Cheap Apartments for Rent in the Louisville Waterfront Neighborhood of Louisville, KY from $500 (42 Rentals)

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

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212 Riverside Dr
1 Bedroom Apartments

212 Riverside Dr

212 Riverside DrJeffersonville, IN 47130
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Cheapest Available Louisville Waterfront Apartments for Rent

 

The cheapest available apartment rental in the Louisville Waterfront area of Louisville, KY is a 1 Bed unit found at The Prestonian priced from $543. Lofts on Ormsby has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Louisville Waterfront apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Prestonian1A1BR,1BA$543
Lofts on OrmsbyStudioStudio,1BA$700
800 Towers ApartmentsStudioStudio,1BA$715
The Edison1 Bedroom 1 Bathroom1BR,1BA$799
AVIA North ShoreStudioStudio,1BA$799
The Quad0BR/1.0BAStudio,1BA$825
Germantown Village Apartments1 Bedroom1BR,1BA$829
Beecher Family1 Bdrm Garden, 608 SqFt, Tax Credit, 60% AMI1BR,1BA$861
Painters RowStudio - 1 BathroomStudio,1BA$890
Artspace LoftsThe MinimalistStudio,1BA$899

Best Value Apartments for Rent in Louisville Waterfront, KY

As of May 21, 2026 the best value apartment in the Louisville Waterfront area is the $0.48 price per square foot Julep Model at Derby Row | Student Housing in the in the Phoenix Hill neighborhood starting from $609. The second greatest value Louisville Waterfront apartment is the 2+2 Reno Model at Chatsworth Park Apartments starting at $1,400 with a $1.17 price per square foot in the Crescent Hill neighborhood. Here is today’s list of the best values for Louisville Waterfront apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Derby Row | Student HousingJulep4BR,4BA$0.48
Chatsworth Park Apartments2+2 Reno2BR,2BA$1.17
Butchertown FlatsThe Magazine2BR,1.5BA$1.16
A Little Holiday Wish Come True: No rent until January!2BR/1.0BA2BR,1BA$1.16
St. Francis ApartmentsThe Douglass1BR,1BA$1.28
Ashbury Ridge2 Bedroom2BR,1BA$1.30
The Edison2 Bedroom 1 Bathroom2BR,1BA$1.25
Views at Crescent Hill2 Bedroom A2BR,1BA$1.33
Germantown Village Apartments1 Bedroom1BR,1BA$1.25
800 Towers ApartmentsStudioStudio ,1BA$1.18

Frequently Asked Questions about Cheap Louisville Waterfront Apartments

What is a cheap apartment in Louisville Waterfront?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Louisville Waterfront is under $899.

What is the price of a cheap apartment in Louisville Waterfront?

The cheapest apartment in Louisville Waterfront is The Prestonian which is listed at $543, while the average apartment in Louisville Waterfront costs $1,799.

What types of apartments are the cheapest in Louisville Waterfront?

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 54 regular apartments in Louisville Waterfront 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 Louisville Waterfront?

Cheap apartments in Louisville Waterfront have an average cost of $395 which is $1,404 cheaper than the average rent for all rentals in Louisville Waterfront.

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

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The 10 Best Affordable Neighborhoods for Renting in Louisville, KY

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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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Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

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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.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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