
Cheap Apartments for Rent in the University Neighborhood of Louisville, KY from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Louisville.


213 W Hill St

The Reynolds Lofts

Old Louisville - 1500 S 2nd St

1524 S 4th St

1718 S 4th 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.

1468 S 4th St

431 Kensington Ct

417 Kensington Ct

1525-1541 S 4th St

416 Belgravia Ct

1705 4th 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.

217-223 W Hill St

1481 S 3rd St

Annex of Station House Square Apartments

1460 2nd St

1530 S 3rd St

Station House Apartments
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.

Old School Apartments

Wellesley Townhouses

Cardinal Towne

1720 S 2nd St

The Belknap Apartments

1524-1530 S 2nd 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.

Reeser Court

Walden Apartments
University, Louisville, KY Local Guide

How much does it cost to rent an apartment in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Studio Apartments | $908 | $625 | $1,019 |
| University 1 Bedroom Apartments | $1,062 | $725 | $1,199 |
| University 2 Bedroom Apartments | $877 | $759 | $975 |
| University 3 Bedroom Apartments | $723 | $675 | $739 |
| University 4 Bedroom Apartments | $721 | $714 | $729 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the University Neighborhood of Louisville, KY.
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University, Louisville, KY Local Guide
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Cheapest Available University Apartments for Rent
 The cheapest available apartment rental in the University area of Louisville, KY is a 1 Bed unit found at Cardinal Village Apartments priced from $899. Trifecta has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,079. Here are the most affordable University apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cardinal Village Apartments | 1x1 Lower Level | 1BR,1BA | $899 |
| Trifecta | A1 | 1BR,1BA | $1,079 |
| Station House Apartments | The Ladder | 2BR,2BA | $1,250 |
Best Value Apartments for Rent in University, KY
As of January 31, 2026 the best value apartment in the University area is the $0.52 price per square foot 4 Bed, 4 Bath Classic Pool View Model at Yugo Louisville Nine in the in the Downtown Louisville neighborhood starting from $729. The second greatest value University apartment is the 2 Bed - 2 Bath Model at The Province (KY) starting at $899 with a $1.01 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Yugo Louisville Nine | 4 Bed, 4 Bath Classic Pool View | 4BR,4BA | $0.52 |
| The Province (KY) | 2 Bed - 2 Bath | 2BR,2BA | $1.01 |
| Station House Apartments | The Ladder | 2BR,2BA | $1.54 |
| Cardinal Village Apartments | 1x1 with Balcony | 1BR,1BA | $1.79 |
| Trifecta | A1 | 1BR,1BA | $2.10 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleThe 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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in University, Louisville, KY
School data provided by Great Schools
Frequently Asked Questions about Cheap University Apartments
What is the price of a cheap apartment in University?
The cheapest apartment in University is Cardinal Village Apartments which is listed at $899, while the average apartment in University costs $1,130.
What types of apartments are the cheapest in University?
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 18 regular apartments in University that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.