Cheap Homes for Rent in Smoketown Neighborhood of Louisville, KY from $700 (25 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1618 Ellwood Ave

$950 - $1,750

Studio To 2 Bedroom Rentals

Available Now

1618 Ellwood Ave

LouisvilleKY40204

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.

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.

property at 409 W Gaulbert Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

409 W Gaulbert Ave

LouisvilleKY40208
property at 1552 Gallagher St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

3 Bedroom, 1.5 Bath Home for Rent

Available Now

1552 Gallagher St

LouisvilleKY40210

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.

property at 570 Lilly Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

570 Lilly Ave

LouisvilleKY40217

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.

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. The Prestonian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $543. 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
The Prestonian1A1BR,1BA$543
Lofts on OrmsbyStudioStudio,1BA$700
800 Towers ApartmentsStudioStudio,1BA$715
AVIA North ShoreStudioStudio,1BA$799

Best Value Apartments for Rent in Smoketown, KY

As of May 20, 2026 the best value apartment in the Smoketown area is the $0.48 price per square foot Julep Model at Derby Row | Student Housing in the in the Phoenix Hill neighborhood starting from $609. The second greatest value Smoketown apartment is the 535 E Kentucky St Model at 535 E Kentucky St, Unit 1F starting at $1,195 with a $1.20 price per square foot in the Medical Center 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.
Derby Row | Student HousingJulep4BR,4BA$0.48
535 E Kentucky St, Unit 1F535 E Kentucky St2BR,1BA$1.20
1436 S 3rd St, Unit #11436 S 3rd St1BR,1BA$1.05
1423 Debarr St, Unit 21423 Debarr St1BR,1BA$0.84
The Province (KY)2 Bed - 2 Bath2BR,2BA$1.01
A Little Holiday Wish Come True: No rent until January!2BR/1.0BA2BR,1BA$1.16
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
307 Woodbine St, Unit 3307 Woodbine St1BR,1BA$1.11
1704 Rowan St, Unit 31704 Rowan St1BR,1BA$1.08
800 Towers ApartmentsStudioStudio ,1BA$1.18

Frequently Asked Questions about Smoketown

What type of rentals are currently available in Smoketown?

There are currently 824 Apartments for Rent in Smoketown, KY with pricing that ranges from $200 to $8,025. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Smoketown ranging from $750 to $4,500.

What is the current price range for Rental Homes in Smoketown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Smoketown ranges from $750 to $4,500 with an average monthly rent of $1,668.

How much are larger Three and Four Bedroom Rentals in Smoketown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Smoketown range from $850 to $6,427, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $629.

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

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.

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

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.

decorative image for Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers article

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.