Cheap Apartments for Rent in the Old Louisville Neighborhood of Louisville, KY from $500 (30 Rentals)

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

property at 947 S Brook St

947 S Brook St

LouisvilleKY40203

Old Louisville

Named as one of the Best Affordable Neighborhoods to rent in Louisville by our Louisville, KY Local Expert Mike Heuer. See how it ranks!

property at 952 S Floyd St

952 S Floyd St

LouisvilleKY40203
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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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1337 S 4th St
Studio to 2 Bedroom Apartments

1337 S 4th St

1337 S 4th StLouisville, KY 40208
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Mayflower Apartments
Studio Apartments

Mayflower Apartments

425 W Ormsby AveLouisville, KY 40203
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431 Kensington Ct
1 Bedroom Apartments

431 Kensington Ct

431 Kensington CtLouisville, KY 40208
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Urban Flats
1 to 2 Bedroom Apartments

Urban Flats

735 S 2nd StLouisville, KY 40202
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1524 S 4th St
1 Bedroom Apartments

1524 S 4th St

1524 S 4th StLouisville, KY 40208
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Cavalier Apartments
1 to 2 Bedroom Apartments

Cavalier Apartments

1245 S 4th StLouisville, KY 40203
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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
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114 W Oak St
1 Bedroom Apartments

114 W Oak St

114 W Oak StLouisville, KY 40203
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Old Louisville, Louisville, KY Local Guide

Cheapest Available Old Louisville Apartments for Rent

 

The cheapest available apartment rental in the Old Louisville area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. Yugo Louisville Nine has the second lowest priced unit, which is a 4 Beds apartment currently listed from $709. Here are the most affordable Old Louisville apartments for rent in Louisville, KY:

Apartment ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudio, 1 bathStudio,1BA$200
Yugo Louisville Nine4 Bed, 4 Bath Classic Balcony4BR,4BA$709
Lofts on OrmsbyStudioStudio,1BA$775
Vue at 3rd StreetStudioStudio,1BA$799
Urban FlatsA Layout1BR,1BA$815
York Towers ApartmentsStudioStudio,1BA$874
The St. Francis Apartments1BR1BA1BR,1BA$890
The Cornerstone1 Bedroom1BR,1BA$900

Best Value Apartments for Rent in Old Louisville, KY

As of April 12, 2025 the best value apartment in the Old Louisville 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 Old Louisville apartment is the 1 Bed, 1 bath Model at The Prestonian starting at $1,381 with a $1.53 price per square foot in the Medical Center neighborhood. Here is today’s list of the best values for Old Louisville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1445 S 3rd St, Unit 71445 S 3rd St6BR,3BA$1.23
The Prestonian1 Bed, 1 bath1BR,1BA$1.53
Station House Apartments2BR/2.0BA2BR,2BA$1.51
Yugo Louisville Nine2 Bed, 2 Bath Classic Pool View2BR,2BA$1.05
Views at Crescent Hill2 Bedroom A2BR,1BA$1.36
307 Woodbine St, Unit 3307 Woodbine St1BR,1BA$1.11
The Cornerstone1 Bedroom1BR,1BA$1.29
Crescent Centre Apartments & TownhomesOne Bedroom-699 sqft1BR,1BA$1.43
The St. Francis Apartments1BR1BA1BR,1BA$1.32
1239 S Brook St, Unit 11239 S Brook St1BR,1BA$0.94

Quick Rent Budget Calculator

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Lifestyle Ratings

Our team of engineers and researchers is proud to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Louisville. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Old Louisville Neighborhood in Louisville, KY

Walk Score®

81 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

87 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

52 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Old Louisville Apartments

What is a cheap apartment in Old Louisville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Louisville is under $900.

What is the price of a cheap apartment in Old Louisville?

The cheapest apartment in Old Louisville is Urban Flats which is listed at $815, while the average apartment in Old Louisville costs $4,900.

What types of apartments are the cheapest in Old Louisville?

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 6 regular apartments in Old Louisville 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 Old Louisville?

Cheap apartments in Old Louisville have an average cost of $272 which is $4,628 cheaper than the average rent for all rentals in Old Louisville.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.