Apartments for Rent in Louisville, KY under $500
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1 bd $500Base rent2243 West Jefferson Street, Louisville, KY 40212Apply online • Cat friendly
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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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Studio $300Base rent5.0 (1)4315 Southern Parkway, Louisville, KY 40214Pet friendly
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3 bd $450Base rent1009 South 28Th Street, Louisville, KY 40211Pet friendly -
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2 bd $400Base rent2145 Rowan Street, Louisville, KY 40212Pet friendly -
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2 bd $450Base rent1752 West Oak Street, Louisville, KY 40210Pet friendly -
1 bd $475Base rent2703 Slevin Street, Louisville, KY 40212Pet friendly -
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1 bd $500Base rent729 S 39Th St., Louisville, KY 40211Pet friendly -
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Studio $1+Base rent4.0 (1)5800 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 14 Jul 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 housing is rented out compared to 62% of homes are owned, according to the most recent Census Bureau estimates. 11% of Louisville's apartments are found in large buildings of 50 units or more, 61% are located in smaller apartment complexes with less than 50 units, and 27% are single-family rentals.
Your search for apartments in Louisville, KY under $500 stops here
Finding apartments for rent in Louisville, KY for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 16 available units in Louisville, KY, renting for under $500. On average, $525 can get you 810 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.
We’ll help you find the best rental near you
Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Louisville, KY goes for $300 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.