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Average Rent in Louisville, KY

Avg. RentAnnual Change
Louisville Studio - $1,061-17%
Louisville 1 Bed - $1,078-3%
Louisville 2 Beds - $1,2950%
Last updated 6/11/2024

Local Guide

See what Louisville, KY has to offer.

Local Reviews

It's near my family it's close to the grocery store it's close to convenient storess and restaurant I like going to movies and out to eat with family and friends

Like most of people in neighborhood. Have a park close by. Kroger store close by. I like going to church with my friends.

Cost of living and proximity to downtown. Easy access to interstate & direct access to downtown. Small business that are different than what you find in other parts of the city. Art spaces

Really don't like living here don't go anywhere to. Scared.cant go out without something bad happening

The most unique thing about my neighborhood is that I live in a house across from apartments that are also apart of the neighborhood. My favorite restaurant is Wendy's because their food is very good and affordable. Also, I like to walk with my friends to go downtown to do some shopping and hang out.

There are lots of eateries. Scenic areas, including dog parks, a cat Cafe, and a dog Cafe. I love all the restaurants as well.

Demographics

Education

High School

41%

Associate's

31%

Bachelor's

17%

Master's

9%

Doctorate

1%

Family Size

2 people

45%

3 people

26%

4 people

16%

5 people

7%

6+ people

5%

Household Income

0-50k

58%

50-100k

26%

100-150k

9%

150-200k

4%

200k+

3%

Age

0-10

13%

10-20

12%

20-45

36%

45-65

26%

65+

13%

Affordability

Percentage: 3/53/5

Renters gave this area a 3 out of 5 for affordability

Last updated 6/11/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Louisville, KY

In Louisville, KY, as of 2024, the average rent for apartments ranges from $1,061 to $1,295. Specifically, the average rent for a studio apartment in Louisville, KY is $1,061. For those seeking a 1-bedroom apartments, the average rent is $1,078. And for a 2-bedroom apartment, renters can expect to pay an average of $1,295.

Annual Rent Change Over the Past 12 Months

Studio

-17%

Changed from $1,278 to $1,061
1 Bed

-3%

Changed from $1,111 to $1,078
2 Beds

0%

Changed from $1,295 to $1,295
Last updated 6/11/2024

Rent Ranges

Apartment PricesProportion
7%
36%
36%
15%
6%

Compare Other Cities

CityStudio Avg RentAnnual Change
Fairdale$1,319-14%
Louisville$1,061-17%
Jeffersontown$900--
Jeffersonville$887-3%
New Albany$720+3%
Seymour$700-3%
Frankfort$637+23%
City1 Bed Avg RentAnnual Change
Elizabethtown$1,269--
Louisville$1,078-3%
Saint Matthews$1,075--
Fairdale$995+14%
Seymour$960+13%
Jeffersontown$950+19%
Sellersburg$919-16%
Jeffersonville$909-5%
Clarksville$820+3%
Frankfort$785+9%
Shelbyville$765+7%
New Albany$750+3%
City2 Beds Avg RentAnnual Change
Jeffersontown$1,975+93%
Elizabethtown$1,500+30%
Shepherdsville$1,500--
Saint Matthews$1,400--
Louisville$1,2950%
Bardstown$1,250+5%
Sellersburg$1,169-15%
Seymour$1,100+7%
Jeffersonville$1,044+2%
Fairdale$1,025+3%
Shelbyville$1,0150%
Radcliff$1,000--
Clarksville$959+3%
New Albany$955+11%
Frankfort$885+6%
Corydon$8090%
Madison$6410%

Compare Neighborhoods

Southside

$1

1 Bed Avg. Rent

Shawnee

$650

1 Bed Avg. Rent

Beechmont

$699

1 Bed Avg. Rent

What are the most affordable neighborhoods in Louisville, KY?

For renters in Louisville seeking more affordable options, the neighborhoods to watch are Southside, Shawnee, and Beechmont, where average rents for 1-bedroom apartments stand at $1, $650, and $699 respectively. Additional areas offering value are California and Iroquois, where the rents are $700 and $700, a favorable comparison to Louisville's overall 1-bedroom average of $1,078.

What are the most expensive neighborhoods in Louisville, KY?

In Louisville, the neighborhoods commanding the highest rents are The Highlands, Phoenix Hill, and Irish Hill. A 1-bedroom apartment in The Highlands averages at $1,789, in Phoenix Hill it averages $1,789, and in Irish Hill, the average is $1,459. For additional high-end living options, Butchertown offers 1-bedroom apartments at $1,325, and East Louisville at $1,215. These rates compare to the overall average rent of $1,078 for a 1-bedroom apartment in Louisville, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Louisville, KY?

In Louisville, the most sought-after neighborhoods for renters include Phoenix Hill, Central Business District, and University. In Phoenix Hill, the average rent for a 1-bedroom apartment is $1,789. Central Business District sees average rents of $1,154 for a 1-bedroom unit. University offers similar appeal with 1-bedroom apartments averaging $985. For those seeking other popular areas, Butchertown presents 1-bedroom apartments at $1,325, and South Louisville at $995. These prices are set against the backdrop of the city-wide average of $1,078 for a 1-bedroom apartment in Louisville, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
East Louisville$1,6490%
Irish Hill$1,3390%
West Louisville$1,319-14%
The Highlands$1,172-12%
Phoenix Hill$1,172-4%
Central Business District$1,009+5%
Butchertown$982--
South Side$904+42%
Bashford Manor$904+2%
University$6750%
Neighborhood1 Bed Avg RentAnnual Change
Irish Hill$1,4590%
Butchertown$1,325+4%
East Louisville$1,215+2%
Central Business District$1,1540%
Worthington$1,144-17%
Saint Joseph$1,129+5%
Cherokee Triangle$1,100+16%
Henning Speeds$1,100+16%
Clifton Heights$1,059+5%
West Louisville$1,006+19%
St. Dennis$999--
South Louisville$995--
Wilder Park$986--
University$9850%
Old Louisville$905+3%
Crescent Hill$900--
Clifton$900--
South Side$890+9%
Bon Air$869+10%
Newburg$855+15%
Russell$854+12%
Shelby Park$850+7%
Bashford Manor$829+9%
Algonquin$800--
Audubon$795--
California$700--
Iroquois$700--
Beechmont$699--
Shawnee$650--
Neighborhood2 Beds Avg RentAnnual Change
The Highlands$1,894-8%
Butchertown$1,700--
Central Business District$1,650--
East Louisville$1,482+2%
Saint Joseph$1,415-4%
Germantown$1,350--
Clifton$1,300--
Cherokee Triangle$1,275+2%
Henning Speeds$1,275+2%
Iroquois$1,255--
Tyler Park$1,250--
Worthington$1,244-29%
St. Dennis$1,228-1%
Clifton Heights$1,219-12%
University$1,2100%
West Louisville$1,180+16%
Crescent Hill$1,086+8%
Russell$1,081+12%
South Side$1,029+7%
Bashford Manor$1,009+16%
Old Louisville$1,005--
Newburg$991+10%
Smoketown$950--
Algonquin$850--
Audubon$825--
Shawnee$800--
Southside$750-10%
Bon Air$728--

Transportation

Commute Time

0-15 Mins

27%

15-30 Mins

51%

30-40 Mins

13%

40-60 Mins

5%

60+ Mins

4%

Transportation Scores

Percentage: 4646

Walk Score®

Walkable

No

Say 51 of 97 renters

Has Sidewalks

Yes

Say 67 of 97 renters

Percentage: 5151

Bike Score®

Bike Friendly

Yes

Say 52 of 97 renters

Percentage: 3030

Transit Score®

They Are Located Near Public Transportation

Yes

Say 58 of 97 renters

Need A Car

No

Say 62 of 97 renters

Area Amenities

Top Score

Grocery Stores

4.5/5 stars based on undefined reviews

There are some super markets around here.

  1. A high number of grocery stores per resident
  2. Significantly more grocery stores than average
  3. A standard number of grocery stores compared to areas of a similar size

Restaurants

4.5/5 stars based on undefined reviews

Great service and no need for reservations. A great place for food.

  1. A high number of restaurants per resident
  2. Significantly more restaurants than average
  3. 6% fewer restaurants than areas of a similar size

Coffee

4.5/5 stars based on undefined reviews

We're full of beans for Louisville's coffee shop scene.

  1. A high number of coffee shops per resident
  2. Significantly more coffee shops than average
  3. 14% fewer coffee shops than areas of a similar size

Nightlife

4.5/5 stars based on undefined reviews

Get your dance shoes on, Louisville looks good for nightlife.

  1. A high number of bars and clubs per resident
  2. Significantly more bars and clubs than average
  3. 13% fewer bars and clubs than areas of a similar size

Parks

4.5/5 stars based on undefined reviews

Louisville is team green. Parks get a high score.

  1. A high number of parks per resident
  2. Significantly more parks than average
  3. A standard number of parks compared to areas of a similar size

Retail Shops

4.5/5 stars based on undefined reviews

A shopaholic favorite. Louisville has a lot of style.

  1. A high number of shops per resident
  2. Significantly more shops than average
  3. 12% more shops than areas of a similar size

Health and Fitness

4.5/5 stars based on undefined reviews

Pumped and lifting a solid 4.5 stars for fitness.

  1. A high number of gyms per resident
  2. Significantly more gyms than average
  3. A standard number of gyms compared to areas of a similar size

Pet Services

4.5/5 stars based on undefined reviews

Louisville is real pawsitive for your pets.

  1. A high number of pet facilities per resident
  2. Significantly more pet facilities than average
  3. 39% more pet facilities than areas of a similar size

Fine Arts

4.5/5 stars based on undefined reviews

This place gets the picture when it comes to art.

  1. A high number of fine art centers per resident
  2. Significantly more fine art centers than average
  3. 36% fewer fine art centers than areas of a similar size

Medical Care

4.5/5 stars based on undefined reviews

The great medical care here is just what the doctor ordered.

  1. A high number of medical facilities per resident
  2. Significantly more medical facilities than average
  3. 20% fewer medical facilities than areas of a similar size

Gas Stations

4.5/5 stars based on undefined reviews

You won't have to drive far to fill up around here.

  1. A high number of gas stations per resident
  2. Significantly more gas stations than average
  3. 9% more gas stations than areas of a similar size

Area Features

Noise Late At Night

No

Say 77 of 97 renters

Area Has Litter

No

Say 76 of 97 renters

Good Place To Raise A Family

Yes

Say 69 of 97 renters

Area Has Potholes

No

Say 67 of 97 renters

Near Grocery Stores

Yes

Say 64 of 97 renters

Busy Streets

No

Say 63 of 97 renters

Pet Friendly

Yes

Say 60 of 97 renters

Mostly Older Buildings

No

Say 58 of 97 renters

Near Schools

Yes

Say 58 of 97 renters

Area Has Kids Play Outside

Yes

Say 52 of 97 renters

Quiet Area

Yes

Say 51 of 97 renters

Safe For Families

Yes

Say 51 of 97 renters

Near Highways

Yes

Say 49 of 97 renters

Maintained Yards

No

Say 52 of 97 renters

Tree Lined Streets

No

Say 53 of 97 renters

Nearby Parks

No

Say 56 of 97 renters

Well Lit

No

Say 59 of 97 renters

Near Downtown

No

Say 61 of 97 renters

Nice Views

No

Say 76 of 97 renters

Mostly Newer Buildings

No

Say 86 of 97 renters

Schools

Percentage: 4/54/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Louisville

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Apartments in Nearby Cities

City1 Bed Price2 Beds Price
Louisville, KY$1,078$1,295
New Albany, IN 4.1 miles$750$955
Jeffersonville, IN 4.3 miles$909$1,044
Clarksville, IN 2.9 miles$820$959
Saint Matthews, KY 5.6 miles$1,075$1,400
Springville, IN 12.6 miles------
Shively, KY 5.1 miles------
New Albany, KY 4.1 miles------
Jeffersontown, KY 11.4 miles$950$1,975
Beechmont, KY 5 miles------