
Cheap Apartments for Rent in the Phoenix Hill Neighborhood of Louisville, KY from $400 (122 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Phoenix Hill area of Louisville.


Lofts of Broadway

Total Monthly Price
Main & Clay

310 at Nulu Apartments

1211 Lexington Rd

522 Zane St

Total Monthly Price
535 E Kentucky St, Unit 1F

1355 S 3rd St

118 W Saint Catherine St

Gateway on Broadway
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

The Friary

1026 S 4th St

Old Louisville - 1500 S 2nd St

Weissinger-Gaulbert Apartments

1337 S 4th St

Vue at 3rd Street

Cherokee Triangle

Mayflower Apartments

Chapel House Senior Apartments - Age 62+

Baptist Towers 62+ Senior Living
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1827 Payne St

431 Kensington Ct

1870 Frankfort Ave

Highland Flats

The Hillebrand House - Senior Living

Midland

Schiller Terrace

Cavalier Apartments

Engelhard House Apartments

1386 S 3rd St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Beecher Terrace Phase II (0680)

Friendship House - Age 62+

329 E Oak St

624 W Saint Catherine St

Old Louisville - Oak Street Apartments

947 S Brook St

Flats On Frankfort

Lucia Apartments

The Bordeaux

2014 Cherokee Pkwy
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

39 College Ct

38 College Ct

Wellesley Townhouses

747 S 5th St

Glassworks Lofts

Park Court Apartments

Avenue Willow

1202 S 3rd St

611 W Magnolia Ave

Urban Flats
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.
Phoenix Hill, Louisville, KY Local Guide

How much does it cost to rent an apartment in Phoenix Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phoenix Hill Studio Apartments | $1,083 | $200 | $2,430 |
| Phoenix Hill 1 Bedroom Apartments | $1,387 | $200 | $3,522 |
| Phoenix Hill 2 Bedroom Apartments | $1,683 | $750 | $4,365 |
| Phoenix Hill 3 Bedroom Apartments | $1,877 | $1,195 | $5,532 |
| Phoenix Hill 4 Bedroom Apartments | $2,086 | $619 | $6,630 |
Browse Apartments in this Neighborhood
There are currently 122 rentals with your search options within a 2 mile radius of the Phoenix Hill Neighborhood of Louisville, KY.
See all Apartments in LouisvilleExplore Louisville
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 800 Towers Apartments which is listed at $754, while the average apartment in Phoenix Hill costs $1,315.
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 55 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 $380 which is $935 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

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.

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.

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.

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

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.

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.

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.

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.