Cheap Apartments for Rent in Louisville, KY from $300 (647 Rentals)

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

property at 4116 W Broadway

4116 W Broadway

LouisvilleKY40211
property at 5501 Yucca Ln

5501 Yucca Ln

LouisvilleKY40258
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Louisville, KY Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Louisville, KY

Pricing Updated: 03/05/2025

Current apartment rentals in the Louisville, KY area range in price from $200 to $6,880 with an overall median price of $1,815. The three Louisville neighborhoods with the lowest median rent pricing are Portland at $378, Shawnee at $695, and Algonquin at $200. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Louisville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Portland$1,020$378418
Shawnee$1,097$69572
Algonquin$1,190$2006253
Cloverleaf$1,190$5352842
Fairgrounds$1,190$5352989
Hallmark$1,190$5354388
Hazelwood$1,190$5353066
Highland Park$1,190$5352433
Jacobs$1,190$5991864
Park Duvalle$1,190$6452176

Cheapest Available Louisville Apartments for Rent

 

The cheapest available apartment rental in Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over in the Phoenix Hill neighborhood priced from $200. Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $200. Here is today’s list of the most affordable Louisville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudio, 1 bathStudio,1BA$200
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$200
Brookview GlenStudioStudio,1BA$378
M. Fine on Spring2BT52BR,1BA$418
Kenwood Arms1 Bed, 1 bath1BR,1BA$620
Louisville 532 bedroom, 1 bath2BR,1BA$650
Yugo Louisville Nine4 Bed, 4 Bath Classic Balcony4BR,4BA$709
Lofts on OrmsbyStudioStudio,1BA$725
Parkside Apartments1 Bedroom 1 Bathroom1BR,1BA$745
Huntley Ridge Clarksville1 Bedroom 1 Bathroom with Balcony1BR,1BA$749

Best Value Apartments for Rent in Louisville, KY

As of March 06, 2025 the best value apartment in the Louisville area is the $0.87 price per square foot 8119 Montero Dr Model at 8119 Montero Dr in the in the Harrods Creek neighborhood starting from $2,945. The second greatest value Louisville apartment is the 3 Bedroom Townhouse W/D Hookups Model at Glenview Apartments starting at $1,359 with a $0.85 price per square foot in the Southern Indiana neighborhood. 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.
8119 Montero Dr8119 Montero Dr4BR,3BA$0.87
Glenview Apartments3 Bedroom Townhouse W/D Hookups3BR,1.5BA$0.85
3514 Grand Ave3514 Grand Ave3BR,1BA$0.91
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Hunters Run1 Bedroom, 1 Bathroom Extended1BR,1BA$0.90
535 E Kentucky St, Unit 2F535 E Kentucky St2BR,1BA$0.80
Bradford Pointe Apartments2BR/1.0BA2BR,1BA$0.87
Olde Towne VillageAshton1BR,1BA$0.87
M. Fine on Spring2BT52BR,1BA$0.45
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

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Louisville Overview

Steeped in tradition and bubbling over with an exuberant celebration of everything from bourbon to Beatles, every day feels like “Derby Day” in Louisville. Louisville's contradictions are what makes it special. While the Kentucky city boasts the historic Churchill Downs racetrack and the largest Victorian district in the nation, Louisville is also home to Fortune 500 companies -- and a quirky “indie” section that rivals even Portland’s famous alternative scene.

Why live in Louisville, KY?

Truly a wonderful place to be, life in apartments in Louisville can't be beat. There is never a shortage of excitement to get out and enjoy either. From nightlife to historic landmarks to the Kentucky Derby it's hard to ever be bored here!

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

Explore Louisville, KY Rentals by Map

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See the most popular apartments and homes in Louisville, KY

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Getting Around Louisville, KY

Walk Score®

52 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

30 / 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 Louisville Apartments

What is the Cheapest Studio apartment in Louisville?

Currently the most affordable Cheap Studio Apartment in Louisville is at The Puritan Senior Living - 62 & Over listed at $200.

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

The lowest price for a Cheap One Bedroom Louisville Apartment is $200 at Yellowwood Terrace Affordable Senior Housing.

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 $418 at M. Fine on Spring.

What is the most affordable Louisville Three Bedroom Apartment?

The best deal on a cheap Louisville Three Bedroom Apartment rental is at Southwood and starts from $1,059.

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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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.

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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.