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Louisville, KY Demographics
- Total Population738,336
Female 356,791Male 381,544
- Median Age37
Average Rent in Louisville, KY
- Louisville, KY Average Rental Price, December 2019 $965 /mo
Louisville, KY Apartment Rent Ranges
- < $5001%
- > $2,0002%
Louisville, KY Rent Trends
|Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Dec / 2019|
Average rent is projected to grow by 3% in 2019 compared to 2018.
Please note that projected rent growth is calculated at city level.
Louisville, KY Households
- Total Number of Households298,553
Family 178,224Non-family 120,329
Children 85,371No Children 213,182
- Average People Per Household2.5
- Median Household Income$51,398
- Median Housing Costs Per Month$871
Louisville, KY Education Statistics
- No High School3%
- Some High School35%
- Some College26%
- Associate Degree7%
- Bachelor Degree17%
- Graduate Degree11%
Renting a 3 bedroom apartment in Louisville, KY
Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,105 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Louisville, KY, rents on 3 bedroom apartments go up to $3,474. 78 rental properties offer 3 bedroom units in Louisville, KY to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.
Tips on finding a cheap 3 bedroom apartment in Louisville, KY
For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $675 in Louisville, KY, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like Moss Creek or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.