Cheap Apartments for Rent in the Fairgrounds Neighborhood of Louisville, KY from $500 (21 Rentals)

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

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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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Douglas Park Apartments
1 to 3 Bedroom Apartments

Douglas Park Apartments

401 Douglas ParkLouisville, KY 40214
  • Utilities Included
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Nightingale Apartments
2 Bedroom Apartments

Nightingale Apartments

1447 Nightingale RdLouisville, KY 40213
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Old School Apartments
Studio Apartments

Old School Apartments

422 Heywood AveLouisville, KY 40208
Senior Living
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431 Kensington Ct
1 Bedroom Apartments

431 Kensington Ct

431 Kensington CtLouisville, KY 40208
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1524 S 4th St
1 Bedroom Apartments

1524 S 4th St

1524 S 4th StLouisville, KY 40208

Louisville's Best Affordable Neighborhoods

Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

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Bellevue Arms
1 Bedroom Apartments

Bellevue Arms

4652 Bellevue AveLouisville, KY 40215
  • Utilities Included

Fairgrounds, Louisville, KY Local Guide

Cheapest Available Fairgrounds Apartments for Rent

 

The cheapest available apartment rental in the Fairgrounds area of Louisville, KY is a 4 Beds unit found at Yugo Louisville Nine priced from $709. Lofts on Ormsby has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable Fairgrounds apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Yugo Louisville Nine4 Bed, 4 Bath Classic Balcony4BR,4BA$709
Lofts on OrmsbyStudioStudio,1BA$775
Heritage Green ApartmentsThe Single1BR,1BA$829
Poplar TerraceStudioStudio,1BA$839
Vesta Derby Oaks (Patriot Derby)B1 UPG2BR,1BA$850

Best Value Apartments for Rent in Fairgrounds, KY

As of April 24, 2025 the best value apartment in the Fairgrounds 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 Fairgrounds apartment is the 4703 S 1st St Model at 4703 S 1st St, Unit 2 starting at $900 with a $0.90 price per square foot in the Downtown Louisville neighborhood. Here is today’s list of the best values for Fairgrounds 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
4703 S 1st St, Unit 24703 S 1st St2BR,1BA$0.90
4824 S 3rd St, Unit #2 upstairs4824 S 3rd St2BR,1BA$1.28
4822 S 3rd St, Unit #1 downstairs4822 S 3rd St2BR,1BA$1.28
Station House Apartments2BR/2.0BA2BR,2BA$1.51
Yugo Louisville Nine2 Bed, 2 Bath Classic Pool View2BR,2BA$1.05
Imperial ArmsImperial Arms Apartments1BR,1BA$1.58
Cardinal Village Apartments1x11BR,1BA$1.58
Bellevue Arms1 Bedroom1BR,1BA$1.65
Vesta Derby Oaks (Patriot Derby)A1 UPG1BR,1BA$1.63

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Pet Friendly Lifestyle
Fairgrounds, Louisville, KY

Ranked #121

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States including Fairgrounds, Louisville, and the greater Louisville area. 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 the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, walking, and biking. These search options are in the site filters at the top of this page.

Getting Around the Fairgrounds Neighborhood in Louisville, KY

Walk Score®

37 / 100

Car-Dependent

Most errands require a car

Bike Score®

57 / 100

Bikeable

Some bike infrastructure

Transit Score®

41 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Fairgrounds Apartments

What is a cheap apartment in Fairgrounds?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fairgrounds is under $950.

What is the price of a cheap apartment in Fairgrounds?

The cheapest apartment in Fairgrounds is Heritage Green Apartments which is listed at $829, while the average apartment in Fairgrounds costs $4,900.

What types of apartments are the cheapest in Fairgrounds?

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 16 regular apartments in Fairgrounds 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 Fairgrounds?

Cheap apartments in Fairgrounds have an average cost of $295 which is $4,605 cheaper than the average rent for all rentals in Fairgrounds.

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.