Cheap Apartments for Rent in the University Neighborhood of Louisville, KY from $500 (27 Rentals)

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

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Old School Apartments
Studio to 1 Bedroom Apartments

Old School Apartments

422 Heywood AveLouisville, KY 40208
Senior Living
  • Utilities Included
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Wellesley Townhouses
2 Bedroom Apartments

Wellesley Townhouses

1600 S 2nd StLouisville, KY 40208
  • Utilities Included

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.

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1524 S 4th St
1 to 3 Bedroom Apartments

1524 S 4th St

1524 S 4th StLouisville, KY 40208
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Cardinal Towne
Studio to 4 Bedroom Apartments

Cardinal Towne

325 W Cardinal BlvdLouisville, KY 40208
Student Housing
  • Utilities Included
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1720 S 2nd St
2 Bedroom Apartments

1720 S 2nd St

1720 S 2nd StLouisville, KY 40208
  • Utilities Included
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1468 S 4th St
1 to 2 Bedroom Apartments

1468 S 4th St

1468 S 4th StLouisville, KY 40208
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1718 S 4th St
1 to 3 Bedroom Apartments

1718 S 4th St

1718 S 4th StLouisville, KY 40208

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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431 Kensington Ct
1 Bedroom Apartments

431 Kensington Ct

431 Kensington CtLouisville, KY 40208
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417 Kensington Ct
1 to 3 Bedroom Apartments

417 Kensington Ct

417 Kensington CtLouisville, KY 40208
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213 W Hill St
Studio Apartments

213 W Hill St

213 W Hill StLouisville, KY 40208
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217-223 W Hill St
1 to 3 Bedroom Apartments

217-223 W Hill St

217-223 W Hill StLouisville, KY 40208
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1705 4th St
1 to 2 Bedroom Apartments

1705 4th St

1705 4th StLouisville, KY 40208

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.

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1481 S 3rd St
2 Bedroom Apartments

1481 S 3rd St

1481 S 3rd StLouisville, KY 40208
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416 Belgravia Ct
1 to 2 Bedroom Apartments

416 Belgravia Ct

416 Belgravia CtLouisville, KY 40208
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1524-1530 S 2nd St
3 Bedroom Apartments

1524-1530 S 2nd St

1524-1530 S 2nd StLouisville, KY 40208
  • Utilities Included
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Reeser Court
1 Bedroom Apartments

Reeser Court

1600 S 4th StLouisville, KY 40208
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Walden Apartments
2 to 3 Bedroom Apartments

Walden Apartments

1726 S 2nd StLouisville, KY 40208
  • Utilities Included
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University View
1 Bedroom Apartments

University View

403 W Bloom StLouisville, KY 40208

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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1530 S 3rd St
Studio Apartments

1530 S 3rd St

1530 S 3rd StLouisville, KY 40208
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1460 2nd St
1 to 2 Bedroom Apartments

1460 2nd St

1460 2nd StLouisville, KY 40208

University, Louisville, KY Local Guide

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 ListingModel NameBed/BathPriced From
Cardinal Village Apartments1x1 Lower Level1BR,1BA$910
Station House ApartmentsThe Firemark1BR,1BA$1,000
TrifectaA11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1458 S 3rd St, Unit 1458 South 3rd Street1458 S 3rd St4BR,2BA$0.80
Cardinal Village Apartments1x1 with Balcony1BR,1BA$1.67
Station House ApartmentsThe Firemark1BR,1BA$1.85
TrifectaA11BR,1BA$2.20

Quick 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.

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Pet Friendly Lifestyle
University, Louisville, KY

Ranked #128

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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.

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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.

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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.

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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.

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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.