Cheap Apartments for Rent in the NuLu Neighborhood of Louisville, KY from $500 (38 Rentals)

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

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The Friary
Studio to 1 Bedroom Apartments

The Friary

501 E Liberty StLouisville, KY 40202
  • Utilities Included
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1000 E Jefferson St
1 Bedroom Apartments

1000 E Jefferson St

1000 E Jefferson StLouisville, KY 40206
  • Utilities Included

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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NuLu, Louisville, KY Local Guide

Cheapest Available NuLu Apartments for Rent

 

The cheapest available apartment rental in the NuLu area of Louisville, KY is a Studio unit found at Lofts on Ormsby priced from $725. The Quad has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable NuLu apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Lofts on OrmsbyStudioStudio,1BA$725
The QuadStudio – 1 BathroomStudio,1BA$795
Vue at 3rd StreetStudioStudio,1BA$799
Poplar TerraceStudioStudio,1BA$839
Germantown Village Apartments1 Bedrooms1BR,1BA$849
AVIA North ShoreStudiosStudio,1BA$849
Ashbury Ridge2 Bedroom2BR,1BA$899
800 Towers ApartmentsStudioStudio,1BA$910
Flats on FifthThe Volstead1BR,1BA$953
Beecher Terrace Apartments1 Bedroom*1BR,1BA$970

Best Value Apartments for Rent in NuLu, KY

As of July 29, 2025 the best value apartment in the NuLu area is the $1.31 price per square foot The Loch III Model at Current812 in the in the Phoenix Hill neighborhood starting from $2,963. The second greatest value NuLu apartment is the EP9 Model at Edison Park starting at $1,995 with a $1.19 price per square foot in the Medical Center neighborhood. Here is today’s list of the best values for NuLu apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Current812The Loch III4BR,2BA$1.31
Edison ParkEP92BR,2.5BA$1.19
Fitzroy Louisville2 Bedroom 2 Bath 10922BR,2BA$1.24
Butchertown FlatsThe Avalon2BR,2BA$1.25
816-818 Rubel AveThree Bedroom3BR,1BA$0.58
Elevate at NULU Apartment HomesBeyond2BR,1BA$1.20
The St. Francis Apartments2BR2BA2BR,2BA$1.28
Derby Row | Student HousingThoroughbred2BR,2BA$1.00
Ashbury Ridge2 Bedroom2BR,1BA$1.17
Germantown Village Apartments1 Bedrooms1BR,1BA$1.28

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Nulu, Louisville, KY

Ranked #7

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the NuLu Neighborhood in Louisville, KY

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

83 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

52 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap NuLu Apartments

What is a cheap apartment in NuLu?

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

What is the price of a cheap apartment in NuLu?

The cheapest apartment in NuLu is Germantown Village Apartments which is listed at $849, while the average apartment in NuLu costs $2,902.

What types of apartments are the cheapest in NuLu?

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 80 regular apartments in NuLu 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 NuLu?

Cheap apartments in NuLu have an average cost of $307 which is $2,595 cheaper than the average rent for all rentals in NuLu.

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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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

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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.