Cheap Apartments for Rent in Louisville, IL from $300 (29 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Highland
1 to 3 Bedroom Apartments

Highland

1526 Edgar DrCharleston, IL 61920
close
View Me
Sugar Creek Crossing
1 to 2 Bedroom Apartments

Sugar Creek Crossing

211 Joanie LnRobinson, IL 62454
Senior Living
Utilities inc.
close
View Me
McKay Manor
3 Bedroom Apartments

McKay Manor

1 McKay Manor DrBreese, IL 62230
close
View Me
Newton Senior Housing
1 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
Utilities inc.
close
View Me
418 W Webster St
$8002 Bedroom, 1 Bath RentalsAvailable Now

418 W Webster St

Benton, IL 62812
View Details
Showing Results 1-29, Page 1 of 1

Louisville, IL Local Guide

Cheapest Available Louisville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Louisville, IL is a 1 Bed unit found at Rider Place priced from $500. McKay Manor has the second lowest priced unit, which is a 3 Beds apartment currently listed from $564. Here is today’s list of the most affordable Louisville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rider Place1 Bedroom1BR,1BA$500
McKay Manor3 Bedroom3BR,2BA$564
Arthur Ave Apartments1x11BR,1BA$610
Southern MeadowsStudioStudio,1BA$625
Lakewood Flats and Townhomes1 Bedroom Deluxe1BR,1BA$710
Elmdale Apartments1 bed 1 bath1BR,1BA$795
Chesterfield VillageStudioStudio,1BA$839
Mission Viejo VillasA- Antiqua1BR,1BA$850
The Raymond ApartmentsTwo bedroom2BR,1BA$850
1905 12th St2BDR2BR,1BA$910

Best Value Apartments for Rent in Louisville, IL and Nearby

As of February 21, 2025 the best value apartment in the Louisville area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the starting from $1,650. The second greatest value Louisville apartment is the 3 Bedroom Model at McKay Manor starting at $564 with a $0.45 price per square foot . Here is today’s list of the best values for Louisville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Circle Point VillasPrime Living at Its Finest: Luxurious Stand-Alo...3BR,2BA$1.07
McKay Manor3 Bedroom3BR,2BA$0.45
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.01
North ParkBerkshire2BR,1.5BA$1.11
The Raymond ApartmentsTwo bedroom2BR,1BA$1.00
Lakewood Flats and Townhomes2 Bedroom2BR,1BA$0.96
Arthur Ave Apartments1x11BR,1BA$0.97
Wabash Riverfront Flats2 bed 1 Bath2BR,1BA$0.95
Rider Place1 Bedroom1BR,1BA$0.92

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Louisville, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Louisville, IL

View MapLouisville, IL Apartments MapView MapLouisville, IL Rental Homes Map

Getting Around Louisville, IL

Walk Score®

21 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

34 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Louisville Apartments

What is the Cheapest Studio apartment in Louisville?

Currently the most affordable Cheap Studio Apartment in Louisville is at Southern Meadows listed at $625.

How much is rent for a Cheap One Bedroom Louisville Apartment?

The lowest price for a Cheap One Bedroom Louisville Apartment is $500 at Rider Place.

What is the lowest price for a Cheap Two Bedroom Louisville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Louisville is starting from $630 at Rider Place.

What is the most affordable Louisville Three Bedroom Apartment?

The best deal on a cheap Louisville Three Bedroom Apartment rental is at McKay Manor and starts from $564.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.