1438 S 7th St
LouisvilleKY40208
Cheap Homes for Rent in Phoenix Hill Neighborhood of Louisville, KY from $700 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Phoenix Hill area of Louisville.
614 E Chestnut St
JeffersonvilleIN47130
1612 W Market St
LouisvilleKY40203
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$1,0001 Bedroom Apartments Available Now
1106 Cherokee Rd, Unit 6
1106 Cherokee RdLouisville, KY 40204
532 E Saint Catherine St
LouisvilleKY40203
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.
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$1,0502 Bedroom Apartments Available Now
216 W Burnett Ave, Unit 226B
216 W Burnett AveLouisville, KY 40208
112 N 18th St
LouisvilleKY40203
1236 Cherokee Rd
LouisvilleKY40204
2450 Glenmary Ave
LouisvilleKY40204
1919 Baird St
LouisvilleKY40203
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.
409 W Gaulbert Ave
LouisvilleKY40208
409 W Gaulbert Ave
LouisvilleKY40208
2424 Glenmary Ave
LouisvilleKY40204
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$1,1503 Bedroom Apartments Available Now
216 W Burnett Ave, Unit 216A
216 W Burnett AveLouisville, KY 40208
1321 Rufer Ave
LouisvilleKY40204
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.
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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 | $1,606 | $750 | $3,200 |
| Phoenix Hill 3 Bedroom Homes for Rent | $1,926 | $1,100 | $2,650 |
| Phoenix Hill 4 Bedroom Homes for Rent | $2,020 | $1,300 | $2,400 |
| Phoenix Hill 5 Bedroom Homes for Rent | $2,350 | $1,800 | $2,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 15 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. The Prestonian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $543. 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 |
| The Prestonian | 1A | 1BR,1BA | $543 |
| Lofts on Ormsby | Studio | Studio,1BA | $700 |
| 800 Towers Apartments | Studio | Studio,1BA | $715 |
| Old Louisville - 1219 S 6th St | S6th01 | Studio,1BA | $795 |
Best Value Apartments for Rent in Phoenix Hill, KY
As of June 07, 2026 the best value apartment in the Phoenix Hill area is the $1.00 price per square foot 1461 S 1st St Model at 1461 S 1st St, Unit Apt 2 in the in the Phoenix Hill neighborhood starting from $1,300. The second greatest value Phoenix Hill apartment is the Julep Model at Derby Row | Student Housing starting at $649 with a $0.51 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. |
|---|---|---|---|
| 1461 S 1st St, Unit Apt 2 | 1461 S 1st St | 2BR,1BA | $1.00 |
| Derby Row | Student Housing | Julep | 4BR,4BA | $0.51 |
| Big 4 Station Residence | 3 bedroom | 3BR,1BA | $1.04 |
| 1436 S 3rd St | 1436 S 3rd St | 2BR,2BA | $1.07 |
| 535 E Kentucky St, Unit 1F | 535 E Kentucky St | 2BR,1BA | $1.20 |
| 1423 Debarr St, Unit 2 | 1423 Debarr St | 1BR,1BA | $0.96 |
| The Province (KY) | 2 Bed - 2 Bath | 2BR,2BA | $1.01 |
| Avenue Willow | 2BR/1.0BA | 2BR,1BA | $1.16 |
| 200 N 18th St, Unit 200 N 18th St | 200 N 18th St | 2BR,1BA | $1.05 |
| 800 Towers Apartments | Studio | Studio ,1BA | $1.18 |
Frequently Asked Questions about Phoenix Hill
What type of rentals are currently available in Phoenix Hill?
There are currently 810 Apartments for Rent in Phoenix Hill, KY with pricing that ranges from $200 to $6,830. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix Hill ranging from $750 to $3,200.
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 $3,200 with an average monthly rent of $1,832.
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 $950 to $5,030, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,650. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $649.
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.
Articles, How-To's, and Tips
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.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.