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Oxmoor Apartment Homes
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Park Place Apartments
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2710 Grant Line RD
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2101 Cardinal Woods Dr
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3100 Orchard Manor Cir
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Apartments Under $500 in Louisville, KY

1 of 2 Results
17
$495
Hampton Hall
Deal
209 York St Louisville, KY
Studio | Available Now
Contact
Heat Included
Cat Friendly
Air Conditioning
$475
York Towers
4.0
201 York Street Louisville, KY
Studio | Ask for Availability
Contact
Income Restricted
Section 8
1 - 2 of 2 Results
Apartments in Louisville, KY
1 of 106 Results
23
$1,250 - 1,950
The Jeff on 10th
3500 Ellingsworth Dairy Dr Jerffersonville, IN
1 - 2 BR | Available Now
Contact
Air Conditioning
In Unit Laundry
Dishwasher
23
$990 - 1,850
Brookside Apartment Homes
Deal
8117 Copper Creek Drive Louisville, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
27
$1,531
Louisville - South
6310 Commerce Park Fairdale, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
24
$1,225 - 2,537
The Baxter
Deal
3.8
1221 E Broadway Louisville, KY
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
25
$975 - 1,725
Prospect Park Apartment Homes
Deal
2300 Glen Eagle Drive Louisville, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
29
$1,075 - 2,470
Oxmoor Apartment Homes
Deal
7400 Steeplecrest Circle Louisville, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
33
$1,950
Louisville - Hurstbourne
9801 Bunsen Pkwy Louisville, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
30
$985 - 2,155
Jamestown at St. Matthews Apartment Homes
Deal
902 Markham Lane Louisville, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
33
$865 - 1,085
Park Place Apartments
7500 Cranfill Way Louisville, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Storage
27
$1,800
Louisville - Dutchman
6101 Dutchmans Ln Louisville, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
26
$1,771
Louisville - Airport
3300 Preston Hwy Louisville, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
44
$1,063 - 1,693
Beecher Terrace Phase II
2.2
980 W Liberty St Louisville, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Pool
49
$1,590
Louisville - Alliant Avenue
1650 Alliant Ave Louisville, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
131
3D Tour
$685 - 1,480
Heritage Green Apartments
Deal
5.0
5103 S 1St Str. Louisville, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
65
$1,349 - 2,079
Walcott Jeffersonville
222 W Maple St Jeffersonville, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
1
$1,010 - 1,660
Ventana
Deal
5319 Rangeland Road Louisville, KY
1 - 3 BR | Available Now
Dog Friendly
Cat Friendly
$1,023 - 1,308
2710 Grant Line RD
New Albany, IN
1 - 4 BR | Available Now
6
$1,475 - 1,499
Hurstbourne Heights
3.2
7603 Downs Farm Pl #203 Louisville, KY
3 BR | Available Now
Contact
Balcony, Deck, Patio
Dishwasher
17
Call for Pricing
Madison Apartments, LLC
2.0
559 Ovo Drive Madison, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Storage
7
$755 - 870
Bonaventure
3511 Bonaventure Blvd. Louisville, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Disability Access
31
$859 - 1,359
Rolling Hills
9100 Rainbow Springs Ct. Louisville, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
10
Call for Pricing
Maple Street Apartments
555 Maple St Lebanon, KY
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Surface Parking
16
$1 - 250
Belmont Court Apartments - Affordable Community
633 Belmont St Harrodsburg, KY
1 - 3 BR | Available Now
Contact
Income Restricted
20
$950 - 1,400
The Henry Clay
604 South 3rd Street Louisville, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Covered Parking
8
$700 - 925
2101 Cardinal Woods Dr
Louisville, KY
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
4
$800
Park Row Apartments
3520 Park Row Dr Louisville, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
8
$1,025
3100 Orchard Manor Cir
Louisville, KY
2 BR | Jul. 1, 2023
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
47
3D Tour
$1,498 - 2,869
SpringHouse
Deal
8400 Tapestry Circle Louisville, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
30
$1,017 - 1,693
Beecher Terrace Apartments
Deal
2.2
980 W Liberty St Louisville, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Pool
6
$1,017
5809 Russett Pl
Louisville, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Disability Access
Dishwasher
1 - 30 of 106 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 - $1,720
1BR $1,040 $640 - $1,580
2BR $1,280 $760 - $1,910
3BR $1,480 $790 - $2,080
4+BR $2,100 $1,520 - $3,130
Frequently Asked Questions

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

Rentable.co has over 17,088 apartments available in Louisville.

What is the average rent for a studio apartment in Louisville, KY?

The average rent for a studio apartment in Louisville is around $800 per month.

What is the average rent for a one-bedroom apartment in Louisville, KY?

The average rent for a one-bedroom apartment in Louisville is around $1,040 per month.

What is the average rent for a two-bedroom apartment in Louisville, KY?

The average rent for a two-bedroom apartment in Louisville is around $1,280 per month.

How expensive is living in Louisville, KY?

Based on average rent prices in Louisville, to afford a studio apartment you would need an annual salary of $32,000 to live comfortably.

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

Rentable.co has 2 apartments under $500 available for rent in Louisville.

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

  1. East Main
  2. South Louisville

Asset 2
Apartments by Bedrooms
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Apartments by Affordability
Apartments Under $700
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Apartments Under $800
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Louisville:
June Rent Report

Welcome to the June 2023 Louisville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2023 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 May to June

Louisville rent prices decreased over the last month. From May to June, the city experienced a -0.19% decrease for the price of a one-bedroom apartment. The rent price for a Louisville one-bedroom apartments currently stands at $1,050.0.

When we take a look at the two-bedroom comparison from May to June, Louisville experienced a 0.24% increase for the price of a two-bedroom apartment. The rent price for a Louisville two-bedroom apartments currently stands at $1,245.0.

June 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, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Clarksville, IN .

  • Rent decreased in New Albany, IN.

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

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

June 2023 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.

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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Louisville, KY $1,052.0 -0.38% $1,242.0 0.16%
Clarksville, IN $1,121.0 2.37% $1,375.0 0.00%
New Albany, IN $800.0 0.00% $1,312.0 1.23%

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.