
Cheap Homes for Rent in Phoenix Hill Neighborhood of Louisville, KY from $700 (22 Rentals)
Search the lowest-cost Homes available for rent right now in the Phoenix Hill area of Louisville.


1525 W Ormsby Ave

1438 S 7th St

1236 S Floyd St

1464 S 9th St

1021 St Paul Ct

1215 S Preston St
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.

1215 S Preston St

1529 Anderson St

1417 S 3rd St

1464 S 9th St

114 St Catherine St

1612 W Market 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.

1842 Baird St

1842 Baird St

1033 S 2nd St

210 N 18th St

524 E Chestnut St
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.

614 N 20th St

1634 S Preston St

606 E Kentucky St

415 E Ormsby Ave
Phoenix Hill, Louisville, KY Local Guide

How much does it cost to rent a home in Phoenix Hill?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Phoenix Hill 2 Bedroom Homes for Rent | $1,690 | $750 | $8,750 |
Phoenix Hill 3 Bedroom Homes for Rent | $1,772 | $845 | $3,200 |
Phoenix Hill 4 Bedroom Homes for Rent | $2,216 | $1,600 | $3,000 |
Phoenix Hill 5 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
Phoenix Hill 6 Bedroom Homes for Rent | $849 | $849 | $849 |
Browse Homes for Rent in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Phoenix Hill Neighborhood of Louisville, KY.
Explore Louisville
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. M. Fine on Spring has the second lowest priced unit, which is a 2 Beds apartment currently listed from $418. Here are the most affordable Phoenix Hill apartments for rent in Louisville, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Puritan Senior Living - 62 & Over | Studio | Studio,1BA | $200 |
M. Fine on Spring | 2BT5 | 2BR,1BA | $418 |
Gateway on Broadway | Two Bedroom | 2BR,1BA | $542 |
Lofts on Ormsby | Studio | Studio,1BA | $725 |
The Quad | Studio – 1 Bathroom | Studio,1BA | $795 |
Best Value Apartments for Rent in Phoenix Hill, KY
As of July 30, 2025 the best value apartment in the Phoenix Hill area is the $1.19 price per square foot EP9 Model at Edison Park in the in the Medical Center neighborhood starting from $1,995. The second greatest value Phoenix Hill apartment is the 1646 Lucia Ave Model at 1646 Lucia Ave, Unit 4 starting at $1,350 with a $1.13 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Edison Park | EP9 | 2BR,2.5BA | $1.19 |
1646 Lucia Ave, Unit 4 | 1646 Lucia Ave | 2BR,1BA | $1.13 |
The Cornerstone | 3 Bedroom | 3BR,1BA | $1.00 |
M. Fine on Spring | 2B2BT17HC | 2BR,2BA | $0.63 |
1524 S 4th St | 3 Beds, 1.5 Baths | 3BR,1.5BA | $1.14 |
Gateway on Broadway | One Bedroom | 1BR,1BA | $0.50 |
816-818 Rubel Ave | Three Bedroom | 3BR,1BA | $0.58 |
425 Shelby Pkwy, Unit 3 | 425 Shelby Pkwy | 2BR,1BA | $1.19 |
Elevate at NULU Apartment Homes | Beyond | 2BR,1BA | $1.20 |
Derby Row | Student Housing | Thoroughbred | 2BR,2BA | $1.00 |
Frequently Asked Questions about Phoenix Hill
What type of rentals are currently available in Phoenix Hill?
There are currently 793 Apartments for Rent in Phoenix Hill, KY with pricing that ranges from $200 to $7,010. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix Hill ranging from $700 to $8,750.
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 $700 to $8,750 with an average monthly rent of $1,573.
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 $999 to $5,720, while Three Bedroom Homes, Condos, and Townhomes for rent range from $845 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $2,250.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.