Cheap Homes for Rent in Algonquin Neighborhood of Louisville, KY from $600 (42 Rentals)

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Search the lowest-cost Homes available for rent right now in the Algonquin area of Louisville.

property at 1048 S 36th St

1048 S 36th St

LouisvilleKY40211

Algonquin

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

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Algonquin, Louisville, KY Local Guide

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 ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudio, 1 bathStudio,1BA$200
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Yugo Louisville Nine4 Bed, 4 Bath Classic Balcony4BR,4BA$709
Lofts on OrmsbyStudioStudio,1BA$775
Vue at 3rd StreetStudioStudio,1BA$799
Urban FlatsA Layout1BR,1BA$815
Vesta Derby Oaks (Patriot Derby)B1 UPG2BR,1BA$850
Cathedral CommonsStudioStudio,1BA$850

Best Value Apartments for Rent in Algonquin, KY

As of April 11, 2025 the best value apartment in the Algonquin area is the $1.23 price per square foot 1445 S 3rd St Model at 1445 S 3rd St, Unit 7 in the in the Phoenix Hill neighborhood starting from $4,900. The second greatest value Algonquin apartment is the One Bedroom Model at Gateway on Broadway starting at $542 with a $0.50 price per square foot in the Portland neighborhood. Here is today’s list of the best values for Algonquin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1445 S 3rd St, Unit 71445 S 3rd St6BR,3BA$1.23
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
Yugo Louisville Nine2 Bed, 2 Bath Classic Pool View2BR,2BA$1.05
4002 Southern Pky, Unit 24002 Southern Pky2BR,1BA$1.40
The Cornerstone1 Bedroom1BR,1BA$1.29
307 Woodbine St, Unit 3307 Woodbine St1BR,1BA$1.11
Cathedral CommonsStudioStudio ,1BA$1.21
Crescent Centre Apartments & TownhomesOne Bedroom-699 sqft1BR,1BA$1.43
The St. Francis Apartments1BR1BA1BR,1BA$1.32
1239 S Brook St, Unit 11239 S Brook St1BR,1BA$0.94

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Frequently Asked Questions about Algonquin

What type of rentals are currently available in Algonquin?

There are currently 587 Apartments for Rent in Algonquin, KY with pricing that ranges from $200 to $6,880. There are also 136 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $600 to $4,200.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Algonquin ranges from $600 to $4,200 with an average monthly rent of $1,843.

How much are larger Three and Four Bedroom Rentals in Algonquin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Algonquin range from $650 to $6,880, while Three Bedroom Homes, Condos, and Townhomes for rent range from $940 to $1,701. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $535.

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 The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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.

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.

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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.