Cheap Homes for Rent in Louisville, IL from $300 (15 Rentals)

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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. 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 ListingModel NameBed/BathPriced From
Rider Place1 Bedroom1BR,1BA$500
Arthur Ave Apartments1x11BR,1BA$610
Southern MeadowsStudioStudio,1BA$625
Mission Viejo VillasA- Antiqua1BR,1BA$850
1905 12th St2BDR2BR,1BA$910

Best Value Apartments for Rent in Louisville, IL and Nearby

As of April 09, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Circle Point VillasPrime Living at Its Finest: Luxurious Stand-Alo...3BR,2BA$1.07
The Millennium Apartments3 Bedroom3BR,1BA$0.41
Eagle Village Student Housing4x2 Single Bed Furnished4BR,2BA$0.50
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.03
North ParkBerkshire2BR,1.5BA$1.05
Royal Heights3 Person Occupancy3BR,1.5BA$1.11
Mission Viejo VillasA- Antiqua1BR,1BA$1.14
Arthur Ave Apartments1x11BR,1BA$0.97
Wabash Riverfront Flats2 bed 1 Bath2BR,1BA$0.95
Rider Place1 Bedroom1BR,1BA$0.92

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Frequently Asked Questions about Louisville

What type of rentals are currently available in Louisville?

There are currently 44 Apartments for Rent in Louisville, IL with pricing that ranges from $500 to $2,990. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Louisville ranging from $290 to $2,200.

What is the current price range for Rental Homes in Louisville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Louisville ranges from $290 to $2,200 with an average monthly rent of $1,128.

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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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.

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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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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.