
Cheap Homes for Rent in University Neighborhood of Louisville, KY from $800 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Louisville.


2918 S 5th St

415 M St
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer
University, Louisville, KY Local Guide

How much does it cost to rent a home in University?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
University 2 Bedroom Homes for Rent | $1,350 | $1,350 | $1,350 |
University 3 Bedroom Homes for Rent | $1,247 | $1,195 | $1,300 |
University 4 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
University 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
University 6 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the University Neighborhood of Louisville, KY.
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Best Value Apartments for Rent in University, KY
As of April 09, 2025 the best value apartment in the University area is the $1.51 price per square foot 2BR/2.0BA Model at Station House Apartments in the in the Phoenix Hill neighborhood starting from $1,295. The second greatest value University apartment is the 2 Bed, 2 Bath Classic Pool View Model at Yugo Louisville Nine starting at $899 with a $1.05 price per square foot in the Downtown Louisville 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. |
---|---|---|---|
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 | Addison | 1BR,1BA | $1.32 |
The St. Francis Apartments | 1BR1BA | 1BR,1BA | $1.32 |
Germantown Village Apartments | 1 Bedrooms | 1BR,1BA | $1.23 |
Bradford Mills Lofts | A1 | 1BR,1BA | $2.05 |
Germantown Mill Lofts | Studio Q | Studio ,1BA | $2.08 |
Cardinal Village Apartments | 1x1 | 1BR,1BA | $1.58 |
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Frequently Asked Questions about University
What type of rentals are currently available in University?
There are currently 119 Apartments for Rent in University, KY with pricing that ranges from $200 to $2,600. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $850 to $4,200.
What is the current price range for Rental Homes in University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University ranges from $850 to $4,200 with an average monthly rent of $2,291.
How much are larger Three and Four Bedroom Rentals in University?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University range from $650 to $1,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $1,300. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $535.
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.