Cheap Homes for Rent in Downtown Louisville Neighborhood of Louisville, KY from $600 (74 Rentals)

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

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.

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Downtown Louisville - 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!

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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
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Yugo Louisville Nine4 Bed, 4 Bath Classic Balcony4BR,4BA$709
Iroquois Green1 Bedroom - With Balcony1BR,1BA$735
Rowan Place1 bedroom1BR,1BA$775
Lofts on OrmsbyStudioStudio,1BA$775
Urban FlatsA1 Layout1BR,1BA$775

Best Value Apartments for Rent in Downtown Louisville, KY

As of April 24, 2025 the best value apartment in the Downtown Louisville area is the $1.09 price per square foot 3bd Model at Jefferson Properties in the in the Downtown Louisville neighborhood starting from $1,307. The second greatest value Downtown Louisville apartment is the EP4 Model at Edison Park starting at $1,300 with a $1.08 price per square foot in the Medical Center 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.
Jefferson Properties3bd3BR,2BA$1.09
Edison ParkEP41BR,1.5BA$1.08
M. Fine on Spring2B2BT17HC2BR,2BA$0.63
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
4703 S 1st St, Unit 24703 S 1st St2BR,1BA$0.90
By the ParkTwo bedroom2BR,1BA$1.00
Yugo Louisville Nine2 Bed, 2 Bath Classic Pool View2BR,2BA$1.05
Madison Apartments2 Beds, 1 bath2BR,1BA$1.02
Rowan Place1 bedroom1BR,1BA$1.05

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Frequently Asked Questions about Downtown Louisville

What type of rentals are currently available in Downtown Louisville?

There are currently 1028 Apartments for Rent in Downtown Louisville, KY with pricing that ranges from $200 to $10,050. There are also 221 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Louisville ranging from $649 to $4,200.

What is the current price range for Rental Homes in Downtown Louisville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Louisville ranges from $649 to $4,200 with an average monthly rent of $1,694.

How much are larger Three and Four Bedroom Rentals in Downtown Louisville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Louisville range from $675 to $8,360, while Three Bedroom Homes, Condos, and Townhomes for rent range from $940 to $2,599. 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.

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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.

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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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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.

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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.