
Cheap Apartments for Rent in the Algonquin Neighborhood of Louisville, KY from $300 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in the Algonquin area of Louisville.


Gateway on Broadway

The Chalet Village Apartment Community

666 S 27th St

4116 W Broadway

Wilart Arms Apartments

307 Woodbine St

307 Woodbine St, Unit 3

Lofts on Ormsby

3016 Montana Ave
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.

2724 Garland Ave

1516 S 2nd St

1144 S 3rd St

Vue at 3rd Street

947 S Brook St

2816 W Kentucky St

Vesta Derby Oaks (Patriot Derby)

Cathedral Commons

York Towers Apartments
Algonquin - One of the Best Affordable Neighborhoods in Louisville
Named as one of the Best Affordable Neighborhoods to rent in Louisville by our Louisville, KY Local Expert Mike Heuer. See how it ranks!

1215 S 1st St

J.O. Blanton House - Senior Living

The St. Francis Apartments

952 S Floyd St

732 S 32nd St

4113 S 3rd St

The Cornerstone

730 M St

West Louisville - 1836 Algonquin Pkwy

The Hillebrand House - Senior Living

Chapel House Senior Apartments - Age 62+
Algonquin, Louisville, KY Local Guide

How much does it cost to rent an apartment in Algonquin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Algonquin Studio Apartments | $1,178 | $200 | $2,822 |
Algonquin 1 Bedroom Apartments | $1,293 | $200 | $3,092 |
Algonquin 2 Bedroom Apartments | $1,457 | $542 | $4,490 |
Algonquin 3 Bedroom Apartments | $1,329 | $675 | $5,105 |
Algonquin 4 Bedroom Apartments | $1,195 | $535 | $1,675 |
Browse Apartments in this Neighborhood
There are currently 51 rentals with your search options within a 2 mile radius of the Algonquin Neighborhood of Louisville, KY.
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Algonquin, Louisville, KY Local Guide
- Nearby Louisville neighborhoods
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Cheapest Available Algonquin Apartments for Rent
 The cheapest available apartment rental in the Algonquin area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. Gateway on Broadway has the second lowest priced unit, which is a 2 Beds apartment currently listed from $542. Here are the most affordable Algonquin apartments for rent in Louisville, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Puritan Senior Living - 62 & Over | Studio | Studio,1BA | $200 |
Gateway on Broadway | Two Bedroom | 2BR,1BA | $542 |
Yugo Louisville Nine | 4 Bed, 4 Bath Classic Balcony | 4BR,4BA | $709 |
Lofts on Ormsby | Studio | Studio,1BA | $775 |
Urban Flats | A1 Layout | 1BR,1BA | $775 |
Vue at 3rd Street | Studio | Studio,1BA | $799 |
Vesta Derby Oaks (Patriot Derby) | B1 UPG | 2BR,1BA | $850 |
Cathedral Commons | Studio | Studio,1BA | $850 |
York Towers Apartments | Studio | Studio,1BA | $874 |
Best Value Apartments for Rent in Algonquin, KY
As of April 27, 2025 the best value apartment in the Algonquin area is the $0.50 price per square foot One Bedroom Model at Gateway on Broadway in the in the Portland neighborhood starting from $542. The second greatest value Algonquin apartment is the 1 Bed, 1 bath Model at The Prestonian starting at $1,381 with a $1.53 price per square foot in the Medical Center neighborhood. Here is today’s list of the best values for Algonquin apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Gateway on Broadway | One Bedroom | 1BR,1BA | $0.50 |
The Prestonian | 1 Bed, 1 bath | 1BR,1BA | $1.53 |
Station House Apartments | 2BR/2.0BA | 2BR,2BA | $1.51 |
Yugo Louisville Nine | 2 Bed, 2 Bath Classic Pool View | 2BR,2BA | $1.05 |
Hampton Place | Two Bedroom Apartment | 2BR,1BA | $1.54 |
Cathedral Commons | Studio | Studio ,1BA | $1.21 |
307 Woodbine St, Unit 3 | 307 Woodbine St | 1BR,1BA | $1.11 |
The Cornerstone | 1 Bedroom | 1BR,1BA | $1.29 |
The St. Francis Apartments | 1BR1BA | 1BR,1BA | $1.32 |
800 Towers Apartments | Studio | Studio ,1BA | $1.51 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleAlgonquin, Louisville, KY
Ranked #115
Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Algonquin, Louisville, KY
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States and customized analysis for Central Louisville, KY. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. These search options are in the site filters at the top of this page.
Getting Around the Algonquin Neighborhood in Louisville, KY
Walk Score®
53 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
43 / 100
Some Transit
A few nearby public transportation options
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 Algonquin Apartments
What is a cheap apartment in Algonquin?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Algonquin is under $874.
What is the price of a cheap apartment in Algonquin?
The cheapest apartment in Algonquin is Gateway on Broadway which is listed at $542, while the average apartment in Algonquin costs $1,660.
What types of apartments are the cheapest in Algonquin?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 69 regular apartments in Algonquin that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Algonquin?
Cheap apartments in Algonquin have an average cost of $195 which is $1,465 cheaper than the average rent for all rentals in Algonquin.
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.

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.

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.