Cheap Homes for Rent in Louisville, KY from $600 (253 Rentals)

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Louisville's Best Affordable Neighborhoods

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

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property at 1048 S 36th St

1048 S 36th St

LouisvilleKY40211
property at 1002 E Main St

1002 E Main St

New AlbanyIN47150
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Louisville, KY Local Guide

Cheapest Neighborhoods for Apartments in Louisville, KY

Pricing Updated: 04/09/2025

Current apartment rentals in the Louisville, KY area range in price from $600 to $5,900 with an overall median price of $2,959. The three Louisville neighborhoods with the lowest median rent pricing are Southland Park at $1,200, Rolling Hills at $1,350, and East Russell at $775. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Louisville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Southland Park$1,200$1,2001
Rolling Hills$1,350$1,3501
East Russell$1,545$77518
Shively$1,545$79949
St Dennis$1,545$79916
Hallmark$1,550$60094
Auburndale$1,560$7998
Iroquois Park$1,572$79924
Jacobs$1,580$89925
Bashford Manor$1,600$9853

Cheapest Available Louisville Apartments for Rent

 

The cheapest available apartment rental in Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over in the Phoenix Hill neighborhood priced from $200. Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $200. Here is today’s list of the most affordable Louisville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudio, 1 bathStudio,1BA$200
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$200
Brookview GlenStudioStudio,1BA$378
M. Fine on Spring2BT52BR,1BA$418
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Aberdeen Woods Phase 1-72 Bedroom + 2 Bath2BR,2BA$550
Louisville 532 bedroom, 1 bath2BR,1BA$650
Colonial Village ApartmentsThe Princess1BR,1BA$707

Best Value Apartments for Rent in Louisville, KY

As of April 10, 2025 the best value apartment in the Louisville area is the $0.39 price per square foot 2 Bedroom + 2 Bath Model at Aberdeen Woods Phase 1-7 in the in the Crystal Springs neighborhood starting from $550. The second greatest value Louisville apartment is the 3 x 1.5 Pixie C1 Model at Bayshore Townhomes starting at $1,035 with a $0.93 price per square foot in the South Louisville neighborhood. Here is today’s list of the best values for Louisville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aberdeen Woods Phase 1-72 Bedroom + 2 Bath2BR,2BA$0.39
Bayshore Townhomes3 x 1.5 Pixie C13BR,1.5BA$0.93
2101 Saint Xavier St, Unit 1F2101 Saint Xavier St3BR,1BA$0.81
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
Stone Creek Apartments I & II2 Bed 1 Bath2BR,1BA$0.95
Olde Towne VillageAshton1BR,1BA$0.87
M. Fine on Spring2BT52BR,1BA$0.45
1239 S Brook St, Unit 11239 S Brook St1BR,1BA$0.94
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34
Brookview GlenStudioStudio ,1BA$0.95

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Louisville, KY Area Reviews

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Frequently Asked Questions about Louisville

What type of rentals are currently available in Louisville?

There are currently 2779 Apartments for Rent in Louisville, KY with pricing that ranges from $200 to $13,200. There are also 666 Single Family Homes for rent, Condos, and Townhome rentals currently available in Louisville ranging from $600 to $5,900.

What is the current price range for Rental Homes in Louisville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Louisville ranges from $600 to $5,900 with an average monthly rent of $2,152.

How much are larger Three and Four Bedroom Rentals in Louisville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Louisville range from $650 to $10,685, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $5,000. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $535.

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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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.