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Cheap Apartments for Rent in the Churchill Downs Neighborhood of Louisville, KY from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Churchill Downs area of Louisville.
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Rent Specials
from $799Studio to 1 Bedroom Apartments Available Now
Vue at 3rd Street
537 S 3rd StLouisville, KY 40202
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Rent Specials
from $8291 to 3 Bedroom Apartments Available Now
Heritage Green Apartments
5103 S 1st StLouisville, KY 40214
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from $861Studio to 2 Bedroom Apartments Available Now
800 Towers Apartments
800 S 4th StLouisville, KY 40203
3016 Montana Ave
LouisvilleKY40208
3205 Utah Ave
LouisvilleKY40215
730 M St
LouisvilleKY40208
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from $9101 Bedroom Apartments Available Now
Cardinal Village Apartments
1800 S 2nd StLouisville, KY 40208
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from $9491 to 3 Bedroom Apartments Available Now
The Edwin
2814 De Mel AveLouisville, KY 40214
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from $9721 to 2 Bedroom Apartments Available Now
Flats on Fifth
430 W Muhammad Ali BlvdLouisville, KY 40202
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer
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Showing Results 1-13, Page 1 of 1
Churchill Downs, Louisville, KY Local Guide
How much does it cost to rent an apartment in Churchill Downs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Churchill Downs Studio Apartments | $1,208 | $799 | $1,443 |
| Churchill Downs 1 Bedroom Apartments | $1,327 | $829 | $1,652 |
| Churchill Downs 2 Bedroom Apartments | $1,776 | $750 | $2,395 |
| Churchill Downs 3 Bedroom Apartments | $1,476 | $599 | $2,596 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Churchill Downs Neighborhood of Louisville, KY.
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Churchill Downs, Louisville, KY Local Guide
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Cheapest Available Churchill Downs Apartments for Rent
The cheapest available apartment rental in the Churchill Downs area of Louisville, KY is a Studio unit found at Vue at 3rd Street priced from $799. Heritage Green Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $829. Here are the most affordable Churchill Downs apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Vue at 3rd Street | Studio | Studio,1BA | $799 |
| Heritage Green Apartments | The Single | 1BR,1BA | $829 |
| 800 Towers Apartments | 1x1 | 1BR,1BA | $861 |
| Cardinal Village Apartments | 1x1 | 1BR,1BA | $910 |
| The Edwin | 1 Bedroom 1 Bath | 1BR,1BA | $949 |
Best Value Apartments for Rent in Churchill Downs, KY
As of March 29, 2025 the best value apartment in the Churchill Downs area is the $1.53 price per square foot 1 Bed, 1 bath Model at The Prestonian in the in the Medical Center neighborhood starting from $1,381. The second greatest value Churchill Downs apartment is the Waterton Model at Crescent Centre starting at $1,010 with a $1.64 price per square foot in the Medical Center neighborhood. Here is today’s list of the best values for Churchill Downs apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Prestonian | 1 Bed, 1 bath | 1BR,1BA | $1.53 |
| Crescent Centre | Waterton | 1BR,1BA | $1.64 |
| 800 Towers Apartments | Studio | Studio ,1BA | $1.58 |
| The Edwin | 1 Bedroom 1 Bath | 1BR,1BA | $1.63 |
| The Yard Apartments | Studio B | Studio ,1BA | $2.42 |
| Cardinal Village Apartments | 1x1 | 1BR,1BA | $1.58 |
| Edge on Four Apartments | E1 | Studio ,1BA | $2.58 |
| Heritage Green Apartments | The Single | 1BR,1BA | $1.73 |
| Flats on Fifth | The Lindy | 1BR,1BA | $2.27 |
| Vue at 3rd Street | Studio | Studio ,1BA | $1.86 |
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Pet Friendly LifestyleChurchill Downs, Louisville, KY
Ranked #89
Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Churchill Downs Neighborhood in Louisville, KY
Walk Score®
65 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
70 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
45 / 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 Churchill Downs Apartments
What is a cheap apartment in Churchill Downs?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Churchill Downs is under $1,381.
What is the price of a cheap apartment in Churchill Downs?
The cheapest apartment in Churchill Downs is Heritage Green Apartments which is listed at $829, while the average apartment in Churchill Downs costs $1,995.
What types of apartments are the cheapest in Churchill Downs?
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 7 regular apartments in Churchill Downs 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 Churchill Downs?
Cheap apartments in Churchill Downs have an average cost of $671 which is $1,324 cheaper than the average rent for all rentals in Churchill Downs.
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.
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.
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.