Cheap Apartments for Rent in the Jacobs Neighborhood of Louisville, KY from $500 (8 Rentals)

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

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

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.

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.

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 Carpenter Apartments priced from $820. By the Park has the second lowest priced unit, which is a 2 Beds apartment currently listed from $930. Here are the most affordable Jacobs apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Carpenter Apartments1 Bedroom1BR,1BA$820
By the ParkTwo bedroom2BR,1BA$930
Manslick Studios0BR/1.0BAStudio,1BA$976

Best Value Apartments for Rent in Jacobs, KY

As of August 02, 2025 the best value apartment in the Jacobs area is the $1.60 price per square foot 3 Bedroom Model at The Crossings at Mill Creek in the in the Jacobs neighborhood starting from $1,905. The second greatest value Jacobs apartment is the Two bedroom Model at By the Park starting at $930 with a $0.93 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.
The Crossings at Mill Creek3 Bedroom3BR,2BA$1.60
By the ParkTwo bedroom2BR,1BA$0.93
3682 Craig Ave, Unit 3682 Craig Ave unit 33682 Craig Ave2BR,1BA$1.05
Manslick Studios0BR/1.0BAStudio ,1BA$1.95
Carpenter Apartments1 Bedroom1BR,1BA$1.70

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

Pet Friendly Lifestyle
Jacobs, Louisville, KY

Ranked #146

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Jacobs Apartments

What is the price of a cheap apartment in Jacobs?

The cheapest apartment in Jacobs is Carpenter Apartments which is listed at $820, while the average apartment in Jacobs costs $3,600.

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 16 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 $825 which is $2,775 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.

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

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.