
Cheap Apartments for Rent in the Fourth Street Neighborhood of Louisville, KY from $500 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fourth Street area of Louisville.


Painters Row

1013 St Paul Ct

1144 S 3rd St

Vue at 3rd Street

The Cornerstone

947 S Brook St

Germantown Village Apartments
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.

Cathedral Commons

J.O. Blanton House - Senior Living

800 Towers Apartments

The St. Francis Apartments

952 S Floyd St

Elevate at NULU Apartment Homes

Crescent Centre Apartments & Townhomes

Beecher Terrace Apartments

York Towers Apartments
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.

Flats on Fifth

Grocers Ice Lofts

310 at Nulu Apartments

636 E Breckinridge St
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.

Chapel House Senior Apartments - Age 62+
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer
Fourth Street, Louisville, KY Local Guide

How much does it cost to rent an apartment in Fourth Street?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Fourth Street Studio Apartments | $1,208 | $724 | $4,226 |
Fourth Street 1 Bedroom Apartments | $1,320 | $542 | $3,457 |
Fourth Street 2 Bedroom Apartments | $1,740 | $542 | $5,162 |
Fourth Street 3 Bedroom Apartments | $2,204 | $1,200 | $5,540 |
Browse Apartments in this Neighborhood
There are currently 37 rentals with your search options within a 1 mile radius of the Fourth Street Neighborhood of Louisville, KY.
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Fourth Street, Louisville, KY Local Guide
- Nearby Louisville neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Gateway on Broadway | Two Bedroom | 2BR,1BA | $542 |
Urban Flats | A1 Layout | 1BR,1BA | $775 |
The Quad | Studio – 1 Bathroom | Studio,1BA | $795 |
Vue at 3rd Street | Studio | Studio,1BA | $799 |
The Cornerstone | 1 Bedroom | 1BR,1BA | $800 |
Germantown Village Apartments | 1 Bedrooms | 1BR,1BA | $829 |
Cathedral Commons | Studio | Studio,1BA | $850 |
800 Towers Apartments | 1x1 | 1BR,1BA | $884 |
The St. Francis Apartments | 1BR1BA | 1BR,1BA | $890 |
Park Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Gateway on Broadway | One Bedroom | 1BR,1BA | $0.50 |
Glassworks Lofts | 1 Bedroom - 1 Bathroom | 1BR,1BA | $1.21 |
Lofts of Broadway | Brooklyn | 1BR,1BA | $1.31 |
The Cornerstone | 1 Bedroom | 1BR,1BA | $1.14 |
Cathedral Commons | Studio | Studio ,1BA | $1.21 |
The St. Francis Apartments | 1BR1BA | 1BR,1BA | $1.32 |
Germantown Village Apartments | 1 Bedrooms | 1BR,1BA | $1.25 |
Beecher Terrace Apartments | 1 Bedroom* | 1BR,1BA | $1.59 |
Park Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.56 |
800 Towers Apartments | Studio | Studio ,1BA | $1.56 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleFourth Street, Louisville, KY
Ranked #14
Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Fourth Street, Louisville, KY
School data provided by Great Schools
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
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 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.

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.

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.

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.

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.