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Rental market trends in Louisville, KY

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Average Rent in Louisville, KY

Average Rent in Louisville, KY

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

Average Apartment Cost in Louisville, KY

The average rent for apartments in Louisville, KY, is between $1,061 and $1,295 in 2024. For a studio apartment in Louisville, KY, the average rent is $1,061. When it comes to 1-bedroom apartments, the average rent in Louisville, KY, is $1,078. For a 2-bedroom apartment, the average rent is $1,295.

Apartment Rent Ranges in Louisville, KY

Apartment PricesProportion
6%
32%
39%
16%
6%

Neighborhood Apartment Rent Trends in Louisville, KY

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--

How Other Cities Compare to Louisville, KY

CityStudio Avg RentAnnual Change
Fairdale$1,319-14%
Jeffersontown$900--
Jeffersonville$887-3%
New Albany$720+3%
Seymour$700-3%
Frankfort$637+23%
City1 Bed Avg RentAnnual Change
Elizabethtown$1,269--
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%
Scottsburg$7250%
City2 Beds Avg RentAnnual Change
Jeffersontown$1,975+93%
Elizabethtown$1,500+30%
Shepherdsville$1,500--
Saint Matthews$1,400--
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--
Scottsburg$975+11%
Clarksville$959+3%
New Albany$955+11%
Frankfort$885+6%
Corydon$8090%
Madison$6410%

Louisville, KY Rent Trends

Studio1 Bed2 Beds
Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024Jun 2024
$1309$1321$1307$1314$1264$1219$1239$1334$1210$1034$1061$1061$1051
$1154$1157$1159$1161$1124$1091$1064$1126$1101$1098$1114$1068$1107
$1336$1364$1355$1349$1289$1259$1254$1279$1289$1282$1302$1295$1289
$1649$1699$1682$1614$1614$1449$1459$1469$1489$1434$1424$1464$1464

Neighborhood Information for Louisville, KY

What are the most affordable neighborhoods in Louisville, KY?

The most affordable neighborhoods in Louisville are Southside, where the average 1-bedroom apartment rent goes for $1, Shawnee, where renters pay $650 on average for a 1-bedroom apartment, and Beechmont, where the average 1-bedroom apartment rent goes for $699. If you're looking for other great deals, check out the listings in California ($700 for a 1-bedroom apartment) or Iroquois ($700 for a 1-bedroom apartment), compared to the $1,078 average for a Louisville 1-bedroom apartment.

What are the most expensive neighborhoods in Louisville, KY?

The most affordable neighborhoods in Louisville are The Highlands, where the average 1-bedroom apartment rent goes for $1,789, Phoenix Hill, where renters pay $1,789 on average for a 1-bedroom apartment, and Irish Hill, where the average 1-bedroom apartment rent goes for $1,459. If you're looking for other great deals, check out the listings in Butchertown ($1,325 for a 1-bedroom apartment) or East Louisville ($1,215 for a 1-bedroom apartment), compared to the $1,078 average for a Louisville 1-bedroom apartment.

What are the most popular neighborhoods in Louisville, KY?

The most popular neighborhoods in Louisville are Phoenix Hill, where the average 1-bedroom apartment rent goes for $1,789, Central Business District, where renters pay $1,154 on average for a 1-bedroom apartment, and University, where the average 1-bedroom apartment rent goes for $985. If you're looking for other popular neighborhoods, check out the listings in Butchertown ($1,325 for a 1-bedroom apartment) or South Louisville ($995 for a 1-bedroom apartment), compared to the $1,078 average for a Louisville 1-bedroom apartment.

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