
Cheap Apartments for Rent in the Fairgrounds Neighborhood of Louisville, KY from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fairgrounds area of Louisville.


4526 S 6th St

307 Kingston Ave

Lofts on Ormsby

1516 S 2nd St

5024 S 3rd St

3016 Montana Ave

Heritage Green Apartments

Poplar Terrace

Vesta Derby Oaks (Patriot Derby)
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.

Carpenter Apartments

4113 S 3rd St

730 M St
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer
Fairgrounds, Louisville, KY Local Guide

How much does it cost to rent an apartment in Fairgrounds?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Fairgrounds Studio Apartments | $955 | $775 | $1,399 |
Fairgrounds 1 Bedroom Apartments | $1,126 | $695 | $1,899 |
Fairgrounds 2 Bedroom Apartments | $1,082 | $765 | $2,599 |
Fairgrounds 3 Bedroom Apartments | $1,278 | $675 | $2,025 |
Fairgrounds 4 Bedroom Apartments | $1,260 | $535 | $1,645 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Fairgrounds Neighborhood of Louisville, KY.
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Fairgrounds, Louisville, KY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Yugo Louisville Nine | 4 Bed, 4 Bath Classic Balcony | 4BR,4BA | $709 |
Lofts on Ormsby | Studio | Studio,1BA | $775 |
Heritage Green Apartments | The Single | 1BR,1BA | $829 |
Poplar Terrace | Studio | Studio,1BA | $839 |
Vesta Derby Oaks (Patriot Derby) | B1 UPG | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1445 S 3rd St, Unit 7 | 1445 S 3rd St | 6BR,3BA | $1.23 |
4703 S 1st St, Unit 2 | 4703 S 1st St | 2BR,1BA | $0.90 |
4824 S 3rd St, Unit #2 upstairs | 4824 S 3rd St | 2BR,1BA | $1.28 |
4822 S 3rd St, Unit #1 downstairs | 4822 S 3rd St | 2BR,1BA | $1.28 |
Station House Apartments | 2BR/2.0BA | 2BR,2BA | $1.51 |
Yugo Louisville Nine | 2 Bed, 2 Bath Classic Pool View | 2BR,2BA | $1.05 |
Imperial Arms | Imperial Arms Apartments | 1BR,1BA | $1.58 |
Cardinal Village Apartments | 1x1 | 1BR,1BA | $1.58 |
Bellevue Arms | 1 Bedroom | 1BR,1BA | $1.65 |
Vesta Derby Oaks (Patriot Derby) | A1 UPG | 1BR,1BA | $1.63 |
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Pet Friendly LifestyleFairgrounds, Louisville, KY
Ranked #121
Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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
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 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.

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.

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.

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.