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30 Cheap Apartments for rent in Louisville, KY

Last updated November 18 at 4:15am UTC
Park Chateau
512 W Ormsby Ave
Louisville, KY
Updated November 17 at 11:25am UTC
Studio
$640
1 Bedroom
$690
Forsythia Court Apartments
6001 Barley Avenue
Louisville, KY
Updated November 18 at 12:10am UTC
Studio
Ask
1 Bedroom
$640
2 Bedrooms
Ask
Mount Vernon
6733 Caribbean Ln
Louisville, KY
Updated September 7 at 11:44pm UTC
1 Bedroom
$654
2 Bedrooms
$744
3 Bedrooms
$899
843 Beecher Street
Wyandotte
Louisville, KY
Updated November 18 at 3:56am UTC
1 Bedroom
$575
1212 South Floyd Street
Old Louisville
Louisville, KY
Updated November 18 at 3:56am UTC
1 Bedroom
$550
150 North Jane Street
Clifton
Louisville, KY
Updated November 18 at 3:56am UTC
1 Bedroom
$660
3414 W Main St
Shawnee
Louisville, KY
Updated November 17 at 5:20pm UTC
1 Bedroom
$550
2430 St. Xavier
Portland
Louisville, KY
Updated November 17 at 9:41am UTC
2 Bedrooms
$600
915 E Muhammad Ali Blvd
Phoenix Hill
Louisville, KY
Updated November 16 at 9:15pm UTC
Studio
$500
2422 Concord Dr
Saint Joseph
Louisville, KY
Updated November 15 at 12:02pm UTC
4 Bedrooms
$499
9337 La Grange Road
Moorland
Louisville, KY
Updated November 15 at 12:02pm UTC
1 Bedroom
$600
2117 Wilson Ave.
Park Hill
Louisville, KY
Updated November 15 at 11:58am UTC
2 Bedrooms
$625
2430 St Xavier St
Portland
Louisville, KY
Updated November 15 at 11:53am UTC
2 Bedrooms
$600
1953 Magellan Ct.
Algonquin
Louisville, KY
Updated November 15 at 11:51am UTC
2 Bedrooms
$650
3416 W Main St
Shawnee
Louisville, KY
Updated November 13 at 1:36am UTC
1 Bedroom
$575
1464 Brick Alley
Schnitzelburg
Louisville, KY
Updated November 12 at 11:02pm UTC
1 Bedroom
$650
3104 Woodland Ave
Parkland
Louisville, KY
Updated November 10 at 6:12pm UTC
3 Bedrooms
$675
2433 Slevin St
Portland
Louisville, KY
Updated November 8 at 8:44pm UTC
2 Bedrooms
$550
4202 S 2nd St
Wilder Park
Louisville, KY
Updated November 5 at 2:32pm UTC
1 Bedroom
$595
664 Lindell Ave
Shawnee
Louisville, KY
Updated November 18 at 1:49am UTC
2 Bedrooms
$650
Results within 1 miles of Louisville, KY
709 S 3rd St
Central Business District
Louisville, KY
Updated November 18 at 1:35am UTC
Studio
$675

November 2018 Louisville Rent Report

Welcome to the November 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

November 2018 Louisville Rent Report

Welcome to the November 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 decline sharply over the past month

Louisville rents have declined 0.6% over the past month, but have been relatively flat at 0.1% 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. Louisville's year-over-year rent growth lags the state average of 0.4%, as well as the national average of 1.1%.

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 comparable cities across the country.

  • Louisville's median two-bedroom rent of $840 is below the national average of $1,180. Nationwide, rents have grown by 1.1% 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 Phoenix (+3.0%), Atlanta (+1.5%), and New York (+1.5%); note that median 2BR rents in these cities go for $1,050, $1,190, and $2,520 respectively.
  • Renters will find more reasonable prices in Louisville than most other large cities. For example, San Francisco has a median 2BR rent of $3,100, 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.