Apartments Under $500 in Louisville, KY

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Louisville, KY
1 BR | Available Now
Dog Friendly
Cat Friendly
Surface Parking
Disability Access
$465 - 499
422 Heywood Ave Louisville, KY
Studio - 1 BR | Ask for Availability
Senior Community
$414 - 600
1244 S Fourth Street Louisville, KY
1 - 2 BR | Ask for Availability
201 York Street Louisville, KY
Studio | Ask for Availability
Income Restricted
Section 8
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Apartments Under $500 in Louisville, KY: June Rental Information

Welcome to the June 2024 Louisville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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 $1,010, with the majority falling between $640 and $1,500. Out of the 2,846 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
The chart above provides an overview of the number of available apartments under $500 in Louisville, KY, and the surrounding cities as of June, 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 17.

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

City Apartments Under $500 in June M/M % Change
Louisville, KY 16 +1.0%
New Albany, IN 2 +1.0%
Jeffersonville, IN 1 +1.0%
Shelbyville, KY 1 +0.2%

Looking for Apartments Under $500 in Louisville?

Available apartments under $500 801
Top amenities Dishwasher, Walk In Closets, Near Campus, Roommate Matching, Picnic Area
Deals 23
Pet friendly 17
Utilities included 9
Furnished 8
Studio 9
2 Bedroom 11
3 Bedroom 14
Square footage 414 - 1,430

Where are Louisville Apartments Under $500?

Top Neighborhoods East main, South louisville, Old louisville
East Main 1
South Louisville 1
Old Louisville 1