414 M St
LouisvilleKY40208
Cheap Apartments for Rent in the University Neighborhood of Louisville, KY from $500 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Louisville.
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Rent Specials
from $799Studio to 1 Bedroom Apartments Available Now
Vue at 3rd Street
537 S 3rd StLouisville, KY 40202
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Rent Specials
from $881Studio to 2 Bedroom Apartments Available Now
800 Towers Apartments
800 S 4th StLouisville, KY 40203
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Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer
Showing Results 1-8, Page 1 of 1
University, Louisville, KY Local Guide
How much does it cost to rent an apartment in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Studio Apartments | $1,200 | $799 | $1,443 |
| University 1 Bedroom Apartments | $1,313 | $775 | $1,615 |
| University 2 Bedroom Apartments | $1,849 | $699 | $2,395 |
| University 3 Bedroom Apartments | $1,524 | $599 | $2,596 |
| University 4 Bedroom Apartments | $535 | $535 | $535 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the University Neighborhood of Louisville, KY.
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University, Louisville, KY Local Guide
- Nearby Louisville neighborhoods
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Cheapest Available University Apartments for Rent
The cheapest available apartment rental in the University area of Louisville, KY is a 4 Beds unit found at Yugo Louisville Nine priced from $709. Vue at 3rd Street has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable University apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yugo Louisville Nine | 4 Bed, 4 Bath Classic Balcony | 4BR,4BA | $709 |
| Vue at 3rd Street | Studio | Studio,1BA | $799 |
| 800 Towers Apartments | 1x1 | 1BR,1BA | $881 |
Best Value Apartments for Rent in University, KY
As of March 21, 2025 the best value apartment in the University area is the $1.27 price per square foot 204 W Hill St Model at 204 W Hill St, Unit 204 in the in the Phoenix Hill neighborhood starting from $1,400. The second greatest value University apartment is the 1506 S 2nd St Model at 1506 S 2nd St, Unit 1506 starting at $1,250 with a $1.27 price per square foot in the Phoenix Hill neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 204 W Hill St, Unit 204 | 204 W Hill St | 3BR,2BA | $1.27 |
| 1506 S 2nd St, Unit 1506 | 1506 S 2nd St | 2BR,1.5BA | $1.27 |
| The Prestonian | 1 Bed, 1 bath | 1BR,1BA | $1.53 |
| Yugo Louisville Nine | 2 Bed, 2 Bath Classic Pool View | 2BR,2BA | $1.05 |
| Crescent Centre | Windsor | 1BR,1BA | $1.50 |
| 1725 S 3rd St, Unit 2 | 1725 S 3rd St | 1BR,1BA | $1.42 |
| 800 Towers Apartments | Studio | Studio ,1BA | $1.58 |
| Cardinal Village Apartments | 1x1 | 1BR,1BA | $1.58 |
| Grocers Ice Lofts | The Rye I | 1BR,1BA | $2.25 |
| Vue at 3rd Street | Studio | Studio ,1BA | $1.86 |
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Pet Friendly LifestyleUniversity, Louisville, KY
Ranked #75
Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in University, Louisville, KY
School data provided by Great Schools
Best Local Schools in University, Louisville, KY
School data provided by Great Schools
Getting Around the University Neighborhood in Louisville, KY
Walk Score®
74 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
79 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
50 / 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 University Apartments
What is a cheap apartment in University?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University is under $1,225.
What is the price of a cheap apartment in University?
The cheapest apartment in University is 800 Towers Apartments which is listed at $881, while the average apartment in University costs $1,995.
What types of apartments are the cheapest in University?
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 99 regular apartments in University 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 University?
Cheap apartments in University have an average cost of $574 which is $1,421 cheaper than the average rent for all rentals in University.
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.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
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.