Cheap Apartments for Rent in the Phoenix Hill Neighborhood of Louisville, KY from $400 (116 Rentals)

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

property at 952 S Floyd St

952 S Floyd St

LouisvilleKY40203
Showing Results 1-50, Page 1 of 3

Phoenix Hill, Louisville, KY Local Guide

Cheapest Available Phoenix Hill Apartments for Rent

 

The cheapest available apartment rental in the Phoenix Hill area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. Gateway on Broadway has the second lowest priced unit, which is a 2 Beds apartment currently listed from $542. Here are the most affordable Phoenix Hill apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Vue at 3rd StreetStudioStudio,1BA$699
800 Towers ApartmentsStudioStudio,1BA$765
Lofts on OrmsbyStudioStudio,1BA$775
Chapel House Senior Apartments - Age 62+StudioStudio,1BA$776
M. Fine on Spring1BT4HC1BR,1BA$818
The Quad0BR/1.0BAStudio,1BA$825

Best Value Apartments for Rent in Phoenix Hill, KY

As of November 03, 2025 the best value apartment in the Phoenix Hill area is the $1.05 price per square foot 2 bedroom Model at Big 4 Station Residence in the in the Phoenix Hill neighborhood starting from $1,150. The second greatest value Phoenix Hill apartment is the One Bedroom Model at Gateway on Broadway starting at $542 with a $0.50 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for Phoenix Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Big 4 Station Residence2 bedroom2BR,1BA$1.05
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
231 Thompson Ave, Unit 231 Thompson ave231 Thompson Ave2BR,1BA$1.15
621 E Burnett Ave, Unit A621 E Burnett Ave2BR,1BA$1.00
1120 Cherokee Rd, Unit 41120 Cherokee Rd1BR,1BA$0.83
The Cornerstone2 Bedroom2BR,1BA$1.11
Derby Row | Student HousingBelmont2BR,2BA$1.02
550 S Campbell St, Unit 550550 S Campbell St2BR,1BA$0.99
1386 S 3rd St3rd Floor2BR,1BA$1.19
1704 Rowan St, Unit 21704 Rowan St3BR,1BA$1.15

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Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you Lifestyle Ratings of rentals in cities across the United States, including Louisville. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Phoenix Hill Neighborhood in Louisville, KY

Walk Score®

81 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

73 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

57 / 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 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 $825.

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

The cheapest apartment in Phoenix Hill is Gateway on Broadway which is listed at $542, while the average apartment in Phoenix Hill costs $1,522.

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 108 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 $286 which is $1,236 cheaper than the average rent for all rentals in Phoenix Hill.

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

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.