15 Cheap Apartments for rent in Louisville, KY

Last updated July 17 at 8:18pm UTC
5208 Hasbrook Dr
Louisville
Louisville, KY
Updated July 17 at 6:35pm UTC
1 Bedroom
$550
5419 New Cut Rd.
Iroquois Park
Louisville, KY
Updated July 17 at 9:28am UTC
1 Bedroom
$625
2911 S 3rd St
South Louisville
Louisville, KY
Updated July 16 at 10:49pm UTC
5 Bedrooms
$499
845 S. 6th St.
Old Louisville
Louisville, KY
Updated July 13 at 10:03am UTC
1 Bedroom
$495
2101 Cardinal Woods Dr
Louisville
Louisville, KY
Updated July 13 at 10:03am UTC
Studio
$660
820 Winkler Avenue
Taylor Berry
Louisville, KY
Updated July 10 at 9:54am UTC
2 Bedrooms
$649
404 N 38th St
Shawnee
Louisville, KY
Updated June 21 at 11:37pm UTC
2 Bedrooms
$650
Results within 1 miles of Louisville, KY
6103 Blevins Gap Rd
Valley Station
Louisville, KY
Updated July 13 at 10:45pm UTC
1 Bedroom
$565
Results within 5 miles of Louisville, KY
1604 Algonquin Parkway Unit 2
Algonquin
Louisville, KY
Updated July 17 at 9:25am UTC
2 Bedrooms
$650
538 Lilly Ave
Saint Joseph
Louisville, KY
Updated July 15 at 1:34am UTC
1 Bedroom
$550

July 2018 Louisville Rent Report

Welcome to the July 2018 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.

View full Louisville Rent Report
Rent Report
Louisville

July 2018 Louisville Rent Report

Welcome to the July 2018 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 slightly over the past month

Louisville rents have declined 0.2% over the past month, and have decreased significantly by 2.6% in comparison to the same time last year. Currently, median rents in Louisville stand at $660 for a one-bedroom apartment and $830 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in March. Louisville's year-over-year rent growth lags the state average of -0.8%, as well as the national average of 1.4%.

Louisville rents more affordable than many other large cities nationwide

As rents have fallen significantly in Louisville, many similar cities nationwide have seen prices increase, in some cases substantially. Louisville is also more affordable than most comparable cities across the country.

  • Louisville's median two-bedroom rent of $830 is below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 2.6% decline in Louisville.
  • While rents in Louisville fell significantly over the past year, many cities nationwide saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Miami (+1.8%).
  • Renters will find more reasonable prices in Louisville than most other large 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.