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Apartments Under $500 in Louisville, KY

1 - 5 of 5 Results
15
$ Ask - 1,501
Guthrie-coke Lofts
566 South 4th Street Louisville, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
1
$ Ask - 775
1801 Oregon Ave
Louisville, KY
1 BR | Available Now
Contact
$414 - 600
Crps Homes
1244 S Fourth Street Louisville, KY
1 - 2 BR | Ask for Availability
Contact
$465 - 499
Old School
1.0
422 Heywood Ave Louisville, KY
Studio - 1 BR | Ask for Availability
Contact
Senior Community
$475
York Towers
4.0
201 York Street Louisville, KY
Studio | Ask for Availability
Contact
Income Restricted
Section 8
1 - 5 of 5 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 5 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 144 studio apartments under $500 available for rent in Louisville.

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

Rentable.co has 417 one-bedroom apartments under $500 available for rent in Louisville.

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

Rentable.co has 478 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

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

Welcome to the February 2026 Louisville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2026 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
15
The chart above provides an overview of the number of available apartments under $500 in Louisville, KY, and the surrounding cities as of February, 2026. 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 18.

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

City Apartments Under $500 in February M/M % Change
Louisville, KY 15 +1.02%
New Albany, IN 3 +1.0%
Jeffersontown, KY 1 +1.33%
Clarksville, IN 0 0.0%
Prospect, KY 0 +1.0%

Looking for Apartments Under $500 in Louisville?

Available apartments under $500 1,422
Top amenities Dishwasher, Walk In Closets, 24 Hour Maintenance, Roommate Matching, Picnic Area
Deals 37
Pet friendly 20
Utilities included 11
Furnished 8
1 Bedroom 20
2 Bedroom 13
3 Bedroom 19
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