Apartments Under $500 in Louisville, KY

Map
1 - 14 of 14 Results
22
$495 - 540
Juniper Hills
Deal
855 Louisville RD Frankfort, KY
Studio | Available Now
Air Conditioning
Surface Parking
Storage
16
$1 - 250
Belmont Court Apartments
633 Belmont Street Harrodsburg, KY
1 BR | Available Now
6
$ Ask - 1,467
Ashton Brook
7832 Royalty Ave Graymoordevondale, KY
1 - 2 BR | Available Now
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
17
$495
Hampton Hall
Deal
209 York St Louisville, KY
Studio | Available Now
Heat Included
Cat Friendly
Air Conditioning
7
$500
2250 Grand Avenue
Louisville, KY
2 BR | Available Now
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Storage
8
$475
Louisville St
Louisville, KY
1 BR | Available Now
Air Conditioning
Surface Parking
Balcony, Deck, Patio
Storage
Disability Access
2
$400
429 Heywood St
Louisville, KY
1 BR | Available Now
Balcony, Deck, Patio
Disability Access
Dishwasher
South Louisville
30
$369 - 479
PER
BED
Annex Of New Albany
4100 Prestwick Sq New Albany, IN
2 - 3 BR | Available Now
Dog Friendly
Cat Friendly
Student
Air Conditioning
Balcony, Deck, Patio
2
$350
2401 Portland Ave
Louisville, KY
Studio | Available Now
Disability Access
Portland
$500
1518 W Market St
Louisville, KY
1 BR | Available Now
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Dishwasher
$414 - 600
Crps Homes
1244 S Fourth Street Louisville, KY
1 - 2 BR | Ask for Availability
$475
York Towers
4.0
201 York Street Louisville, KY
Studio | Ask for Availability
Income Restricted
Section 8
$465 - 499
Old School
1.0
422 Heywood Ave Louisville, KY
Studio - 1 BR | Ask for Availability
Senior Community
1
$500
353 Redmar Blvd
Radcliff, KY
1 BR | Available Now
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Disability Access
Dishwasher
1 - 14 of 14 Results
  1. Home
  2. Louisville
  3. Apartments Under $500

How much does it cost to rent an apartment in Louisville?

Louisville Apartments
Bed Type Average Rent Range
Studio $800 $500 - $1,210
1BR $1,020 $630 - $1,520
2BR $1,170 $730 - $1,750
3BR $1,450 $790 - $2,090
4+BR $2,000 $1,200 - $2,800

Louisville:
December Rent Report

Welcome to the December 2022 Louisville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2022 key findings and figures for the Louisville rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Louisville and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Louisville average rent prices in the chart below.

Monthly Rent Report

Louisville Rent Prices Decrease From November to December

Louisville rent prices decreased over the last month. From November to December, the city experienced a -0.81% decrease for the price of a one-bedroom apartment. The rent price for a Louisville one-bedroom apartments currently stands at $976.0.

When we take a look at the two-bedroom comparison from November to December, Louisville experienced a -0.26% decrease for the price of a two-bedroom apartment. The rent price for a Louisville two-bedroom apartments currently stands at $1,168.0.

December Prices: Louisville vs. Surrounding Areas

Rent Prices in Louisville and Surrounding Areas

Rent prices have decreased in Louisville over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Louisville suburb increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Clarksville, IN .

  • Rents did not decrease in any of the Louisville suburbs.

  • 1 suburb is currently priced lower than the city of Louisville.

December 2022 Pricing Trends: Louisville vs. National Comparisons

Louisville Rent Prices More Affordable Than Major Cities

Rent growth in Louisville over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Louisville average rent prices appear to be relatively affordable for local residents.

The price for a Louisville one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of Rentable's December 2022 National Apartment Report and data set here.

For more information about Louisville and surrounding area rent prices, take a look at the complete data set below.

Data set for Louisville and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Louisville, KY $984.0 -2.28% $1,171.0 -1.18%
Clarksville, IN $834.0 4.12% $1,001.0 5.81%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.