18 Cheap Apartments for rent in Louisville, KY

Last updated January 20 at 1:02pm UTC
715 S 44th St
Chickasaw
Louisville, KY
Updated January 3 at 1:49am UTC
1 Bedroom
$575
318 N. 35th St
Shawnee
Louisville, KY
Updated January 18 at 7:58pm UTC
2 Bedrooms
$599
606 E Ormsby Ave
Shelby Park
Louisville, KY
Updated January 10 at 1:50am UTC
1 Bedroom
$550
4213 Norene Ln
Newburg
Louisville, KY
Updated January 20 at 9:49am UTC
2 Bedrooms
$625
2414 Bank St
Portland
Louisville, KY
Updated January 11 at 2:23am UTC
3 Bedrooms
$625
4612 Greenwood Rd
Pleasure Ridge Park
Louisville, KY
Updated January 16 at 6:55pm UTC
2 Bedrooms
$675
1308 Lillian Ave
Taylor Berry
Louisville, KY
Updated January 18 at 8:01pm UTC
2 Bedrooms
$599
2430 St Xavier St
Portland
Louisville, KY
Updated January 18 at 8:13pm UTC
2 Bedrooms
$600
13113 Ashlawn Drive
Louisville
Louisville, KY
Updated January 18 at 7:58pm UTC
2 Bedrooms
$649
709 S 3rd St
Central Business District
Louisville, KY
Updated January 14 at 2:01am UTC
Studio
$575
702 Camp St
Shelby Park
Louisville, KY
Updated January 3 at 11:40am UTC
2 Bedrooms
$650
929 Beecher St.
Wyandotte
Louisville, KY
Updated January 3 at 3:45pm UTC
1 Bedroom
$599
3102 Northwestern Pkwy
Portland
Louisville, KY
Updated January 17 at 2:10am UTC
1 Bedroom
$575
1115 Euclid Ave
Taylor Berry
Louisville, KY
Updated January 3 at 11:42am UTC
2 Bedrooms
$650
2806 Finn Ave
South Louisville
Louisville, KY
Updated January 17 at 7:54pm UTC
1 Bedroom
$550
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January 2018 Louisville Rent Report

Welcome to the January 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

January 2018 Louisville Rent Report

Welcome to the January 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 significantly over the past month

Louisville rents have declined 0.5% over the past month, and have decreased moderately by 0.9% 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 sixth 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 1.0%, as well as the national average of 2.8%.

Louisville rents more affordable than many similar cities nationwide

As rents have fallen moderately in Louisville, many other large 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 $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 0.9% decline in Louisville.
  • While rents in Louisville fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Louisville than most other large cities. For example, San Francisco has a median 2BR rent of $3,010, 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.