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from $200Studio to 1 Bedroom Apartments Available Now
The Puritan Senior Living - 62 & Over
1244 S 4th StLouisville, KY 40203
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.
1516 S 2nd St
LouisvilleKY40208
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Rent Specials
from $8191 Bedroom Apartments Available Now
Germantown Village Apartments
630 E Kentucky StLouisville, KY 40203
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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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Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer
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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 | $803 | $200 | $1,015 |
| University 1 Bedroom Apartments | $1,106 | $200 | $2,600 |
| University 2 Bedroom Apartments | $1,381 | $765 | $2,079 |
| University 3 Bedroom Apartments | $1,266 | $675 | $2,025 |
| 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
- Nearby Cities
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Cheapest Available University Apartments for Rent
The cheapest available apartment rental in the University 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 University apartments for rent in Louisville, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Puritan Senior Living - 62 & Over | Studio | Studio,1BA | $200 |
| Yugo Louisville Nine | 4 Bed, 4 Bath Classic Balcony | 4BR,4BA | $709 |
| Germantown Village Apartments | 1 Bedrooms | 1BR,1BA | $819 |
Best Value Apartments for Rent in University, KY
As of April 27, 2025 the best value apartment in the University area is the $1.70 price per square foot 2 Bedroom A Model at Germantown Mill Lofts in the in the Phoenix Hill neighborhood starting from $1,895. The second greatest value University apartment is the 2BR/2.0BA Model at Station House Apartments starting at $1,295 with a $1.51 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. |
|---|---|---|---|
| Germantown Mill Lofts | 2 Bedroom A | 2BR,2BA | $1.70 |
| Station House Apartments | 2BR/2.0BA | 2BR,2BA | $1.51 |
| Yugo Louisville Nine | 2 Bed, 2 Bath Classic Pool View | 2BR,2BA | $1.05 |
| Nichols Meadows | Flats | 2BR,1BA | $1.43 |
| Lofts of Broadway | Brooklyn | 1BR,1BA | $1.31 |
| Germantown Village Apartments | 1 Bedrooms | 1BR,1BA | $1.23 |
| Beecher Terrace Apartments | 1 Bedroom* | 1BR,1BA | $1.59 |
| Bradford Mills Lofts | A1 | 1BR,1BA | $2.20 |
| Cardinal Village Apartments | 1x1 | 1BR,1BA | $1.58 |
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Pet Friendly LifestyleUniversity, Louisville, KY
Ranked #107
Among neighborhoods in Louisville, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 the price of a cheap apartment in University?
The cheapest apartment in University is Germantown Village Apartments which is listed at $819, while the average apartment in University costs $1,298.
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 70 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 $648 which is $650 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.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.