
Cheap Apartments for Rent in the University Neighborhood of Louisville, KY from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Louisville.

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Annex of Station House Square 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 | $981 | $929 | $1,034 |
University 1 Bedroom Apartments | $1,040 | $691 | $1,199 |
University 2 Bedroom Apartments | $1,082 | $765 | $1,530 |
University 3 Bedroom Apartments | $933 | $675 | $2,025 |
University 4 Bedroom Apartments | $830 | $535 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 27 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
- Nearby Louisville neighborhoods
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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 | $1,135 |
Best Value Apartments for Rent in University, KY
As of September 11, 2025 the best value apartment in the University area is the $0.80 price per square foot 1458 S 3rd St Model at 1458 S 3rd St, Unit 1458 South 3rd Street in the in the Phoenix Hill neighborhood starting from $2,000. The second greatest value University apartment is the 1x1 with Balcony Model at Cardinal Village Apartments starting at $960 with a $1.67 price per square foot in the Downtown Louisville 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. |
---|---|---|---|
1458 S 3rd St, Unit 1458 South 3rd Street | 1458 S 3rd St | 4BR,2BA | $0.80 |
Cardinal Village Apartments | 1x1 with Balcony | 1BR,1BA | $1.67 |
Station House Apartments | The Firemark | 1BR,1BA | $1.85 |
Trifecta | A1 | 1BR,1BA | $2.20 |
Quick Rent Budget Calculator
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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
Getting Around the University Neighborhood in Louisville, KY
Walk Score®
74 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
79 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
50 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,142.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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 Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.