17 Cheap Apartments for rent in Louisville, KY

Last updated November 19 at 2:34am UTC
929 Beecher St.
Wyandotte
Louisville, KY
Updated November 18 at 11:28am UTC
1 Bedroom
$599
720 Baroness Ave.
Shelby Park
Louisville, KY
Updated November 16 at 12:11pm UTC
2 Bedrooms
$675
9900 Merioneth Dr
Louisville
Louisville, KY
Updated November 18 at 5:24pm UTC
1 Bedroom
$650
2310 Ratcliffe Ave.
Hallmark
Louisville, KY
Updated November 16 at 12:06pm UTC
2 Bedrooms
$649
1211 Lillian Ave
Taylor Berry
Louisville, KY
Updated November 15 at 2:22am UTC
2 Bedrooms
$625
1308 Lillian Ave
Taylor Berry
Louisville, KY
Updated November 16 at 12:07pm UTC
2 Bedrooms
$675
4501 S 6th Street #63
Beechmont
Louisville, KY
Updated November 9 at 12:22pm UTC
1 Bedroom
$650
4217 N Church Way
Louisville
Louisville, KY
Updated November 9 at 5:52pm UTC
1 Bedroom
$625
709 S 3rd St
Central Business District
Louisville, KY
Updated November 17 at 1:41am UTC
Studio
$575
Results within 1 miles of Louisville, KY
230 Horseshoe Court
Radcliff
Radcliff, KY
Updated November 16 at 12:07pm UTC
2 Bedrooms
$595
Results within 20 miles of Louisville, KY
605 Cheyenne Rd
Radcliff
Radcliff, KY
Updated November 16 at 12:35pm UTC
2 Bedrooms
$485
220 Oak Street
Muldraugh
Muldraugh, KY
Updated November 18 at 5:15pm UTC
1 Bedroom
$450
628 N Woodland Dr
Radcliff
Radcliff, KY
Updated November 18 at 2:11am UTC
2 Bedrooms
$485
715 S 44th St
Chickasaw
Louisville, KY
Updated November 19 at 1:53am UTC
1 Bedroom
$575
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November 2017 Louisville Rent Report

Welcome to the November 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.

View full Louisville Rent Report
Rent Report
Louisville

November 2017 Louisville Rent Report

Welcome to the November 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 0.7% over the past month, but have remained steady at 0.4% in comparison to the same time last year. Currently, median rents in Louisville stand at $660 for a one-bedroom apartment and $840 for a two-bedroom. This is the fourth 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 1.9%, as well as the national average of 2.7%.

Louisville rents more affordable than many similar 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 other large cities across the country.

  • Louisville's median two-bedroom rent of $840 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the stagnant growth in Louisville.
  • While rents in Louisville remained moderately stable this year, similar cities saw increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%); note that median 2BR rents in these cities go for $1,690, $1,020, and $1,100 respectively.
  • Renters will find more reasonable prices in Louisville than most comparable 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.