
Cheap Apartments for Rent in the Phoenix Hill Neighborhood of Louisville, KY from $455 (148 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Phoenix Hill area of Louisville.


914 E Muhammad Ali Blvd

Grinstead

Grocers Ice Lofts

Park Court Apartments

The Prestonian

J.O. Blanton House - Senior Living

522 Zane St

310 at Nulu Apartments

1108 S 1st St
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.

226 W Burnett Ave

Axis on Lexington

Hampton Place

Total Monthly Price
Germantown Mill Lofts

Total Monthly Price
1111-1115 Ray Ave

Total Monthly Price
535 E Kentucky St, Unit 1F

500 E Ormsby Ave

1166 Castlevale Dr

1469 S 2nd St

1126 Milton St
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.

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

1128 S. 3rd

Vue at 3rd Street

629 W. Ormsby
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.

Cherokee Triangle

1388 S 2nd

Mayflower Apartments

Chapel House Senior Apartments - Age 62+

1345 South 3rd Street

Baptist Towers 62+ Senior Living

1215 S. 4th St

1459 Saint James Court

431 Kensington Ct

224 E Oak St
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.

1390 S. 1st

1563 S Rear St

1870 Frankfort Ave

Highland Flats

The Hillebrand House - Senior Living

S. 3rd Street, 1009

1233 S 2nd St

1406 S. 1st Street

Midland

Schiller Terrace
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 | $2,324 |
| Phoenix Hill 1 Bedroom Apartments | $1,339 | $200 | $3,350 |
| Phoenix Hill 2 Bedroom Apartments | $1,655 | $625 | $4,320 |
| Phoenix Hill 3 Bedroom Apartments | $1,950 | $995 | $4,829 |
| Phoenix Hill 4 Bedroom Apartments | $1,956 | $619 | $6,595 |
Browse Apartments in this Neighborhood
There are currently 148 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 $795.
What is the price of a cheap apartment in Phoenix Hill?
The cheapest apartment in Phoenix Hill is 1128 S. 3rd which is listed at $695, 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 146 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 $348 which is $967 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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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.

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.