Cheap Apartments for Rent in the Smoketown Neighborhood of Louisville, KY from $500 (121 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Smoketown area of Louisville.

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Cardinal Village Apartments
Rent Specials
$899 - $1,085
Total Monthly Price

Total Monthly Price

Base Rent
$714 - $900
Required Monthly Fees
$185
Total Monthly Price
$899 - $1,085
1 to 2 Bedroom Apartments Available Now

Cardinal Village Apartments

1800 S 2nd StLouisville, KY 40208
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Elevate at NULU Apartment Homes
Rent Specials
$913 - $2,011
Total Monthly Price

Total Monthly Price

Base Rent
$831 - $1,929
Required Monthly Fees
$82
Total Monthly Price
$913 - $2,011
Studio to 3 Bedroom Apartments Available Now

Elevate at NULU Apartment Homes

802 E Madison StLouisville, KY 40204
Corporate Housing
  • Verified
  • Customer Reviewed
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Maven @ 806
Rent Specials
$934 - $1,719
Total Monthly Price

Total Monthly Price

Base Rent
$934 - $1,719
Total Monthly Price
$934 - $1,719
1 to 2 Bedroom Apartments Available Now

Maven @ 806

806 E Chestnut StLouisville, KY 40204
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour

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.

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property at 839 S Jackson St

$950 - $1,700

Studio To 3 Bedroom Rentals

Available Now

839 S Jackson St

LouisvilleKY40203

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Smoketown, Louisville, KY Local Guide

Cheapest Available Smoketown Apartments for Rent

 

The cheapest available apartment rental in the Smoketown 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 Smoketown 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
Lofts on OrmsbyStudioStudio,1BA$700
Chapel House Senior Apartments - Age 62+StudioStudio,1BA$776
Germantown Village Apartments1 Bedroom1BR,1BA$799
The Quad0BR/1.0BAStudio,1BA$825
Cathedral CommonsStudioStudio,1BA$850

Best Value Apartments for Rent in Smoketown, KY

As of March 01, 2026 the best value apartment in the Smoketown area is the $1.20 price per square foot 3BR/2.0BA Model at 816 Ash St. in the in the Phoenix Hill neighborhood starting from $1,800. The second greatest value Smoketown apartment is the 4 Bed, 4 Bath Classic Pool View Model at Yugo Louisville Nine starting at $729 with a $0.52 price per square foot in the Downtown Louisville neighborhood. Here is today’s list of the best values for Smoketown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
816 Ash St.3BR/2.0BA3BR,2BA$1.20
Yugo Louisville Nine4 Bed, 4 Bath Classic Pool View4BR,4BA$0.52
Old Louisville - Oak Street Apartments2/12BR,1BA$1.05
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
535 E Kentucky St, Unit 2F535 E Kentucky St2BR,1BA$0.85
The Province (KY)2 Bed - 2 Bath2BR,2BA$1.01
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
Derby Row | Student HousingThoroughbred2BR,2BA$1.05
Germantown Village Apartments1 Bedroom1BR,1BA$1.20
1704 Rowan St, Unit 31704 Rowan St1BR,1BA$1.08

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States, including Louisville. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, pet-friendly features, places to raise kids, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Smoketown Apartments

What is a cheap apartment in Smoketown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Smoketown is under $850.

What is the price of a cheap apartment in Smoketown?

The cheapest apartment in Smoketown is Gateway on Broadway which is listed at $542, while the average apartment in Smoketown costs $1,715.

What types of apartments are the cheapest in Smoketown?

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 206 regular apartments in Smoketown 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 Smoketown?

Cheap apartments in Smoketown have an average cost of $529 which is $1,186 cheaper than the average rent for all rentals in Smoketown.

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

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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