Cheap Apartments for Rent in the Phoenix Hill Neighborhood of Louisville, KY from $400 (85 Rentals)

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

property at 200 N 18th St

200 N 18th St

LouisvilleKY40203
property at 1144 S 3rd St

1144 S 3rd St

LouisvilleKY40203

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.

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property at 1215 S 1st St

1215 S 1st St

LouisvilleKY40203

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.

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property at 952 S Floyd St

952 S Floyd St

LouisvilleKY40203
property at 947 S Brook St

947 S Brook St

LouisvilleKY40203

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.

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Phoenix Hill - One of the Best Affordable Neighborhoods in 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!

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property at 1051 Barret Ave

1051 Barret Ave

LouisvilleKY40204
Showing Results 1-50, Page 1 of 2

Phoenix Hill, Louisville, KY Local Guide

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 ListingModel NameBed/BathPriced From
The Puritan Senior Living - 62 & OverStudioStudio,1BA$200
M. Fine on Spring2BT52BR,1BA$418
Gateway on BroadwayTwo Bedroom2BR,1BA$542
Lofts on OrmsbyStudioStudio,1BA$725
Urban FlatsA1 Layout1BR,1BA$775
The QuadStudio – 1 BathroomStudio,1BA$795
Vue at 3rd StreetStudioStudio,1BA$799
The Cornerstone1 Bedroom1BR,1BA$800
Germantown Village Apartments1 Bedrooms1BR,1BA$829

Best Value Apartments for Rent in Phoenix Hill, KY

As of May 18, 2025 the best value apartment in the Phoenix Hill area is the $1.17 price per square foot EP8 Model at Edison Park in the in the Medical Center neighborhood starting from $1,750. The second greatest value Phoenix Hill apartment is the 2B2BT17HC Model at M. Fine on Spring starting at $700 with a $0.63 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for Phoenix Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Edison ParkEP82BR,1.5BA$1.17
M. Fine on Spring2B2BT17HC2BR,2BA$0.63
Big 4 Station Residence2 bedroom2BR,1BA$1.05
1524 S 4th St3 Beds, 1.5 Baths3BR,1.5BA$1.14
Gateway on BroadwayOne Bedroom1BR,1BA$0.50
1303 S 1st St1303 S 1st St1BR,1BA$1.00
1600 S 3rd St, Unit #21600 S 3rd St1BR,1BA$0.97
Glassworks Lofts1 Bedroom - 1 Bathroom1BR,1BA$1.21
200 N 18th St, Unit 4200 N 18th St2BR,1BA$1.02
The Cornerstone1 Bedroom1BR,1BA$1.14

Quick Rent Budget Calculator

How much rent can you afford?

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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®

81 / 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 $829.

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 $2,902.

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 83 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 $197 which is $2,705 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.

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.

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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.