
Cheap Homes for Rent in University Neighborhood of Louisville, KY from $600 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Louisville.

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.

2813 S 5th 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.
University, Louisville, KY Local Guide

How much does it cost to rent a home in University?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
University 2 Bedroom Homes for Rent | $1,025 | $900 | $1,150 |
University 3 Bedroom Homes for Rent | $1,275 | $1,050 | $1,500 |
Browse Homes for Rent in this Neighborhood
There are currently 2 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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Best Value Apartments for Rent in University, KY
As of September 14, 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
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.
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 University
What type of rentals are currently available in University?
There are currently 115 Apartments for Rent in University, KY with pricing that ranges from $535 to $2,025. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $695 to $1,500.
What is the current price range for Rental Homes in University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University ranges from $695 to $1,500 with an average monthly rent of $1,082.
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.