Cheap Apartments for Rent in Louisville, IL from $300 (32 Rentals)
Cheap Apartments in Louisville.

6th St Apartments

Arthur Ave Apartments

Southern Meadows

Lakewood Flats

Flax Meadow Townhomes

909 Fairland St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

728 Renshaw Ave

119 Bailey Meadows

2053 Davisville Rd

404 N Carroll St

412 W Reed St

1208 W Johnson St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

730 Renshaw Ave

205 North St

220 S Main St

511 W North 2nd St

1014 W Vandeveer St

507 S Elm St

128 Shady St

1410 E Poplar St

1205 3rd St
Louisville, IL Local Guide

How much does it cost to rent an apartment in Louisville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Louisville Studio Apartments | $1,396 | $625 | $1,750 |
Louisville 1 Bedroom Apartments | $1,209 | $500 | $2,898 |
Louisville 2 Bedroom Apartments | $1,121 | $630 | $2,750 |
Louisville 3 Bedroom Apartments | $1,270 | $675 | $1,654 |
Louisville 4 Bedroom Apartments | $1,249 | $1,249 | $1,249 |
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Louisville, IL Local Guide
- Nearby Cities
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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. Arthur Ave Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $610. Here is today’s list of the most affordable Louisville apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rider Place | 1 Bedroom | 1BR,1BA | $500 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $610 |
Southern Meadows | Studio | Studio,1BA | $625 |
Mission Viejo Villas | B- Barcelona | 1BR,1BA | $870 |
1905 12th St | 2BDR | 2BR,1BA | $910 |
Melrose and Brooklyn Heights Apartments | 1 Bedroom | 1BR,1BA | $920 |
Liv at Locust Creek | Hanover | 2BR,1BA | $959 |
Westmont Apartments | 2x1 | 2BR,1BA | $975 |
Panther Heights | 2 Bed 2 Bath | 2BR,2BA | $1,080 |
Renaissance Hills | A1 | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Louisville, IL and Nearby
As of May 02, 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 The Millennium Apartments starting at $505 with a $0.41 price per square foot . Here is today’s list of the best values for Louisville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Circle Point Villas | Prime Living at Its Finest: Luxurious Stand-Alo... | 3BR,2BA | $1.07 |
The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
Centralia Estates | Unit 89 | 4BR,2BA | $1.03 |
Eagle Village Student Housing | 4x2 Single Bed Furnished | 4BR,2BA | $0.50 |
Panther Heights | 2 Bed 2 Bath | 2BR,2BA | $1.20 |
Royal Heights | 3 Person Occupancy | 3BR,1.5BA | $1.11 |
Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.07 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
Wabash Riverfront Flats | 2 bed 1 Bath | 2BR,1BA | $0.95 |
Rider Place | 1 Bedroom | 1BR,1BA | $0.92 |
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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 Rider Place and starts from $675.
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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.