rd Street in the in the Phoenix Hill neighborhood starting from $2,000. The second greatest value Louisville apartment is the Winton Model at Olde Towne Village starting at $999 with a $0.77 price per square foot in the Southern Indiana 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.
1458 S 3rd St, Unit 1458 South 3rd Street1458 S 3rd St4BR,2BA$0.80
Olde Towne VillageWinton2BR,2BA$0.77
Hunters Run2 Bedroom, 2 Bathroom2BR,2BA$0.90
M. Fine on Spring2B2BT17HC2BR,2BA$0.63
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
Bridgepointe Crossing2 br2BR,1.5BA$0.90
Brookview GlenOne Bedroom1BR,1BA$0.80
708 M St, Unit 3708 M StStudio ,1BA$0.83
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

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

Explore Louisville, KY Rentals by Map

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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 2810 Apartments for Rent in Louisville, KY with pricing that ranges from $200 to $6,880. There are also 894 Single Family Homes for rent, Condos, and Townhome rentals currently available in Louisville ranging from $695 to $10,000.

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 $695 to $10,000 with an average monthly rent of $2,180.

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 $8,500. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $535.

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.

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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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.