Apartments for Rent in Louisville, KY under $500
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1 bd $500+Base rent5.0 (2)1309 Dixie Hwy, Louisville, KY 40210Apply online
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Only 2 units left1 bd $500+Base rent3.0 (4)1361 South Floyd Street, Louisville, KY 40208Apply online • Cat friendly -
2 bd $425+Base rent2410 Elliott Avenue, Louisville, KY 40211Pet friendly
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1 bd $479+Base rent2733 West Market Street, Louisville, KY 40212Pet friendly
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1 bd $500Base rent2243 West Jefferson Street, Louisville, KY 40212Apply online • Cat friendly
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Only 1 unit left3 bd $450Base rent1009 South 28Th Street, Louisville, KY 40211Pet friendly -
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Only 1 unit left2 bd $400Base rent2145 Rowan Street, Louisville, KY 40212Pet friendly -
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Only 1 unit left2 bd $450Base rent1752 West Oak Street, Louisville, KY 40210Apply online • Pet friendly -
Only 1 unit left1 bd $475Base rent2703 Slevin Street, Louisville, KY 40212Pet friendly -
Only 1 unit left1 bd $3753 bd $300Base rent3177 South Third Street, Louisville, KY 40214Apply online
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Studio $300Base rent5.0 (1)4315 Southern Parkway, Louisville, KY 40214Pet friendly
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1 bd $500Base rent729 S 39Th St., Louisville, KY 40211Pet friendly -
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Studio $1+Base rent5800 Santa Fe Trail, Louisville, KY 40258Pet friendly -
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Studio $1Base rent1718 Lamkins Ct, Louisville, KY 42016Pet friendly
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Frequently asked questions
When were prices and availability in Louisville, KY last updated?
Prices and availability in Louisville, KY were last updated on 24 Jun 2026.
What are the best apartments in Louisville, KY?
The best apartments in Louisville, KY are: Waterford Place, Stonewater Apartments, Station JTown, Park Place Apartments and Enclave at Breckenridge.
What type of rental buildings are in Louisville, KY?
In Louisville, 38% of the residents are renting compared to 62% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 10% of Louisville's rentals, 62% are small-scale complexes with under 50 units, and 27% are single-family rentals.
Renting apartments in Louisville, KY under $500
Searching for apartments for rent in Louisville, KY under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Louisville, KY, where the average rent is $497 per month, there are 27 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Louisville, KY. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Louisville, KY going for $300 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.