
Cheap Apartments for Rent in the Phoenix Hill Neighborhood of Louisville, KY from $400 (105 Rentals)
Search the lowest-cost Apartments available for rent right now in the Phoenix Hill area of Louisville.


Gateway on Broadway

1239 S Brook St, Unit 1

Painters Row

Lofts on Ormsby

307 Woodbine St, Unit 3

Vue at 3rd Street

1100 Lydia St

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

947 S Brook St

Waterside at River Park Apartments

1501 E Breckinridge St

Cathedral Commons

1206 Garvin Pl

York Towers Apartments

J.O. Blanton House - Senior Living

The St. Francis Apartments

952 S Floyd St

949 S Shelby St

The Cornerstone

Elevate at NULU Apartment Homes

1917 Frankfort Ave

800 Towers Apartments

Crescent Centre Apartments & Townhomes

Lofts of Broadway

Baringer Manor

1033 Bardstown Rd

Beecher Terrace Apartments

Flats on Fifth

114 W Oak St

1518 W Muhammad Ali Blvd

1215 S 1st St

Park Court Apartments

Hampton Place

Grinstead

310 at Nulu Apartments

1464 S 9th St

Grocers Ice Lofts

The Avenue in the Highlands

1426 S 1st St

709 E Washington St

636 E Breckinridge St

1321 Rufer Ave

1842 Baird St

Axis on Lexington

Century Baxter Ave
Phoenix Hill, Louisville, KY Local Guide

How much does it cost to rent an apartment in Phoenix Hill?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Phoenix Hill Studio Apartments | $1,175 | $200 | $4,568 |
Phoenix Hill 1 Bedroom Apartments | $1,358 | $200 | $3,101 |
Phoenix Hill 2 Bedroom Apartments | $1,762 | $542 | $4,490 |
Phoenix Hill 3 Bedroom Apartments | $2,377 | $999 | $8,900 |
Phoenix Hill 4 Bedroom Apartments | $5,492 | $2,875 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 105 rentals with your search options within a 2 mile radius of the Phoenix Hill Neighborhood of Louisville, KY.
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Phoenix Hill, Louisville, KY Local Guide
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Cheapest Available Phoenix Hill Apartments for Rent
 The cheapest available apartment rental in the Phoenix Hill area of Louisville, KY is a Studio unit found at The Puritan Senior Living - 62 & Over priced from $200. M. Fine on Spring has the second lowest priced unit, which is a 2 Beds apartment currently listed from $418. Here are the most affordable Phoenix Hill apartments for rent in Louisville, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Puritan Senior Living - 62 & Over | Studio, 1 bath | Studio,1BA | $200 |
M. Fine on Spring | 2BT5 | 2BR,1BA | $418 |
Gateway on Broadway | Two Bedroom | 2BR,1BA | $542 |
Lofts on Ormsby | Studio | Studio,1BA | $775 |
The Quad | Studio – 1 Bathroom | Studio,1BA | $795 |
Vue at 3rd Street | Studio | Studio,1BA | $799 |
Urban Flats | A Layout | 1BR,1BA | $815 |
Germantown Village Apartments | 1 Bedrooms | 1BR,1BA | $819 |
Best Value Apartments for Rent in Phoenix Hill, KY
As of April 08, 2025 the best value apartment in the Phoenix Hill area is the $1.00 price per square foot 1418 S Floyd St Model at 1418 S Floyd St, Unit 3 in the in the Phoenix Hill neighborhood starting from $1,200. The second greatest value Phoenix Hill apartment is the EP4 Model at Edison Park starting at $1,300 with a $1.08 price per square foot in the Medical Center neighborhood. Here is today’s list of the best values for Phoenix Hill apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1418 S Floyd St, Unit 3 | 1418 S Floyd St | 2BR,1BA | $1.00 |
Edison Park | EP4 | 1BR,1.5BA | $1.08 |
1646 Lucia Ave, Unit 1 | 1646 Lucia Ave | 2BR,1BA | $1.13 |
Big 4 Station Residence | 2 bedroom | 2BR,1BA | $1.05 |
Gateway on Broadway | One Bedroom | 1BR,1BA | $0.50 |
M. Fine on Spring | 2BT5 | 2BR,1BA | $0.45 |
Glassworks Lofts | 1 Bedroom - 1 Bathroom | 1BR,1BA | $1.21 |
Cathedral Commons | Studio | Studio ,1BA | $1.21 |
307 Woodbine St, Unit 3 | 307 Woodbine St | 1BR,1BA | $1.11 |
1239 S Brook St, Unit 1 | 1239 S Brook St | 1BR,1BA | $0.94 |
Quick Rent Budget Calculator
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Lifestyle Ratings
ApartmentHomeLiving.com is happy to bring you Lifestyle Ratings of rentals in cities across the United States, including Louisville. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Phoenix Hill Neighborhood in Louisville, KY
Walk Score®
80 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
73 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
57 / 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 Phoenix Hill Apartments
What is a cheap apartment in Phoenix Hill?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Phoenix Hill is under $819.
What is the price of a cheap apartment in Phoenix Hill?
The cheapest apartment in Phoenix Hill is Gateway on Broadway which is listed at $542, while the average apartment in Phoenix Hill costs $4,900.
What types of apartments are the cheapest in Phoenix Hill?
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 85 regular apartments in Phoenix Hill 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 Phoenix Hill?
Cheap apartments in Phoenix Hill have an average cost of $241 which is $4,659 cheaper than the average rent for all rentals in Phoenix Hill.
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.

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.

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.

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.