
Cheap Apartments for Rent in the Old Louisville Neighborhood of Louisville, KY from $500 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Louisville area of Louisville.


Lofts on Ormsby

1516 S 2nd St

1144 S 3rd St

1231 S 4th St
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.

227 W Breckinridge St

Vue at 3rd Street

The Cornerstone

1215 S 1st St

800 Towers Apartments

The St. Francis Apartments

Cardinal Village Apartments

Crescent Centre Apartments & Townhomes

Flats on Fifth

Views at Crescent Hill

York Towers Apartments
The Art of the Rental Viewing: What to look for during a property tour
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.

226 W Burnett Ave, Unit 218
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

The Hillebrand House - Senior Living

Chapel House Senior Apartments - Age 62+
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.
Old Louisville, Louisville, KY Local Guide

How much does it cost to rent an apartment in Old Louisville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Old Louisville Studio Apartments | $1,148 | $200 | $1,669 |
Old Louisville 1 Bedroom Apartments | $1,312 | $200 | $1,918 |
Old Louisville 2 Bedroom Apartments | $1,798 | $900 | $2,495 |
Old Louisville 3 Bedroom Apartments | $1,379 | $1,095 | $1,905 |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Old Louisville Neighborhood of Louisville, KY.
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Old Louisville, Louisville, KY Local Guide
- Nearby Louisville neighborhoods
- Nearby Cities
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Cheapest Available Old Louisville Apartments for Rent
 The cheapest available apartment rental in the Old Louisville area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. Yugo Louisville Nine has the second lowest priced unit, which is a 4 Beds apartment currently listed from $709. Here are the most affordable Old Louisville apartments for rent in Louisville, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Puritan Senior Living - 62 & Over | Studio | Studio,1BA | $200 |
Yugo Louisville Nine | 4 Bed, 4 Bath Classic Balcony | 4BR,4BA | $709 |
Vue at 3rd Street | Studio | Studio,1BA | $799 |
The Cornerstone | 1 Bedroom | 1BR,1BA | $800 |
Lofts on Ormsby | 1 Bedroom 1 Bath | 1BR,1BA | $850 |
800 Towers Apartments | Studio | Studio,1BA | $865 |
The St. Francis Apartments | 1BR1BA | 1BR,1BA | $890 |
Cardinal Village Apartments | 1x1 Lower Level | 1BR,1BA | $910 |
Crescent Centre Apartments & Townhomes | One Bedroom-699 sqft | 1BR,1BA | $920 |
Flats on Fifth | The Volstead | 1BR,1BA | $957 |
Best Value Apartments for Rent in Old Louisville, KY
As of June 17, 2025 the best value apartment in the Old Louisville area is the $1.05 price per square foot 1445 S 3rd St Model at 1445 S 3rd St, Unit 7 in the in the Phoenix Hill neighborhood starting from $4,200. The second greatest value Old Louisville apartment is the 3 Beds, 1.5 Baths Model at 1524 S 4th St starting at $1,250 with a $1.14 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for Old Louisville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1445 S 3rd St, Unit 7 | 1445 S 3rd St | 6BR,3BA | $1.05 |
1524 S 4th St | 3 Beds, 1.5 Baths | 3BR,1.5BA | $1.14 |
500 W Saint Catherine St, Unit 1 | 500 W Saint Catherine St | 2BR,1BA | $1.10 |
1308 S 6th St, Unit 2 | 1308 S 6th St | 1BR,1BA | $1.10 |
215 W Burnett Ave, Unit First Floor One Bedroom | 215 W Burnett Ave | 1BR,1BA | $1.33 |
Yugo Louisville Nine | 2 Bed, 2 Bath Classic Pool View | 2BR,2BA | $1.05 |
Derby Row | Student Housing | Belmont | 2BR,2BA | $1.22 |
226 W Burnett Ave, Unit 218 | 226 W Burnett Ave | 2BR,1BA | $1.33 |
The Cornerstone | 1 Bedroom | 1BR,1BA | $1.14 |
The St. Francis Apartments | 1BR1BA | 1BR,1BA | $1.32 |
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.
Lifestyle Ratings
Our team of engineers and researchers is proud to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Louisville. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Old Louisville Neighborhood in Louisville, KY
Walk Score®
81 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
87 / 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 Old Louisville Apartments
What is a cheap apartment in Old Louisville?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Louisville is under $957.
What is the price of a cheap apartment in Old Louisville?
The cheapest apartment in Old Louisville is The Cornerstone which is listed at $800, while the average apartment in Old Louisville costs $4,200.
What types of apartments are the cheapest in Old Louisville?
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 6 regular apartments in Old Louisville 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 Old Louisville?
Cheap apartments in Old Louisville have an average cost of $238 which is $3,962 cheaper than the average rent for all rentals in Old Louisville.
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.

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.

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.

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.

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.