
Cheap Apartments for Rent in the Phoenix Hill Neighborhood of Louisville, KY from $400 (157 Rentals) Page 2 of 4
Search the lowest-cost Apartments available for rent right now in the Phoenix Hill area of Louisville.


Maven @ 806

Guthrie-Coke Lofts

Grocers Ice Lofts

The Avenue in the Highlands

216 W Burnett Ave, Unit 226B

J.O. Blanton House - Senior Living

1304 S Brook St

Whiskey Row Lofts

Lofts of 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.

1311 S 3rd St

Hampton Place

310 at Nulu Apartments

216 W Burnett Ave, Unit 216A

Total Monthly Price
535 E Kentucky St, Unit 1F

517 St Catherine St

1229 Eastern Pkwy

12 College Ct

Century Baxter Ave

The Yard Apartments
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.

Axis on Lexington

1009 Everett Ave

1500 S Hancock St

Edge on 4

1300 S 3rd St

Total Monthly Price
Bradford Mills Lofts

1135 S 2nd St

518 Camp St

518-520 Camp St

1105 S 1st St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

500 E Ormsby Ave

118 W Saint Catherine St

Gateway on Broadway

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
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Mayflower Apartments

Chapel House Senior Apartments - Age 62+

Baptist Towers 62+ Senior Living

1827 Payne St

431 Kensington Ct

1870 Frankfort Ave

Highland Flats

The Hillebrand House - Senior Living

Midland

Schiller Terrace
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!
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 | $1,092 | $200 | $3,065 |
| Phoenix Hill 1 Bedroom Apartments | $1,439 | $200 | $3,444 |
| Phoenix Hill 2 Bedroom Apartments | $1,767 | $652 | $4,479 |
| Phoenix Hill 3 Bedroom Apartments | $1,828 | $950 | $4,934 |
| Phoenix Hill 4 Bedroom Apartments | $2,132 | $669 | $6,710 |
Browse Apartments in this Neighborhood
There are currently 157 rentals with your search options within a 2 mile radius of the Phoenix Hill Neighborhood of Louisville, KY.
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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 $852.
What is the price of a cheap apartment in Phoenix Hill?
The cheapest apartment in Phoenix Hill is The Prestonian which is listed at $543, while the average apartment in Phoenix Hill costs $1,640.
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 57 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 $363 which is $1,277 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

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.

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.

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.

Bourbon, Baseball, and the Blues: Your Insiders 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.
Articles, How-To's, and Tips

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.