2725 S 4th St
LouisvilleKY40208
Cheap Apartments for Rent in the University Neighborhood of Louisville, KY from $500 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Louisville.
502 Belgravia Ct
LouisvilleKY40208
319 W Lee St
LouisvilleKY40208
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.
1829 S 3rd St
LouisvilleKY40208
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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.
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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 | $900 | $625 | $1,019 |
| University 1 Bedroom Apartments | $1,035 | $650 | $1,199 |
| University 2 Bedroom Apartments | $923 | $759 | $1,250 |
| University 3 Bedroom Apartments | $858 | $675 | $1,450 |
| University 4 Bedroom Apartments | $721 | $714 | $729 |
Browse Apartments in this Neighborhood
There are currently 7 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 $910. Station House Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. 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 | $910 |
| Station House Apartments | The Firemark | 1BR,1BA | $1,000 |
| Trifecta | A1 | 1BR,1BA | $1,079 |
Best Value Apartments for Rent in University, KY
As of December 27, 2025 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 402 W Hill St Model at 402 W Hill St, Unit 402 starting at $1,450 with a $1.26 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 |
| 402 W Hill St, Unit 402 | 402 W Hill St | 3BR,1.5BA | $1.26 |
| Cardinal Village Apartments | 1x1 with Balcony | 1BR,1BA | $1.67 |
| Station House Apartments | The Firemark | 1BR,1BA | $1.85 |
| 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.
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The 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
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Pet Friendly LifestyleUniversity, Louisville, KY
Ranked #128
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 $910, 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 10 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.
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.