Cheap 2 Bedroom Apartments for Rent in the Phoenix Hill Neighborhood of Louisville, KY from $695 (54 Rentals)

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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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Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!

Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

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Gateway on Broadway
2 Bedroom Apartments

Gateway on Broadway

1405 W BroadwayLouisville, KY 40203
Senior Living
  • Utilities Included
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1870 Frankfort Ave
2 Bedroom Apartments

1870 Frankfort Ave

1870-1874 Frankfort AveLouisville, KY 40206
  • Utilities Included
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1337 S 4th St
2 Bedroom Apartments

1337 S 4th St

1337 S 4th StLouisville, KY 40208

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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Schiller Terrace
2 Bedroom Apartments

Schiller Terrace

1137 Schiller AveLouisville, KY 40204
  • Utilities Included
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1382 S. First St
2 Bedroom Apartments

1382 S. First St

1382 1st StLouisville, KY 40208
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1386 S 3rd St
2 Bedroom Apartments

1386 S 3rd St

1386 S 3rd StLouisville, KY 40208
Student Housing
  • Utilities Included
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The Bordeaux
2 Bedroom Apartments

The Bordeaux

1418 Willow AveLouisville, KY 40204
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1200 So 6th St
2 Bedroom Apartments

1200 So 6th St

1200 S 6th StLouisville, KY 40203
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1361 S Brook St.
2 Bedroom Apartments

1361 S Brook St.

1361 S Brook StLouisville, KY 40208
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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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Wellesley Townhouses
2 Bedroom Apartments

Wellesley Townhouses

1600 S 2nd StLouisville, KY 40208
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Market1612w (TF)
2 Bedroom Apartments

Market1612w (TF)

1612 W Market StLouisville, KY 40203

Phoenix Hill - 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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Cavalier Apartments
2 Bedroom Apartments

Cavalier Apartments

1245 S 4th StLouisville, KY 40203
Student Housing
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Urban Flats
2 Bedroom Apartments

Urban Flats

735 S 2nd StLouisville, KY 40202
  • Utilities Included
property at 1156 S Brook St
$1,100
2 Bedroom Rentals
Available Now
Affordability

1156 S Brook St

LouisvilleKY40203
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Central Park Lofts
2 Bedroom Apartments

Central Park Lofts

1251 S 4th StLouisville, KY 40203
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1629 S 4th St
2 Bedroom Apartments

1629 S 4th St

1629 S 4th StLouisville, KY 40208

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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Frequently Asked Questions about Cheap Phoenix Hill Apartments

What is a cheap apartment in Phoenix Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Phoenix Hill is under $800.

What is the price of a cheap apartment in Phoenix Hill?

The cheapest apartment in Phoenix Hill is 1382 S. First St which is listed at $950, while the average apartment in Phoenix Hill costs $1,305.

What types of apartments are the cheapest in Phoenix Hill?

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 59 regular apartments in Phoenix Hill 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 Phoenix Hill?

Cheap apartments in Phoenix Hill have an average cost of $346 which is $959 cheaper than the average rent for all rentals in Phoenix Hill.

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.

decorative image for Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers article

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 Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.