Rental market trends in Louisville, KY
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Average Apartment Cost in Louisville, KY
Apartment Rent Ranges in Louisville, KY
Apartment Prices Proportion | |
|---|---|
Neighborhood Apartment Rent Trends in Louisville, KY
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| West Louisville | $1,655 | -- |
| East Louisville | $1,508 | +12% |
| The Highlands | $1,334 | +15% |
| Phoenix Hill | $1,322 | +8% |
| Highlands | $1,149 | -18% |
| Clifton Heights | $989 | -4% |
| Central Business District | $959 | +63% |
| Bashford Manor | $890 | +11% |
| Old Louisville | $760 | +5% |
| University | $675 | +13% |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Harrods Creek | $1,675 | +27% |
| Phoenix Hill | $1,660 | +29% |
| Highlands | $1,649 | -8% |
| The Highlands | $1,524 | 0% |
| Worthington | $1,262 | +30% |
| Deer Park | $1,199 | +37% |
| East Louisville | $1,157 | +5% |
| Central Business District | $1,154 | +14% |
| Saint Joseph | $1,059 | -- |
| Clifton Heights | $1,009 | +6% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Phoenix Hill | $2,049 | +4% |
| Harrods Creek | $1,807 | +10% |
| East Louisville | $1,417 | +4% |
| Clifton Heights | $1,379 | +6% |
| Saint Joseph | $1,269 | +30% |
| Cherokee Triangle | $1,250 | 0% |
| Henning Speeds | $1,250 | 0% |
| St. Dennis | $1,245 | +38% |
| South Side | $1,214 | +37% |
| University | $1,210 | +9% |
How Other Cities Compare to Louisville, KY
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Fairdale | $1,655 | -- |
| Clarksville | $999 | 0% |
| Jeffersonville | $910 | -- |
| Seymour | $750 | +3% |
| New Albany | $699 | +6% |
| Frankfort | $517 | -- |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Saint Matthews | $1,074 | -- |
| Jeffersonville | $954 | +29% |
| Fairdale | $952 | +20% |
| Seymour | $850 | +23% |
| Sellersburg | $847 | -5% |
| Clarksville | $789 | -27% |
| Elizabethtown | $740 | +5% |
| New Albany | $729 | +6% |
| Frankfort | $720 | -6% |
| Shelbyville | $715 | +5% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Bardstown | $1,187 | +16% |
| Elizabethtown | $1,150 | +28% |
| Fairdale | $1,065 | +19% |
| Jeffersonville | $1,062 | +22% |
| Seymour | $1,030 | +26% |
| Sellersburg | $999 | -4% |
| Shelbyville | $995 | +9% |
| New Albany | $959 | +3% |
| Clarksville | $940 | -25% |
| Shepherdsville | $900 | +37% |
Louisville, KY Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 |
| $1152 | $1154 | $1154 | $1154 | $1159 | $1154 | $1154 | $1151 | $1148 | $1144 | $1144 | $1144 | $1144 |
| $1027 | $1018 | $1029 | $1064 | $1117 | $1144 | $1142 | $1121 | $1129 | $1162 | $1155 | $1135 | $1104 |
| $1224 | $1227 | $1234 | $1208 | $1244 | $1262 | $1265 | $1279 | $1287 | $1274 | $1317 | $1322 | $1314 |
| $1469 | $1424 | $1443 | $1462 | $1528 | $1549 | $1549 | $1547 | $1504 | $1471 | $1469 | $1515 | $1513 |
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.
What are the most expensive neighborhoods in Louisville, KY?
The most expensive neighborhoods in Louisville are Harrods Creek, where the average 1-bedroom apartment rent goes for $1,675, Phoenix Hill, where renters pay $1,660 on average for a 1-bedroom apartment, and Highlands, where the average 1-bedroom apartment rent goes for $1,649. If you're looking for other premium neighborhoods, check out the listings in The Highlands ($1,524 for a 1-bedroom apartment) or Worthington ($1,262 for a 1-bedroom apartment), compared to the $1,104 average for a Louisville 1-bedroom apartment.
What are the most popular neighborhoods in Louisville, KY?
The most popular neighborhoods in Louisville are University, where the average 1-bedroom apartment rent goes for $985, Shelby Park, where renters pay $795 on average for a 1-bedroom apartment, and Saint Joseph, where the average 1-bedroom apartment rent goes for $1,059. If you're looking for other popular neighborhoods, check out the listings in Old Louisville ($905 for a 1-bedroom apartment) or Phoenix Hill ($1,660 for a 1-bedroom apartment), compared to the $1,104 average for a Louisville 1-bedroom apartment.
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