If you’re searching for a new place to live in Louisville, rent prices are probably one of the most important factors in your decision. Apartment rental prices in Louisville neighborhoods have continued to increase over the years. Luckily, even in 2026, there are some Louisville neighborhoods that do offer budget friendly, affordable rental rates. The list of the cheapest neighborhoods in Louisville for renters is sorted by lowest median rental rates compared to the Louisville average.

Population 1,304
-59%
Median Rent $542 / month
59% less expensive than Louisville
Population 1,084
-36%
Median Rent $835 / month
36% less expensive than Louisville
Population 1,396
-30%
Median Rent $914 / month
30% less expensive than Louisville
Population 2,307
-27%
Median Rent $956 / month
27% less expensive than Louisville
Population 10,587
-26%
Median Rent $974 / month
26% less expensive than Louisville
Population 2,324
-23%
Median Rent $1,015 / month
23% less expensive than Louisville
Population 6,996
-17%
Median Rent $1,093 / month
17% less expensive than Louisville
Population 2,789
-16%
Median Rent $1,098 / month
16% less expensive than Louisville
Population 8,557
-16%
Median Rent $1,108 / month
16% less expensive than Louisville
Population 9,923
-15%
Median Rent $1,112 / month
15% less expensive than Louisville
Is This the Right Place for You? Local Insights Report
  • Uncover the key details before you move
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Local Insights Report