Cheap Apartments for Rent in the Fourth Street Neighborhood of Louisville, KY from $500 (37 Rentals)

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

property at 1144 S 3rd St

1144 S 3rd St

LouisvilleKY40203
property at 947 S Brook St

947 S Brook St

LouisvilleKY40203

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 952 S Floyd St

952 S Floyd St

LouisvilleKY40203

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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The Friary
Studio to 1 Bedroom Apartments

The Friary

501 E Liberty StLouisville, KY 40202
  • Utilities Included
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1026 S 4th St
Studio to 2 Bedroom Apartments

1026 S 4th St

1026 S 4th StLouisville, KY 40203
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Urban Flats
1 to 2 Bedroom Apartments

Urban Flats

735 S 2nd StLouisville, KY 40202
  • Utilities Included

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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Friendship House - Age 62+
Studio to 1 Bedroom Apartments

Friendship House - Age 62+

960 S 4th StLouisville, KY 40203
Senior Living
  • Utilities Included
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Park Edge Apartments
1 Bedroom Apartments

Park Edge Apartments

410 S Hancock StLouisville, KY 40202
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747 S 5th St
2 Bedroom Apartments

747 S 5th St

747 S 5th StLouisville, KY 40203
  • Utilities Included
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Glassworks Lofts
1 Bedroom Apartments

Glassworks Lofts

815 W Market StLouisville, KY 40202
  • Utilities Included

Louisville's Best Affordable Neighborhoods

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

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Guthrie-Coke Lofts
1 to 2 Bedroom Apartments

Guthrie-Coke Lofts

566 S 4th StLouisville, KY 40202
  • Utilities Included

Fourth Street, Louisville, KY Local Guide

Cheapest Available Fourth Street Apartments for Rent

 

The cheapest available apartment rental in the Fourth Street area of Louisville, KY is a 2 Beds unit found at Gateway on Broadway priced from $542. Urban Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Fourth Street apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Urban FlatsA1 Layout1BR,1BA$775
The QuadStudio – 1 BathroomStudio,1BA$795
Vue at 3rd StreetStudioStudio,1BA$799
The Cornerstone1 Bedroom1BR,1BA$800
Germantown Village Apartments1 Bedrooms1BR,1BA$829
Cathedral CommonsStudioStudio,1BA$850
800 Towers Apartments1x11BR,1BA$884
The St. Francis Apartments1BR1BA1BR,1BA$890
Park Edge Apartments1 Bedroom 1 Bathroom1BR,1BA$950

Best Value Apartments for Rent in Fourth Street, KY

As of May 11, 2025 the best value apartment in the Fourth Street area is the $0.50 price per square foot One Bedroom Model at Gateway on Broadway in the in the Phoenix Hill neighborhood starting from $542. The second greatest value Fourth Street apartment is the 1 Bedroom - 1 Bathroom Model at Glassworks Lofts starting at $1,018 with a $1.21 price per square foot in the Medical Center neighborhood. Here is today’s list of the best values for Fourth Street apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
Lofts of BroadwayBrooklyn1BR,1BA$1.31
The Cornerstone1 Bedroom1BR,1BA$1.14
Cathedral CommonsStudioStudio ,1BA$1.21
The St. Francis Apartments1BR1BA1BR,1BA$1.32
Germantown Village Apartments1 Bedrooms1BR,1BA$1.25
Beecher Terrace Apartments1 Bedroom*1BR,1BA$1.59
Park Edge Apartments1 Bedroom 1 Bathroom1BR,1BA$1.56
800 Towers ApartmentsStudioStudio ,1BA$1.56

Quick Rent Budget Calculator

How much rent can you afford?

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Pet Friendly Lifestyle
Fourth Street, Louisville, KY

Ranked #14

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States, including Louisville. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, places to raise kids, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Fourth Street Neighborhood in Louisville, KY

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

80 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

63 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Fourth Street Apartments

What is a cheap apartment in Fourth Street?

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

What is the price of a cheap apartment in Fourth Street?

The cheapest apartment in Fourth Street is Gateway on Broadway which is listed at $542, while the average apartment in Fourth Street costs $1,515.

What types of apartments are the cheapest in Fourth Street?

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 79 regular apartments in Fourth Street 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 Fourth Street?

Cheap apartments in Fourth Street have an average cost of $413 which is $1,102 cheaper than the average rent for all rentals in Fourth Street.

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 The 10 Best Affordable Neighborhoods for Renting in Louisville, KY article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.