Cheap Apartments for Rent in the Medical Center Neighborhood of Louisville, KY from $500 (43 Rentals)

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

property at 1144 S 3rd St

1144 S 3rd St

LouisvilleKY40203

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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The Friary
Studio to 1 Bedroom Apartments

The Friary

501 E Liberty StLouisville, KY 40202
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1026 S 4th St
Studio to 2 Bedroom Apartments

1026 S 4th St

1026 S 4th StLouisville, KY 40203
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Cathedral Commons
Studio to 2 Bedroom Apartments

Cathedral Commons

433 S 2nd StLouisville, KY 40202
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Friendship House - Age 62+
Studio to 1 Bedroom Apartments

Friendship House - Age 62+

960 S 4th StLouisville, KY 40203
Senior Living
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Park Edge Apartments
1 Bedroom Apartments

Park Edge Apartments

410 S Hancock StLouisville, KY 40202
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747 S 5th St
2 Bedroom Apartments

747 S 5th St

747 S 5th StLouisville, KY 40203
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Glassworks Lofts
1 Bedroom Apartments

Glassworks Lofts

815 W Market StLouisville, KY 40202
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1202 S 3rd St
Studio to 2 Bedroom Apartments

1202 S 3rd St

1202 S 3rd StLouisville, KY 40203
  • Utilities Included

Louisville's Best Affordable Neighborhoods

Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

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Urban Flats
2 Bedroom Apartments

Urban Flats

735 S 2nd StLouisville, KY 40202
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566 S 4th St
1 to 2 Bedroom Apartments

566 S 4th St

566 S 4th StLouisville, KY 40202
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1000 E Jefferson St
1 Bedroom Apartments

1000 E Jefferson St

1000 E Jefferson StLouisville, KY 40206
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Medical Center, Louisville, KY Local Guide

Cheapest Available Medical Center Apartments for Rent

 

The cheapest available apartment rental in the Medical Center area of Louisville, KY is a Studio unit found at The Quad priced from $795. Vue at 3rd Street has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Medical Center apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The QuadStudio – 1 BathroomStudio,1BA$795
Vue at 3rd StreetStudioStudio,1BA$799
The Cornerstone1 Bedroom1BR,1BA$800
Germantown Village Apartments1 Bedrooms1BR,1BA$859
800 Towers ApartmentsStudioStudio,1BA$865
The St. Francis Apartments1BR1BA1BR,1BA$890
Crescent Centre Apartments & TownhomesOne Bedroom-699 sqft1BR,1BA$920
Park Edge Apartments1 Bedroom 1 Bathroom1BR,1BA$950
Flats on FifthThe Volstead1BR,1BA$954
Beecher Terrace Apartments1 Bedroom*1BR,1BA$970

Best Value Apartments for Rent in Medical Center, KY

As of June 18, 2025 the best value apartment in the Medical Center area is the $1.19 price per square foot EP9 Model at Edison Park in the in the Medical Center neighborhood starting from $1,995. The second greatest value Medical Center apartment is the 721 Roselane St Model at 721 Roselane St, Unit A starting at $1,400 with a $1.27 price per square foot in the Medical Center neighborhood. Here is today’s list of the best values for Medical Center apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Edison ParkEP92BR,2.5BA$1.19
721 Roselane St, Unit A721 Roselane St4BR,1.5BA$1.27
500 W Saint Catherine St, Unit 1500 W Saint Catherine St2BR,1BA$1.10
The PrestonianOne Bedroom1BR,1BA$1.53
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
The Cornerstone1 Bedroom1BR,1BA$1.14
The St. Francis Apartments1BR1BA1BR,1BA$1.32
Germantown Village Apartments1 Bedrooms1BR,1BA$1.29
Park Edge Apartments1 Bedroom 1 Bathroom1BR,1BA$1.56
800 Towers ApartmentsStudioStudio ,1BA$1.43

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Medical Center, Louisville, KY

Ranked #13

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities and towns, and rental properties across Kentucky, including Louisville. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, pet-friendly features, apartment communities for the kids, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Medical Center Apartments

What is a cheap apartment in Medical Center?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Medical Center is under $970.

What is the price of a cheap apartment in Medical Center?

The cheapest apartment in Medical Center is The Cornerstone which is listed at $800, while the average apartment in Medical Center costs $4,660.

What types of apartments are the cheapest in Medical Center?

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 79 regular apartments in Medical Center 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 Medical Center?

Cheap apartments in Medical Center have an average cost of $321 which is $4,339 cheaper than the average rent for all rentals in Medical Center.

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.