Cheap Apartments for Rent in the Phoenix Hill Neighborhood of Louisville, KY from $400 (103 Rentals)

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

property at 1704 Rowan St

$699 - $850

1 To 3 Bedroom Rentals

Available Now

1704 Rowan St

LouisvilleKY40203

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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. Vue at 3rd Street has the second lowest priced unit, which is a Studio apartment currently listed from $699. 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
Vue at 3rd StreetStudioStudio,1BA$699
Lofts on OrmsbyStudioStudio,1BA$700
800 Towers ApartmentsStudioStudio,1BA$715
The Quad0BR/1.0BAStudio,1BA$825
Germantown Village Apartments1 Bedroom1BR,1BA$829
Beecher Terrace Phase II (0680)1 Bedroom*1BR,1BA$861

Best Value Apartments for Rent in Phoenix Hill, KY

As of May 06, 2026 the best value apartment in the Phoenix Hill area is the $1.07 price per square foot 705 Rubel Ave Model at 705 Rubel Ave, Unit B in the in the Phoenix Hill neighborhood starting from $1,600. The second greatest value Phoenix Hill apartment is the 3 bedroom Model at Big 4 Station Residence starting at $1,295 with a $1.04 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.
705 Rubel Ave, Unit B705 Rubel Ave2BR,2BA$1.07
Big 4 Station Residence3 bedroom3BR,1BA$1.04
535 E Kentucky St, Unit 1F535 E Kentucky St2BR,1BA$1.20
1436 S 3rd St, Unit #11436 S 3rd St1BR,1BA$1.05
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
Derby Row | Student HousingThoroughbred2BR,2BA$1.05
307 Woodbine St, Unit 3307 Woodbine St1BR,1BA$1.11
Germantown Village Apartments1 Bedroom1BR,1BA$1.25
1704 Rowan St, Unit 31704 Rowan St1BR,1BA$1.08
800 Towers ApartmentsStudioStudio ,1BA$1.18

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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!

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 $861.

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

The cheapest apartment in Phoenix Hill is Vue at 3rd Street which is listed at $799, while the average apartment in Phoenix Hill costs $2,675.

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 58 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 $427 which is $2,248 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

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