Cheap Apartments for Rent in the Downtown Louisville Neighborhood of Louisville, KY from $400 (143 Rentals)

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

property at 947 S Brook St

947 S Brook St

LouisvilleKY40203
property at 952 S Floyd St

952 S Floyd St

LouisvilleKY40203
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Downtown Louisville, Louisville, KY Local Guide

Cheapest Available Downtown Louisville Apartments for Rent

 

The cheapest available apartment rental in the Downtown Louisville area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. M. Fine on Spring has the second lowest priced unit, which is a 2 Beds apartment currently listed from $418. Here are the most affordable Downtown Louisville apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudio, 1 bathStudio,1BA$200
M. Fine on Spring2BT52BR,1BA$418
The Prestonian1 Bed, 1 bath1BR,1BA$476
Yugo Louisville Nine4 Bed, 4 Bath Classic Balcony4BR,4BA$709
Lofts on OrmsbyStudioStudio,1BA$725
Rowan Place1 bedroom1BR,1BA$775
The QuadStudio – 1 BathroomStudio,1BA$795

Best Value Apartments for Rent in Downtown Louisville, KY

As of February 27, 2025 the best value apartment in the Downtown Louisville area is the $1.00 price per square foot 1418 S Floyd St Model at 1418 S Floyd St, Unit 3 in the in the Phoenix Hill neighborhood starting from $1,200. The second greatest value Downtown Louisville apartment is the 2101 Saint Xavier St Model at 2101 Saint Xavier St, Unit 1F starting at $895 with a $0.81 price per square foot in the Portland neighborhood. Here is today’s list of the best values for Downtown Louisville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1418 S Floyd St, Unit 31418 S Floyd St2BR,1BA$1.00
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Big 4 Station Residence2 bedroom2BR,1BA$1.05
By the ParkTwo bedroom2BR,1BA$1.00
535 E Kentucky St, Unit 2F535 E Kentucky St2BR,1BA$0.80
4703 S 1st St, Unit 24703 S 1st St2BR,1BA$1.00
Bradford Pointe Apartments2BR/1.0BA2BR,1BA$0.87
M. Fine on Spring2BT52BR,1BA$0.45
The Prestonian1 Bed, 1 bath1BR,1BA$0.53
Madison Apartments2 Beds, 1 bath2BR,1BA$1.02

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Pet Friendly Lifestyle
Downtown Louisville, Louisville, KY

Ranked #9

Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Louisville, Louisville, KY

School data provided by Great Schools

Best Local Schools in
Downtown Louisville, Louisville, KY

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Louisville, KY. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Louisville Apartments

What is the Cheapest Studio apartment in Downtown Louisville?

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

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

The lowest price for a Cheap One Bedroom Downtown Louisville Apartment is $476 at The Prestonian.

What is the lowest price for a Cheap Two Bedroom Downtown Louisville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Louisville is starting from $418 at M. Fine on Spring.

What is the most affordable Downtown Louisville Three Bedroom Apartment?

The best deal on a cheap Downtown Louisville Three Bedroom Apartment rental is at The Prestonian and starts from $651.

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 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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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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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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.