Louisville, KY Rental Market Trends
What is the average rent in Louisville?
The average rent for an apartment in Louisville is $1,217. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Louisville, KY
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,217 | 931 sq. ft. |
What is the average apartment size in Louisville?
The average size for a Louisville, KY apartment is 931 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Louisville, KY apartment rent ranges
Louisville, KY Occupied Housing Units
119,556 or 38% of the households in Louisville, KY are renter-occupied while 193,002 or 62% are owner-occupied.
Louisville, KY rent trends
Average Rent in Louisville, KY By Neighborhood
| City | Average Rent |
|---|---|
| Algonquin | $1,842 |
| Cherokee Triangle | $1,473 |
| Highlands | $1,473 |
| Old Louisville | $1,456 |
| Fox Run | $1,435 |
| Berrytown | $1,428 |
| Saint Joseph | $1,423 |
| Lyndon | $1,385 |
| Westport Industrial Park | $1,379 |
| Middletown | $1,353 |
| Plantation | $1,349 |
| Chamberlain Square | $1,339 |
| Hickory Hill | $1,339 |
| Wemberley Hill Gardens | $1,339 |
| St. Matthews | $1,319 |
| Irish Hill | $1,317 |
| Jeffersontown | $1,303 |
| Bristol Oaks | $1,274 |
| Stone Lakes | $1,274 |
| Crescent Hill | $1,253 |
| Bowman | $1,249 |
| Butchertown | $1,246 |
| Clifton | $1,246 |
| Clifton Heights | $1,246 |
| Apple Valley | $1,224 |
| Pleasant Valley | $1,224 |
| Hillview | $1,163 |
| Indian Falls | $1,163 |
| Wallace | $1,163 |
| Bon Air | $1,137 |
| Klondike | $1,137 |
| Louisville Central Business District | $1,134 |
| Bardstown Woods | $1,133 |
| Fern Creek Acres | $1,133 |
| Keeling Place | $1,133 |
| Seaton Springs | $1,133 |
| Golden Meadows | $1,118 |
| Orell Station | $1,118 |
| Valley Farms | $1,118 |
| Village at Wildwood | $1,066 |
| Woodfield Commons | $1,051 |
| Buechel Terrace | $1,037 |
| Orchard Lakes | $1,037 |
| West Buechel | $1,037 |
| Watterson Park | $1,024 |
| Belknap | $1,016 |
| Deer Park | $1,016 |
| Southern Acres | $1,014 |
| Meadow Hill | $996 |
| Vinehill | $996 |
| Greenwood Estates | $993 |
| Hunters Creek | $993 |
| Riverport | $993 |
| St. Rose | $993 |
| Indian Forest | $992 |
| Kenwood Hill | $983 |
| Southland Park | $983 |
| Lynnview | $977 |
| Prestonia | $977 |
| St Andrews Park | $968 |
| California | $903 |
| Jacobs | $885 |
| Vogt | $876 |
| Oak Lawn Estates | $875 |
| Rockford Estates | $875 |
| Shively | $875 |
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What are the most affordable neighborhoods in Louisville?
The most affordable neighborhoods in Louisville are Oak Lawn Estates, where the average rent goes for $875/month, Rockford Estates, where renters pay $875/mo on average, and Shively, where the average rent goes for $875/mo. If you’re looking for other great deals, check out the listings from Vogt ($876), Jacobs ($885), and California ($903), where the asking prices are below the average Louisville rent of $1,217/mo.
What are the most expensive neighborhoods in Louisville?
The most expensive neighborhoods in Louisville are Cherokee Triangle ($1,473), Highlands ($1,473) and Algonquin ($1,842).
What are the most popular neighborhoods in Louisville?
The most popular neighborhood in Louisville is Cherokee Triangle, where there are 3 listings with an average rent of $1,473. Next up is Lyndon, where apartments go for $1,385/month, followed by Crescent Hill with $1,253 If you’re looking to rent in Louisville’s most popular neighborhoods, make sure to also check out Louisville Central Business District, where renters pay $1,134 on average, and Belknap, where the average monthly rent is $1,016.
Louisville | Rent Comparison by Neighborhood
Rent in Algonquin is 50% higher than in Apple Valley
$1,842
Algonquin rent is 51% higher than Louisville average
Average Rent
$1,842
$1,224
Apple Valley rent is 1% higher than Louisville average
Average Rent
$1,224
How Louisville Compares to Other Cities
| State | Average Rent |
|---|---|
| Louisville | $1,217 |
| Lexington | $1,246 |
| Erlanger | $1,147 |
| Lyndon | $1,385 |
| New Albany | $1,051 |
| Florence | $1,275 |
| Ft Mitchell | $1,081 |
| Jeffersonville | $1,141 |
| Crestwood | $1,367 |
| Newport | $1,405 |
| Shelbyville | $974 |
| St. Matthews | $1,319 |
What is the average price for a storage unit in Louisville?
The average rent for a non-climate-controlled 10'x10' storage unit in Louisville is $99.06. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Louisville
RentCafeAPIv2 Property Gamma
1420 Gardiner Ln, Louisville, KY 40231| 1 BED | $1,325+ |
| 2 BEDS | N/A |
| 3+ BEDS | $1,343+ |
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English Grill
335 West Broadway, Louisville, KY 40202| 1 BED | $1,000 |
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Mojito In Havana
3939 Shelbyville Road, Louisville, KY 40207| 1 BED | $1,000 |
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Proof On Main
702 West Main Street, Louisville, KY 40202| 1 BED | $1,000 |