Cheap Apartments for Rent in the Jacobs Neighborhood of Louisville, KY from $500 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Jacobs area of Louisville.

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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.

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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.

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Jacobs, Louisville, KY Local Guide

Cheapest Available Jacobs Apartments for Rent

 

The cheapest available apartment rental in the Jacobs area of Louisville, KY is a 1 Bed unit found at Heritage Green Apartments priced from $754. Manslick Studios has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Jacobs apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Heritage Green ApartmentsThe Single1BR,1BA$754
Manslick Studios0BR/1.0BAStudio,1BA$800
Carpenter Apartments1 Bedroom1BR,1BA$820
Walnut Grove1 Bedroom, 1 Bathroom1BR,1BA$855
Richardson 52 Apartments1 BED / 1 BATH1BR,1BA$900

Best Value Apartments for Rent in Jacobs, KY

As of June 17, 2025 the best value apartment in the Jacobs area is the $0.93 price per square foot Two bedroom Model at By the Park in the in the Jacobs neighborhood starting from $930. The second greatest value Jacobs apartment is the 2 BED / 2 BATH Model at Richardson 52 Apartments starting at $1,050 with a $1.17 price per square foot in the Jacobs neighborhood. Here is today’s list of the best values for Jacobs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
By the ParkTwo bedroom2BR,1BA$0.93
Richardson 52 Apartments2 BED / 2 BATH2BR,1BA$1.17
Kenwood ArmsKenwood Arms - Waiting List (2b/1b)2BR,1BA$1.14
Beechmont TownhomesBeechmont Townhomes- Finished Basement2BR,1BA$1.35
Kensington2 Bedroom2BR,1BA$1.33
Nichols MeadowsFlats2BR,1BA$1.43
The Crossings at Mill Creek1 Bedroom1BR,1BA$1.27
Walnut Grove1 Bedroom, 1 Bathroom1BR,1BA$1.41
Manslick Studios0BR/1.0BAStudio ,1BA$1.60
Heritage Green ApartmentsThe Single1BR,1BA$1.57

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Pet Friendly Lifestyle
Jacobs, Louisville, KY

Ranked #136

Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Jacobs Apartments

What is the price of a cheap apartment in Jacobs?

The cheapest apartment in Jacobs is Heritage Green Apartments which is listed at $754, while the average apartment in Jacobs costs $1,399.

What types of apartments are the cheapest in Jacobs?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 25 regular apartments in Jacobs that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Jacobs?

Cheap apartments in Jacobs have an average cost of $576 which is $823 cheaper than the average rent for all rentals in Jacobs.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.