Cheap Homes for Rent in Phoenix Hill Neighborhood of Louisville, KY from $700 (12 Rentals)

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

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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
The Prestonian1B1BR,1BA$700
Lofts on OrmsbyStudioStudio,1BA$775

Best Value Apartments for Rent in Phoenix Hill, KY

As of December 30, 2025 the best value apartment in the Phoenix Hill area is the $1.04 price per square foot 3 bedroom Model at Big 4 Station Residence in the in the Phoenix Hill neighborhood starting from $1,295. The second greatest value Phoenix Hill apartment is the 2B2BT17HC Model at M. Fine on Spring starting at $1,196 with a $1.08 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 Residence3 bedroom3BR,1BA$1.04
M. Fine on Spring2B2BT17HC2BR,2BA$1.08
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
535 E Kentucky St, Unit 2F535 E Kentucky St2BR,1BA$0.85
The Cornerstone2 Bedroom2BR,1BA$1.11
A Little Holiday Wish Come True: No rent until January!1BR/1.0BA1BR,1BA$1.16
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
Derby Row | Student HousingBelmont2BR,2BA$1.05
1239 S Brook St, Unit 21239 S Brook St1BR,1BA$0.93
The Prestonian1A-HV1BR,1BA$1.15

Frequently Asked Questions about Phoenix Hill

What type of rentals are currently available in Phoenix Hill?

There are currently 802 Apartments for Rent in Phoenix Hill, KY with pricing that ranges from $200 to $9,370. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix Hill ranging from $750 to $3,250.

What is the current price range for Rental Homes in Phoenix Hill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Phoenix Hill ranges from $750 to $3,250 with an average monthly rent of $1,570.

How much are larger Three and Four Bedroom Rentals in Phoenix Hill?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Phoenix Hill range from $739 to $6,880, while Three Bedroom Homes, Condos, and Townhomes for rent range from $837 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,370 and Four Bedroom Apartments start at $599.

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.

Articles, How-To's, and Tips

decorative image for The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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.

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.