5312 Milner Rd
LouisvilleKY40216
Cheap Homes for Rent in Louisville, KY from $500 (323 Rentals)
Search the lowest-cost Homes available for rent right now in Louisville.
2163 St Johns Pl
LouisvilleKY40210
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$6751 Bedroom Apartments Available Now
691 Madelon Ct
691 Madelon CtLouisville, KY 40211
2614 W Jefferson St
LouisvilleKY40212
856 S 24th St
LouisvilleKY40211
1302 Main St
West PointKY40177
2718 W Jefferson St
LouisvilleKY40212
2718 W Jefferson St
LouisvilleKY40212
3124 Vermont Ave
LouisvilleKY40211
4806 Saddlebrook Ln
LouisvilleKY40216
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1944 Goldsmith Ln
LouisvilleKY40218
411 Iowa Ave
LouisvilleKY40208
1940 Center St
New AlbanyIN47150
2913 Dumesnil, Apt #3
2913 Dumesnil St
LouisvilleKY40211
2137 St Johns Pl
LouisvilleKY40210
1438 S 7th St
LouisvilleKY40208
2925 Slevin St
LouisvilleKY40212
4501 S 6th St, Unit 82
4501 S 6th St
LouisvilleKY40214
2724 Garland Ave
LouisvilleKY40211
116 E Harrison Ave
ClarksvilleIN47129
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.
902 Sinclair St
LouisvilleKY40118
406 S 20th St
LouisvilleKY40203
112 Boston Ct
LouisvilleKY40212
120 Blue Ridge Cir
Mount WashingtonKY40047
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$8251 Bedroom Apartments Available Now
465 Randolph Ave, Unit Room 2
465 Randolph AveClarksville, IN 47129
3320 Bardstown Rd
LouisvilleKY40218
3416 W Main St
LouisvilleKY40212
2706 Algonquin Pkwy
LouisvilleKY40210
2317 Ratcliffe Ave
LouisvilleKY40210
421 S 27th St
LouisvilleKY40212
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.
2300 W Madison St
LouisvilleKY40211
421 S 27th St
LouisvilleKY40212
2300 W Madison St
LouisvilleKY40211
2057 May Ave
LouisvilleKY40217
554 Camden Ave
LouisvilleKY40215
614 E Chestnut St
JeffersonvilleIN47130
7010 Wildwood Cir
LouisvilleKY40291
2216 W Main St
LouisvilleKY40212
21 College Ct
LouisvilleKY40203
2634 Garland Ave
LouisvilleKY40211
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.
666 Eastlawn Ave
LouisvilleKY40211
212 N 25th St
LouisvilleKY40212
2411 Elliott Ave
LouisvilleKY40211
728 S 35th St
LouisvilleKY40211
3513 Georgetown Pl
LouisvilleKY40215
451 N 25th St
LouisvilleKY40212
4435 Parker Ave
LouisvilleKY40212
655 S 35th St
LouisvilleKY40211
1934 W Madison St
LouisvilleKY40203
3215 Greenwood Ave
LouisvilleKY40211
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.
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 | $1,328 | $745 | $3,200 |
| Louisville 3 Bedroom Homes for Rent | $1,807 | $697 | $8,000 |
| Louisville 4 Bedroom Homes for Rent | $2,345 | $900 | $5,500 |
| Louisville 5 Bedroom Homes for Rent | $3,321 | $1,600 | $9,500 |
| Louisville 6 Bedroom Homes for Rent | $2,600 | $1,000 | $4,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Louisville
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Louisville, KY Local Guide
- Louisville Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Louisville, KY
Pricing Updated: 06/10/2026Current apartment rentals in the Louisville, KY area range in price from $200 to $12,354 with an overall median price of $2,003. The three Louisville neighborhoods with the lowest median rent pricing are Churchill Downs at $669, University at $717, 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 | $1,005 | $669 | 30 |
| University | $1,020 | $717 | 27 |
| Standiford | $1,070 | $695 | 33 |
| Prestonia | $1,115 | $669 | 94 |
| Riverside Gardens | $1,163 | $765 | 11 |
| St Dennis | $1,163 | $765 | 21 |
| Cloverleaf | $1,200 | $749 | 202 |
| Hazelwood | $1,200 | $725 | 189 |
| Highland Park | $1,200 | $717 | 179 |
| Shively | $1,200 | $755 | 169 |
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 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 Prestonian | 1A | 1BR,1BA | $543 |
| 5310-5312 Milner Rd | 0 Beds, 1 Baths | Studio,1BA | $550 |
| 5302 Milner Rd | 1 Beds, 1 Baths | 1BR,1BA | $685 |
| 4804-4806 Saddlebrook Ln | 1 Beds, 1 Baths | 1BR,1BA | $699 |
| Lofts on Ormsby | Studio | Studio,1BA | $700 |
| Knox Landing | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| 800 Towers Apartments | Studio | Studio,1BA | $715 |
Best Value Apartments for Rent in Louisville, KY
As of June 10, 2026 the best value apartment in the Louisville area is the $0.85 price per square foot 2010 Kenilworth Pl Model at 2010 Kenilworth Pl, Unit #1 in the in the Hayfield Dundee neighborhood starting from $2,200. The second greatest value Louisville apartment is the Julep Model at Derby Row | Student Housing starting at $649 with a $0.51 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2010 Kenilworth Pl, Unit #1 | 2010 Kenilworth Pl | 4BR,1BA | $0.85 |
| Derby Row | Student Housing | Julep | 4BR,4BA | $0.51 |
| Willow Place Apartments | Two bedroom | 2BR,1BA | $0.91 |
| By the Park | Two bedroom | 2BR,1BA | $0.93 |
| Huntley Ridge New Albany | Willow | 2BR,1BA | $0.94 |
| 2014 W Main St, Unit 1F | 2014 W Main St | 2BR,1BA | $0.80 |
| 1423 Debarr St, Unit 2 | 1423 Debarr St | 1BR,1BA | $0.96 |
| Furlong Apartments | 2 Bedroom/1Bath | 2BR,1BA | $0.92 |
| 4700 Walnut Grove Ave, Unit 1 | 4700 Walnut Grove 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.
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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
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.
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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!
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Frequently Asked Questions about Louisville
What type of rentals are currently available in Louisville?
There are currently 2906 Apartments for Rent in Louisville, KY with pricing that ranges from $200 to $12,741. There are also 677 Single Family Homes for rent, Condos, and Townhome rentals currently available in Louisville ranging from $550 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 $550 to $9,500 with an average monthly rent of $1,893.
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 $717 to $4,951, while Three Bedroom Homes, Condos, and Townhomes for rent range from $697 to $8,000. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $669.
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
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.
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.
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.
Articles, How-To's, and Tips
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.