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Rental market trends in Louisville, KY

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Average Rent in Louisville, KY

Avg. RentAnnual Change
Studio - $1,302+13%
1 Bed - $1,104+7%
2 Beds - $1,314+7%
Last updated 3/22/2023

Average Apartment Cost in Louisville, KY

The average rent for apartments in Louisville, KY, is between $1,104 and $1,314 in 2023. For a studio apartment in Louisville, KY, the average rent is $1,302. When it comes to 1-bedroom apartments, the average rent in Louisville, KY, is $1,104. For a 2-bedroom apartment, the average rent is $1,314.

Apartment Rent Ranges in Louisville, KY

Apartment Prices

Neighborhood Apartment Rent Trends in Louisville, KY

NeighborhoodStudio Avg RentAnnual Change
West Louisville$1,655--
East Louisville$1,508+12%
The Highlands$1,334+15%
Phoenix Hill$1,322+8%
Clifton Heights$989-4%
Central Business District$959+63%
Bashford Manor$890+11%
Old Louisville$760+5%

How Other Cities Compare to Louisville, KY

CityStudio Avg RentAnnual Change
New Albany$699+6%

Louisville, KY Rent Trends

Neighborhood Information for Louisville, KY

What are the most affordable neighborhoods in Louisville, KY?

The most affordable neighborhoods in Louisville are South Louisville, where the average 1-bedroom apartment rent goes for $475, Clifton, where renters pay $695 on average for a 1-bedroom apartment, and Newburg, where the average 1-bedroom apartment rent goes for $744. If you're looking for other great deals, check out the listings in Bon Air ($749 for a 1-bedroom apartment) or Bashford Manor ($760 for a 1-bedroom apartment), compared to the $1,104 average for a Louisville 1-bedroom apartment.