Cheap Apartments for Rent in the Old Louisville Neighborhood of Louisville, KY from $500 (58 Rentals)

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

property at 1206 S Preston St

$650 - $795

Studio To 1 Bedroom Rentals

Available Now

1206 S Preston St

LouisvilleKY40203

Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

There's more to Louisville than the Kentucky Derby. Get a local insider's take on the best bourbon tours, dining, music venues, horse racing, and cultural experiences the city has to offer.

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The St. Francis Apartments
Rent Specials
$852 - $1,260
Total Monthly Price

Total Monthly Price

Base Rent
$852 - $1,260
Total Monthly Price
$852 - $1,260
Studio to 2 Bedroom Apartments Available Now

The St. Francis Apartments

233 W BroadwayLouisville, KY 40202
Affordability
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  • Customer Reviewed
  • Utilities Included
property at 952 S Floyd St

$925

1 To 2 Bedroom Rentals

Available Jul 30

952 S Floyd St

LouisvilleKY40203

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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1210 S Brook St, Unit 3
$1,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200
2 Bedroom Apartment Available Sep 1

1210 S Brook St, Unit 3

1210 S Brook StLouisville, KY 40203

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers

Stop driving and start living! We highlight the best Louisville neighborhoods—from Beechmont to Audubon Park—with great rentals near top job providers.

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1026 S 4th St
Studio to 2 Bedroom Apartments

1026 S 4th St

1026 S 4th StLouisville, KY 40203
  • Utilities Included
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1337 S 4th St
Studio to 2 Bedroom Apartments

1337 S 4th St

1337 S 4th StLouisville, KY 40208
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Mayflower Apartments
Studio to 3 Bedroom Apartments

Mayflower Apartments

425 W Ormsby AveLouisville, KY 40203
  • Utilities Included
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431 Kensington Ct
1 Bedroom Apartments

431 Kensington Ct

431 Kensington CtLouisville, KY 40208
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Cavalier Apartments
1 to 2 Bedroom Apartments

Cavalier Apartments

1245 S 4th StLouisville, KY 40203
Student Housing
  • Utilities Included

Old Louisville - One of the Best Affordable Neighborhoods in Louisville

Named as one of the Best Affordable Neighborhoods to rent in Louisville by our Louisville, KY Local Expert Mike Heuer. See how it ranks!

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1386 S 3rd St
1 to 2 Bedroom Apartments

1386 S 3rd St

1386 S 3rd StLouisville, KY 40208
Student Housing
  • Utilities Included
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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
  • Utilities Included
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947 S Brook St
1 Bedroom Apartments

947 S Brook St

947 S Brook StLouisville, KY 40203
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329 E Oak St
1 to 2 Bedroom Apartments

329 E Oak St

329 E Oak StLouisville, KY 40203
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747 S 5th St
1 to 2 Bedroom Apartments

747 S 5th St

747 S 5th StLouisville, KY 40203
  • Utilities Included
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Wellesley Townhouses
2 Bedroom Apartments

Wellesley Townhouses

1600 S 2nd StLouisville, KY 40208
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Old Louisville, Louisville, KY Local Guide

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. 800 Towers Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $719. Here are the most affordable Old Louisville apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
800 Towers ApartmentsStudioStudio,1BA$719
Old Louisville - 1219 S 6th StS6th01Studio,1BA$795
Lofts on OrmsbyStudioStudio,1BA$800
The St. Francis ApartmentsStudioStudio,1BA$852
Crescent Centre Apartments & TownhomesOne Bedroom-699 sqft1BR,1BA$865
Brexx at LouisvilleCloverhurst 4x4.54BR,4BA$869
Cardinal Village Apartments1x1 2nd/3rd1BR,1BA$899
The Cornerstone1 Bedroom1BR,1BA$900
947 S Brook St1/11BR,1BA$900

Best Value Apartments for Rent in Old Louisville, KY

As of July 25, 2026 the best value apartment in the Old Louisville area is the $0.54 price per square foot Courtyard 4x4 Model at Brexx at Louisville in the in the Downtown Louisville neighborhood starting from $839. The second greatest value Old Louisville apartment is the 222 E Oak St Model at 222 E Oak St, Unit 1 starting at $1,550 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Brexx at LouisvilleCourtyard 4x44BR,4BA$0.54
222 E Oak St, Unit 1222 E Oak St3BR,2BA$1.14
1436 S 3rd St1436 S 3rd St2BR,2BA$1.07
The Province (KY)2 Bed - 2 Bath2BR,2BA$1.01
The Cornerstone1 Bedroom1BR,1BA$1.29
Crescent Centre Apartments & TownhomesOne Bedroom-699 sqft1BR,1BA$1.25
947 S Brook St1/11BR,1BA$1.44
800 Towers ApartmentsStudioStudio ,1BA$1.19
Cardinal Village Apartments1x1 2nd/3rd Rehab W/D1BR,1BA$1.72
Old Louisville - 1219 S 6th StS6th01Studio ,1BA$1.59

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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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!

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 $900.

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

The cheapest apartment in Old Louisville is 800 Towers Apartments which is listed at $754, while the average apartment in Old Louisville costs $1,295.

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 17 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 $507 which is $788 cheaper than the average rent for all rentals in Old Louisville.

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

decorative image for Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky article

Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

Written by: Mike Heuer

Louisville is one great city in which to visit, live, work, and raise a family. It has excellent and reasonably affordable housing, great neighborhoods, and a whole lot more to offer its residents and visitors alike.

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Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers

Written by: Mike Heuer

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.

decorative image for The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters article

The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

Written by: Mike Heuer

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

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.