Cheap Apartments for Rent in the Germantown Neighborhood of Louisville, KY from $700 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

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.

property at 1051 Barret Ave

1051 Barret Ave

LouisvilleKY40204
close
View Me
Schiller Terrace
1 to 2 Bedroom Apartments

Schiller Terrace

1137 Schiller AveLouisville, KY 40204
  • Utilities Included

Louisville's Best Affordable Neighborhoods

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

Germantown, Louisville, KY Local Guide

Cheapest Available Germantown Apartments for Rent

 

The cheapest available apartment rental in the Germantown area of Louisville, KY is a Studio unit found at The Quad priced from $795. Germantown Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $829. Here are the most affordable Germantown apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The QuadStudio – 1 BathroomStudio,1BA$795
Germantown Village Apartments1 Bedrooms1BR,1BA$829
Beecher Terrace Apartments1 Bedroom*1BR,1BA$970
Elevate at NULU Apartment HomesLimitless2BR,1BA$1,014
Bolt + TieThe PinstripeStudio,1BA$1,110

Best Value Apartments for Rent in Germantown, KY

As of May 16, 2025 the best value apartment in the Germantown area is the $1.70 price per square foot 2 Bedroom A Model at Germantown Mill Lofts in the in the Phoenix Hill neighborhood starting from $1,895. The second greatest value Germantown apartment is the B3 Model at Bradford Mills Lofts starting at $1,522 with a $1.74 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for Germantown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Germantown Mill Lofts2 Bedroom A2BR,2BA$1.70
Bradford Mills LoftsB32BR,2BA$1.74
Grinstead1.11BR,1BA$1.75
Germantown Village Apartments1 Bedrooms1BR,1BA$1.25
Elevate at NULU Apartment HomesGaze1BR,1BA$1.84
Swiss Village1061BR,1BA$2.24
Beecher Terrace Apartments1 Bedroom*1BR,1BA$1.59
Bolt + TieThe LinenStudio ,1BA$2.11
The QuadStudio – 1 BathroomStudio ,1BA$1.89

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Germantown, Louisville, KY

Ranked #96

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Germantown Neighborhood in Louisville, KY

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

72 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

42 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Germantown Apartments

What is a cheap apartment in Germantown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Germantown is under $1,895.

What is the price of a cheap apartment in Germantown?

The cheapest apartment in Germantown is Germantown Village Apartments which is listed at $829, while the average apartment in Germantown costs $1,875.

What types of apartments are the cheapest in Germantown?

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 77 regular apartments in Germantown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.