Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Louisville area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $500 in Louisville, KY

1 - 4 of 4 Results
17
$495
708-10 M St
Louisville, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
$475
York Towers
4.0
201 York Street Louisville, KY
Studio | Ask for Availability
Contact
Income Restricted
Section 8
$465 - 499
Old School
1.0
422 Heywood Ave Louisville, KY
Studio - 1 BR | Ask for Availability
Contact
Senior Community
$414 - 600
Crps Homes
1244 S Fourth Street Louisville, KY
1 - 2 BR | Ask for Availability
Contact
1 - 4 of 4 Results
  1. Home
  2. Louisville
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Louisville, KY on Rentable.co?

There are 4 apartments under $500 in Louisville currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Louisville?

Rentable.co has 80 studio apartments under $500 available for rent in Louisville.

How many one-bedroom apartments under $500 are available in Louisville?

Rentable.co has 210 one-bedroom apartments under $500 available for rent in Louisville.

How many two-bedroom apartments under $500 are available in Louisville?

Rentable.co has 258 two-bedroom apartments under $500 available for rent in Louisville.

Can I afford a apartment under $500 in Louisville, KY?

To comfortably afford a apartment under $500 in Louisville based on average rent prices, a household would need an annual income of $19,000.

Which neighborhoods have the most apartments under $500 for rent in Louisville, KY?

  1. East Main
  2. South Louisville
  3. Old Louisville

Apartments Under $500 in Louisville, KY: May Rental Information

Welcome to the May 2024 Louisville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Louisville rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Louisville and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Louisville.

Prospective renters can use this information to get a sense of the rental market in Louisville and make informed decisions when searching for affordable apartments. Whether you're a student, young professional, or simply looking for a budget-friendly place to live, this report will give you valuable insights into the availability and rental trends in the Louisville area.
0 10 20 30 40 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 >$1,520
This month, the typical cost to rent a one-bedroom apartment in Louisville stands at $1,020, with the majority falling between $650 and $1,520. Out of the 2,853 one-bedroom apartments currently on the market in Louisville, 4 are priced below $500, accounting for 0% of the total available one-bedroom units in Louisville.

Available Apartments Under $500: Louisville vs. Surrounding Areas

Louisville, KY
16
The chart above provides an overview of the number of available apartments under $500 in Louisville, KY, and the surrounding cities as of May, 2024. This information is helpful for renters seeking affordable housing options in the area. The chart includes data for nearby cities such as New Albany, Clarksville, Prospect, St Regis Park, Shelbyville, Jeffersontown, Crestwood, Mount Washington, Fairdale, Simpsonville, Taylorsville, Pekin, and Jeffersonville. It is important to note that the data in the chart represents the total inventory of available apartments under $500 in the entire Louisville, KY metro area, which currently stands at 19.

Apartments Under $500 Now vs. Last Month: Louisville and Surrounding Areas

City Apartments Under $500 in May M/M % Change
Louisville, KY 16 +1.04%
New Albany, IN 2 +1.0%
Jeffersonville, IN 1 +1.0%

Looking for Apartments Under $500 in Louisville?

Available apartments under $500 808
Top amenities Dishwasher, Refrigerator, Walk In Closets, Roommate Matching, Picnic Area
Deals 32
Pet friendly 19
Utilities included 12
Furnished 8
Studio 12
2 Bedroom 18
3 Bedroom 12
Square footage 308 - 1,418

Where are Louisville Apartments Under $500?

Top Neighborhoods East main, South louisville, Old louisville
East Main 1
South Louisville 1
Old Louisville 1
Browse Louisville Apartments
Louisville Apartments by Neighborhood
Louisville Apartments by Bedrooms
Louisville Apartments by Affordability
Louisville Apartments with Amenities
Louisville Apartments by Type
Colleges Near Louisville
Louisville Apartments by Zip Code