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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 6/22/2024

Local Guide

See what Louisville, KY has to offer.

Local Reviews

We have lots of restaurants and small businesses near by. We are never to far from a gas station or a grocery store

Demographics

Education

High School

60%

Associate's

35%

Bachelor's

2%

Master's

3%

Doctorate

0%

Family Size

2 people

51%

3 people

25%

4 people

14%

5 people

6%

6+ people

4%

Household Income

0-50k

72%

50-100k

15%

100-150k

11%

150-200k

2%

200k+

0%

Age

0-10

7%

10-20

8%

20-45

21%

45-65

39%

65+

24%

Rent Trends

Average rent in Hallmark, 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 Hallmark, 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 6/22/2024

Cost of Living

Compared to State Average

1.6%

Compared to National Average

4.4%

The cost of living in Hallmark, Louisville, KY is 1.6% higher than the state average and 4.4% lower than the national average. Hallmark, Louisville, KY housing is 20.1% less expensive than the U.S average, while utilities are about 12.8% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 0.4% less in Hallmark, Louisville, KY than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 16.3% more here compared to the U.S. average.
Cost of Living in Hallmark, Louisville, KYCompared to State AverageCompared to National Average
Housing
2.6%
20.1%
Utilities
6.7%
12.8%
Food
0.6%
0.4%
Transportation
2.1%
4.8%
Healthcare
13.7%
16.3%

Compare Other Cities

CityStudio Avg RentAnnual Change
Louisville$1,061-17%
Jeffersontown$900--
Jeffersonville$887-3%
New Albany$720+3%
City1 Bed Avg RentAnnual Change
Elizabethtown$1,269--
Charlestown$1,174+18%
Louisville$1,078-3%
Jeffersontown$950+19%
Sellersburg$919-16%
Jeffersonville$909-5%
Clarksville$820+3%
Shelbyville$765+7%
New Albany$750+3%
Scottsburg$7250%
City2 Beds Avg RentAnnual Change
Elizabethtown$1,500+30%
Shepherdsville$1,500--
Vine Grove$1,300+18%
Louisville$1,2950%
Bardstown$1,250+5%
Sellersburg$1,169-15%
Charlestown$1,1690%
Jeffersonville$1,044+2%
Shelbyville$1,0150%
Radcliff$1,000--
Scottsburg$975+11%
Clarksville$959+3%
New Albany$955+11%
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, Irish Hill, and Butchertown. A 1-bedroom apartment in The Highlands averages at $1,789, in Irish Hill it averages $1,459, and in Butchertown, the average is $1,325. For additional high-end living options, East Louisville offers 1-bedroom apartments at $1,215, and Deer Park at $1,199. 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 Butchertown, Algonquin, and California. In Butchertown, the average rent for a 1-bedroom apartment is $1,325. Algonquin sees average rents of $800 for a 1-bedroom unit. California offers similar appeal with 1-bedroom apartments averaging $700. For those seeking other popular areas, South Louisville presents 1-bedroom apartments at $995, and Irish Hill at $1,459. 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%
Butchertown$982--
South Side$904+42%
Bashford Manor$904+2%
Neighborhood1 Bed Avg RentAnnual Change
Irish Hill$1,4590%
Butchertown$1,325+4%
East Louisville$1,215+2%
Deer Park$1,199+20%
Camp Taylor$1,195--
Worthington$1,144-17%
Saint Joseph$1,129+5%
Cherokee Triangle$1,100+16%
Iroquois Park$1,100--
Clifton Heights$1,059+5%
West Louisville$1,006+19%
St. Dennis$999--
South Louisville$995--
Wilder Park$986--
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
Butchertown$1,700--
East Louisville$1,482+2%
Saint Joseph$1,415-4%
Germantown$1,350--
Bonnycastle$1,350--
Clifton$1,300--
Cherokee Triangle$1,275+2%
Iroquois Park$1,255--
Iroquois$1,255--
Tyler Park$1,250--
Worthington$1,244-29%
St. Dennis$1,228-1%
Clifton Heights$1,219-12%
Schnitzelburg$1,200--
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

26%

30-40 Mins

31%

40-60 Mins

11%

60+ Mins

5%

Transportation Scores

Percentage: 2323

Walk Score®

Walkable

Yes

Say 1 of 1 renters

Has Sidewalks

Yes

Say 1 of 1 renters

Percentage: 3939

Bike Score®

Bike Friendly

Yes

Say 1 of 1 renters

Percentage: 3535

Transit Score®

They Are Located Near Public Transportation

Yes

Say 1 of 1 renters

Area Amenities

Top Score

Childcare

1.5/5 stars based on undefined reviews

Calling all caregivers: childcare options around here are a bit scarce.

  1. A high number of daycares per resident
  2. 20% more daycares than average
  3. 93% more daycares than areas of a similar size

Nightlife

1/5 stars based on undefined reviews

Finding a bar around here is no small feat.

  1. Few bars and clubs per resident
  2. An average number of bars and clubs
  3. A standard number of bars and clubs compared to areas of a similar size

Parks

1/5 stars based on undefined reviews

Almost zero flower power to be had. Hallmark Louisville gets a low score for parks

  1. Few parks per resident
  2. An average number of parks
  3. A standard number of parks compared to areas of a similar size

Retail Shops

1/5 stars based on undefined reviews

Hallmark Louisville isn't on the top of our shopping list.

  1. Few shops per resident
  2. An average number of shops
  3. A standard number of shops compared to areas of a similar size

Pet Services

1/5 stars based on undefined reviews

Pets may want to go elsewhere for their fur-ever home.

  1. Few pet facilities per resident
  2. An average number of pet facilities
  3. A standard number of pet facilities compared to areas of a similar size

Fine Arts

1/5 stars based on undefined reviews

Pretty sketchy when it comes to fine art.

  1. Few fine art centers per resident
  2. An average number of fine art centers
  3. A standard number of fine art centers compared to areas of a similar size

Medical Care

1/5 stars based on undefined reviews

More medical care in Hallmark Louisville. Stat!

  1. Few medical facilities per resident
  2. An average number of medical facilities
  3. A standard number of medical facilities compared to areas of a similar size

Gas Stations

1/5 stars based on undefined reviews

The gas stations here are few and far between.

  1. Few gas stations per resident
  2. An average number of gas stations
  3. A standard number of gas stations compared to areas of a similar size

Schools

Percentage: 1/51/5

School Score

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

Top Schools in Hallmark Louisville

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

Find Houses in Nearby Cities

City1 Bed Price2 Beds Price
Louisville, KY 3.3 miles$1,078$1,295
New Albany, IN 4.6 miles$750$955
Jeffersonville, IN 7.5 miles$909$1,044
Clarksville, IN 5.7 miles$820$959
Shively, KY 1.9 miles------
Shepherdsville, KY 16.8 miles---$1,500
New Albany, KY 4.5 miles------
Sellersburg, IN 12.5 miles$919$1,169
Beechmont, KY 3.6 miles------
Valley Station, KY 8.5 miles------

Find Houses in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Park Hill 1.3 miles------
Chickasaw 1.7 miles------
Taylor Berry 1.5 miles------
Parkland 1.4 miles------
Park Duvalle 0.6 miles------
Algonquin 1.2 miles$800$850
California 1.9 miles$700---