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147 Apartments for rent in Louisville, KY

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Last updated September 25 at 6:51AM
LC Idlewild
700 Landis Ridge Dr
Louisville, KY
Updated September 25 at 6:51AM
1 Bedroom
$896
2 Bedrooms
$1,059
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City Guide
Louisville
Neighborhoods – One for every style

Old Louisville – In college and lovin’ it!!

The beautiful and sometimes overlooked downtown area, Old Louisville is made up of mainly historic houses that have been converted to hold 2-4 apartments each. While there are a few apartment complexes, none of them are very large and they primarily house University of Louisville or Spalding University college students as Old Louisville is near both campuses. These houses are definitely unique, but renter beware that parking is mainly street side and the one-way street grid system might take you a while to get used to. It’s never wise to let your guard down. You can expect apartments in this area to rent for between $400-600, depending on your space needs.

The Highlands – I prefer my thriftiness to include home brewed beer, please.

The Highlands is a neighborhood in Louisville where they’re “Keeping Louisville Weird.” The majority of the area runs along Bardstown Road and is home to numerous homegrown bars and taverns, thrift and consignment stores and art and music in general. Preferred by the more “free spirited” crowds – this area is a nightmare to drive through at any time of the day, which is why most residents are on bike or foot. On every corner you can find tattoo shops (Tattoo Charley’s – tattoos while you wait!) and hometown coffee/tea houses (Heine Brothers has quite the cult following) along with a delicious palate of unique restaurants that cater towards a more adventurous style of eating. If you dig a good bar – or a bar challenge, then you’ll love the Bardstown Road Trolley Hop and other community bar hopping events held each year. Like Old Louisville, housing in The Highlands is composed more of converted homes than large apartment complexes, though there are some in this area. Because of the in demand offerings (homebrewed beer anyone?), rent is slightly higher – running you about $500 for a one bedroom up to $900 for a roomy two bedroom.

South and Southwest – I want my drive time to work to be quick, ya hear?

These areas of town are known more for affordable housing complexes and manufacturing districts than their touristy attractions or hip nightlife. This is an economic area to reduce drive time should your field revolve around warehouse/distribution center type work. Roughly a ten-minute drive from the Preston Highway neighborhood, the main UPS hub is a major employer in Louisville with more than 20,000 employees. There are also numerous car “junk yards” in the Oakolona area, which can be handy for both work and play (that Volkswagen steering wheel is MINE!). That being said, there has been much development in the Preston Highway/Outerloop area, with an abundance of chain restaurants and a mall for the consumer inclined. Apartments are easy to find & you can expect monthly rent for this area to run between $400-700.

Southeast – Inexpensive luxury, that’s where it’s AT!

The Southeast end of Louisville Metro has parks, shopping, eating, and abundant housing in the form of apartments and condos. The Fern Creek area is home to one of two Ford manufacturing plants in Louisville, and Jeffersontown (you’ll hear the locals calling it “J-town”) has a great gaslight district that is home to parades and events in the autumn. It’s this area of town where the apartments can range from simple and plain (read: inexpenisve) to plush and luxurious. The Southeast boasts significantly more recently built complexes than the South/Southwest & even more that are so well maintained it makes you want to give that lawn crew a high five. In this end of town you can budget $700 for a one-bedroom basic unit & up to $900 for a place of the same in a newer building.

East and Northeast – Yea, I rock a minivan, what of it?

The East and Northeast parts of Louisville are home to large, luxury complexes that match the fine quality of the shopping and eateries around Shelbyville and Brownsboro Road. Designed with the modern consumer in mind, there are two malls in Lyndon alone – which you will want to learn back roads around come holiday shopping season. “Location, location, location” is the motto of most of these apartment complexes – and they’re not lying. With easy access to I 71, I 265 and I 64, the East and Northeast areas make the apartment decision, especially for families, an easy one. This area has multiple shopping centers. Be prepared to pay for the upscale amenities (I’ll take the one with the sauna and tanning bed please!) and the desired location…one bedroom apartments can start at close to $800.

Let’s talk spaghetti

Louisville is able to be a metro because of the intertwining, overlapping, easily accessed highways that run through and around the city. In true downtown right alongside the Ohio River is Spaghetti Junction, aptly named where Interstate 71, 64, and 65 all collaborate to end in a swirly mess that truly does look like spaghetti (check it on Google maps if you don’t believe us). Escaping slightly from the junction, there are two other highways that run East-West around the city, providing two loops for easier access to different parts of the metro area. Interstate 265 is referred to as just that, or simply 265, the Gene Snyder (its “official name”), or it even just the Snyder. Interstate 264 is sometimes called 264 (you’d think they could’ve thrown us a bone and made it more than one digit off), the Henry Watterson expressway (again, “official name”) or just the Watterson. Locals call these roads different names in order to throw off visitors while giving directions (partly kidding).

Rent Report
Louisville

September 2017 Louisville Rent Report

Welcome to the September 2017 Louisville Rent Report. Louisville rents declined over the past month. In this report, we'll evaluate trends in the Louisville rental market, including comparisons to similar cities nationwide.

Louisville rents declined over the past month

Louisville rents have declined 0.6% over the past month, but have increased moderately by 2.0% in comparison to the same time last year. Currently, median rents in Louisville stand at $670 for a one-bedroom apartment and $850 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Louisville's year-over-year rent growth lags the state average of 2.7%, as well as the national average of 3.0%.

Louisville rents more affordable than many other large cities nationwide

Rent growth in Louisville has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Louisville is still more affordable than most comparable cities across the country.

  • Louisville's median two-bedroom rent of $850 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.0% increase in Louisville.
  • While rents in Louisville remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Louisville than most similar cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three-and-a-half times the price in Louisville.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

Louisville Renter Confidence Survey
National study of renter confidence in the economy, homeownership, and cities
Here's how Louisville ranks on:
A Overall satisfaction
A+ Safety and crime rate
A- Confidence in the local economy
A- Plans for homeownership
A Recreational activities
A+ Quality of schools
A Commute time
A State and local taxes
Best Worst
Full data available when viewing on a non-mobile device.
Overview of Findings

Apartment List has released Louisville's results from the first annual Apartment List Renter Satisfaction Survey. The survey, which drew on responses from over 18,000 renters, provides new insights into what states and cities must do to meet the needs of the 105 million American renters nationwide.

"Louisville renters are very satisfied with their city, giving marks of A- or higher on every category," says Andrew Tam, Vice President of Data Science at Apartment List. "The US renter population is at its highest level in 20 years, and Louisville does an excellent job of meeting renter preferences across a wide range of criteria."

Key findings in Louisville include the following:

  • Louisville renters give their city an A overall, ranking it 11th out of 100 cities.
  • 33% of renters say the economy is on the right track, earning the city an A-.
  • The lowest grade for Louisville was a B+ on future plans for homeownership. That still puts it in the top one-third of cities in the study.
  • The city's highest grade was an A+ for safety and crime rate, with 83% of renters saying they are "satisfied" or "very satisfied".
  • Louisville was one of just two cities to get an A- or better in seven of the eight categories we graded.
  • Louisville's overall score of A significantly outperformed nearby cities such as Cincinnati (C-), Indianapolis (C+), and Nashville (B-).
  • The top rated cities nationwide for city satisfaction were Plano, TX; Boston, MA; Arlington, VA; Austin, TX; and Torrance, CA. The lowest rated cities were Newark, NJ; New Haven, CT; Bridgeport, CT; Hartford, CT; and Columbia, SC.

A detailed report explaining the survey's methodology, analysis, and findings is available upon request. To obtain a copy, please email Andrew Tam, Apartment List's Vice President of Data Science, at andrew@apartmentlist.com.