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Apartments Under $500 in Louisville, KY

1 - 3 of 3 Results
$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
$475
York Towers
4.0
201 York Street Louisville, KY
Studio | Ask for Availability
Contact
Income Restricted
Section 8
1 - 3 of 3 Results

All Apartments in Louisville, KY

30 Results
10
$1,100
2111 Eastern Pkwy
2111 Eastern Pkwy Louisville, KY
1 BR | Ask for Availability
Contact
Bonnycastle
20
$1,007 - 2,766
Brookside Apartments
8117 Copper Creek Drive Louisville, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Balcony/Deck/Patio
Fitness Center
6
$850
1900 - 1908 Farnsley Rd (Heather Ho
1900 1908 Farnsley Rd Louisville, KY
1 BR | Mar. 3, 2026
Contact
Heat Included
Section 8
11
$900
Greenwood Place Apartments
3.6
7500 Greenwood Place Circle Louisville, KY
1 BR | May. 21, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
82
3D Tour
$665 - 1,480
Heritage Green Apartments
Deal
5.0
5103 S 1St Str. Louisville, KY
1 - 3 BR | Available Now
Contact
Dishwasher
49
$1,559
Louisville - Alliant Avenue
1650 Alliant Ave Louisville, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
29
$1,191 - 3,658
Oxmoor Apartments
7400 Steeplecrest Circle Louisville, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
39
$1,259
Louisville - Airport
3300 Preston Hwy Louisville, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
33
$1,075 - 1,335
Park Place Apartments
7500 Cranfill Way Louisville, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
44
$1,068 - 1,298
Beecher Terrace Phase II (0680)
2.2
980 W Liberty St Louisville, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
In Unit Laundry
35
$1,060 - 1,560
Ventana
5319 Rangeland Road Louisville, KY
1 - 3 BR | Available Now
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
29
$1,004 - 3,106
Jamestown at St. Matthews Apartments
Deal
902 Markham Lane Louisville, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
25
$1,110 - 2,583
Prospect Park Apartments
Deal
2300 Glen Eagle Drive Louisville, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
27
$1,349
Louisville - Dutchman
6101 Dutchmans Ln Louisville, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
13
$1,077 - 1,301
Co Apartments
5011 Southside Dr Louisville, KY
1 - 2 BR | Available Now
Contact
Heat Included
Disability Access
11
$1,006 - 1,610
The Oaks At St Andrews
6817 Brooklawn Dr Louisville, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Pool
30
$925 - 1,225
St Anthony Gardens
3130 St Anthony Gardens Dr Louisville, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
0
$950
Unmatched Convenience In A Prime Location!
5909 Permerland Dr Louisville, KY
2 BR | May. 31, 2025
Contact
Dog Friendly
Cat Friendly
0
$950 - 1,045
Lanham Apartments
3205 Twin Oak Ln Louisville, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$950
Unmatched Convenience In A Prime Location!
3401 Prestwood Dr Louisville, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$1,045
Spacious 2 Bedroom Apartment In Excellent Location
4301 Wooded Way Louisville, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$895
1517, 1521, 1525 S 3rd St.
Louisville, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$1,850 - 3,450
The Belknap
1810 Sils Ave Louisville, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Belknap
0
$995
Discover Unmatched Convenience In A Prime Location In Your 1 Br, 1ba Apartment!`
3205 Twin Oak Ln Louisville, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$4,495
Gorgeous Executive 5 Bedroom 5 Bath Home Located In Lake Forest
14301 Woodland Ridge Dr Louisville, KY
5 BR | Available Now
Contact
House
Fireplace
21
$1,250 - 1,695
The Rye
Deal
9400 Hurstbourne Park Blvd Louisville, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
11
$1,068 - 1,298
Beecher Terrace Apartments
Deal
2.2
980 W Liberty St Louisville, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
In Unit Laundry
89
$1,780 - 2,395
The Overlook at St. Thomas
5.0
6800 Steeprun Road Louisville, KY
1 - 3 BR | Jul. 10, 2025
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
30
$950 - 990
Park Edge Apartments
410 South Hancock Street Louisville, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
42
$1,639 - 1,714
Amherst
734 Amherst Pl Louisville, KY
2 BR | Jun. 4, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
  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 3 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 81 studio apartments under $500 available for rent in Louisville.

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

Rentable.co has 242 one-bedroom apartments under $500 available for rent in Louisville.

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

Rentable.co has 291 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 $18,000.

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

  1. East Main
  2. Old Louisville

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

Welcome to the May 2025 Louisville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2025 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 12 25 37 50 <$700 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 $1,400 $1,440 $1,480

Available Apartments Under $500: Louisville vs. Surrounding Areas

Louisville, KY
11
The chart above provides an overview of the number of available apartments under $500 in Louisville, KY, and the surrounding cities as of May, 2025. 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 15.

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

City Apartments Under $500 in May M/M % Change
Louisville, KY 12 +1.03%
New Albany, IN 2 +0.92%
Clarksville, IN 0 +1.0%

Looking for Apartments Under $500 in Louisville?

Available apartments under $500 61
Top amenities Fitness Center, Covered Parking, In Unit Laundry, Media Room, Near Campus
Deals 6
Pet friendly 15
Utilities included 8
Furnished 8
Studio 11
2 Bedroom 5
3 Bedroom 5
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