
Cheap Homes for Rent in Phoenix Hill Neighborhood of Louisville, KY from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Phoenix Hill area of Louisville.


1525 W Ormsby Ave

514 W Oak St

1509 W Jefferson St

1215 S Preston St

1529 Anderson 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.

1528 Wilson Ave

1528 Wilson Ave

1612 W Market St

428 Locust St

1842 Baird St

614 N 20th 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.
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 | $1,634 | $750 | $3,250 |
| Phoenix Hill 3 Bedroom Homes for Rent | $1,814 | $837 | $2,600 |
| Phoenix Hill 4 Bedroom Homes for Rent | $2,532 | $2,370 | $2,695 |
| Phoenix Hill 5 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
| Phoenix Hill 6 Bedroom Homes for Rent | $849 | $849 | $849 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Phoenix Hill Neighborhood of Louisville, KY.
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Puritan Senior Living - 62 & Over | Studio | Studio,1BA | $200 |
| Gateway on Broadway | Two Bedroom | 2BR,1BA | $542 |
| Vue at 3rd Street | Studio | Studio,1BA | $699 |
| The Prestonian | 1B | 1BR,1BA | $700 |
| Lofts on Ormsby | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Big 4 Station Residence | 3 bedroom | 3BR,1BA | $1.04 |
| M. Fine on Spring | 2B2BT17HC | 2BR,2BA | $1.08 |
| Gateway on Broadway | One Bedroom | 1BR,1BA | $0.50 |
| 535 E Kentucky St, Unit 2F | 535 E Kentucky St | 2BR,1BA | $0.85 |
| The Cornerstone | 2 Bedroom | 2BR,1BA | $1.11 |
| A Little Holiday Wish Come True: No rent until January! | 1BR/1.0BA | 1BR,1BA | $1.16 |
| Glassworks Lofts | 1 Bedroom - 1 Bathroom | 1BR,1BA | $1.21 |
| Derby Row | Student Housing | Belmont | 2BR,2BA | $1.05 |
| 1239 S Brook St, Unit 2 | 1239 S Brook St | 1BR,1BA | $0.93 |
| The Prestonian | 1A-HV | 1BR,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

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.

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.

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.

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.