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Apartments for Rent in Louisville, KY
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Average rent in Louisville, KY

$1,158/mo Louisville, KY average rental price, July 2022
Image Average Rent

The average monthly rent of apartments in Louisville, KY is $1,158.

    Louisville, KY apartment rent ranges

    About 43% of apartment rents in Louisville, KY range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 12% of apartments. Around 37% of Louisville’s apartments are in the $701-$1,000 price range. 5% of apartments are priced between $501-$700.

    Louisville, KY rent trends

    Check out the average rent prices in Louisville by neighborhood.

    Compared to the national average rent of $1,706, the average rent in Louisville, KY is $1,158.

    Getting around in Louisville, KY

    17 /100
    Car-Dependent
    35 /100
    Some Transit
    38 /100
    Somewhat Bikeable
    Walk Score®: 17, Transit Score®: 35, Bike Score®: 38

    Frequently asked questions

    When were prices and availability in Louisville, KY last updated?

    Prices and availability in Louisville, KY were last updated on 8 Dec 2022.

    What are the best apartments in Louisville, KY?

    The best apartments in Louisville, KY are: West Louisville - 306 S 43rd St, East Chase Apartments, The Grove at Lyndon, Meridian On Shelbyville and Westminster Apartments - Affordable Independent Senior Living.

    What is the average rent in Louisville, KY?

    The average rent in Louisville, KY is $1,158. Start your search for apartments in Louisville, KY now.

    What is the price range for a studio apartment in Louisville, KY?

    The price range for a studio apartment in Louisville, KY is between $729 and $2,100. View all studio apartments in Louisville, KY.

    What is the price range for a 1-bedroom apartment in Louisville, KY?

    The price range for a 1-bedroom apartment in Louisville, KY is between $575 and $3,650. Browse all available 1-bedroom apartments in Louisville, KY now.

    What is the price range for a 2-bedroom apartment in Louisville, KY?

    The price range for a 2-bedroom apartment in Louisville, KY is between $749 and $4,102. Browse and find a 2-bedroom apartment in Louisville, KY.

    What is the price range for a 3-bedroom apartment in Louisville, KY?

    The price range for a 3-bedroom apartment in Louisville, KY is between $760 and $7,659. Browse all available 3-bedroom apartments in Louisville, KY.

    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 8% of Louisville’s rentals, 61% are small-scale complexes with under 50 units, and 30% are single-family rentals.

    What do typical apartment communities look like in Louisville, KY?

    The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city.  In this case, the apartment buildings in Louisville are about 35 years old, on average. Of these, 32% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 90% of the rental communities here are low-rise, garden-style communities, 6% are mid-rises, and 4% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

    What apartment floorplans are common in Louisville, KY?

    Studio apartments in Louisville are around 4% of rentals, while 1-bedroom floor plans represent 35% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 51% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.

    Louisville, KY in the news

    Renter's guide to Louisville, KY

    Put on your fanciest hat and come to Derby City! Deemed one of the “Best Places to Travel” by Travel + Leisure Magazine, Louisville's a southern city with a mix of both classy and cool. It's also the home of the annual Kentucky Derby horse racing event.

    Louisville sits on the border of Indiana. It's about one-and-a-half times as large as Lexington, which is just 80 miles away, and four times bigger than Cincinnati, which is 83 miles to the north.

    The weather in Louisville is seasonal, with average high temperatures in July of 88°F, and January averages around 25°F. Typical snowfall in the winter is close to 12 inches, while Louisville roughly 195 sunny days per year. 

    Tips for renting in Louisville, KY

    If you’re ready to make the city your new home, there are a few things you should know about renting in Louisville.

    In Kentucky, a landlord can terminate your lease if your rent is overdue by seven days. Another unique feature of the state's landlord’s rights is that you must notify your them if you plan to leave your rental for seven or more days, like on a vacation.

    If you don’t, you're liable for any damage while you’re gone. If your rental is empty for more than seven days, the landlord has a right to enter the property at any time, even if there's no emergency. 

    Things for renting

    Louisville, KY demographics

    Louisville, KY has a population of 741,246 according to the most recent data from the U.S. Census Bureau. 383,674 of Louisville’s residents are women and 357,572 are men. The median age of those who live in Louisville, KY is 38.

    Living in Louisville, KY

    Some of the advantages of living in Louisville include its mild climate, low cost of living, and central location to so many other cities, like Cincinnati.

    But one disadvantage is the city's air pollution. Environmental Defense ranked Louisville’s air quality the country’s 38th-worst. Stagnant air over the Ohio River Valley lingers and traps pollution from power plants and automobile emissions.

    Louisville, KY households

    • 179,653 Family
      124,322 Non-family
    • 84,821 Children
      219,154 No Children
    • 303,975Total Number of Households
    • 2.45Average People Per Household
    • $55,302Median Household Income

    According to U.S. Census data, there are 303,975 households in Louisville, KY. 179,653 are family households and 124,322 are non-family households. There are 84,821 households with children in Louisville and 219,154 households without children. On average, about 2.45 people live in a household in Louisville, KY.

    Things to do in Louisville, KY

    There are so many things to do here. In fact, AARP Travel named Louisville the #1 “Best U.S. City to Visit”.

    No trip to the city is complete without a stop at Churchill Downs, home of the famed Kentucky Derby horse races. Two weeks prior to the actual races, the Kentucky Derby Festival kicks off, featuring parades, hot air balloon races, a marathon, and even the Great Steamboat Race. The Thunder Over Louisville gets it all started with the largest fireworks display in the country.

    Other fun things to do in Louisville include the annual five-day long Abbey Road on the River, the biggest Beatles festival in the world. Then there's the Forecastle Festival, a music and art festival that attracts national recording artists and over 35,000 concertgoers.

    Music, in general, is plentiful in the city. In fact, Time magazine called Louisville one of “America’s Best Music Scenes”.

    Things to do

    Music, in general, is plentiful in the city. In fact, Time magazine called Louisville one of “America’s Best Music Scenes”.

    The Kentucky State Fair takes place here every summer, while Kentucky Bourbon Festival celebrates the state’s favorite libation. Whatever you do, don’t forget to taste some of the city’s food. USA Today named Louisville the second best local food scene in the country. 

    Kids will enjoy a visit to the Kentucky Science Center, which features interactive, hands-on exhibits. Baseball fans will enjoy the Louisville Slugger Museum. And for skateboarding fans, the Louisville Extreme Park is a 24-hour skate park designed by legendary pro skater Tony Hawk.

    Renaissance Fun Park has laser tag, mini golf, and go-karts. Even more family fun can be had at Louisville's Waterfront Park, which features two playgrounds and plenty of water play. Then there's the Community Boathouse, with canoeing, kayaking, and rowing, while Iroquois Park provides a serene space to relax and check out events at its outdoor amphitheater.

    Renaissance Fun Park has laser tag, mini golf, and go-karts. Even more family fun can be had at Louisville's Waterfront Park, which features two playgrounds and plenty of water play. Then there's the Community Boathouse, with canoeing, kayaking, and rowing, while Iroquois Park provides a serene space to relax and check out events at its outdoor amphitheater.

    Louisville doesn't have any professional sports teams, but the Class AAA Louisville Bats baseball team play at the Louisville Slugger Field, and the Derby City Soccer and Louisville City FC soccer teams both attract big crowds.

    The city is also home to numerous cultural institutions. The largest and oldest art museum in Kentucky is the local Speed Art Museum, which features over 12,000 pieces. “Museum Row”, in the West Main District downtown, is home to the Frazier History Museum, the Kentucky Museum of Art and Craft, and The Muhammad Ali Center, which houses plenty of the boxing GOAT’s memorabilia.

    Theater fans get the Kentucky Shakespeare Festival and the Humana Festival of New American Plays. If that weren't enough, the Kentucky Center is home to the Louisville Ballet, the Louisville Orchestra, StageOne Family Theatre, and the Kentucky Opera.

    Things to do

    Louisville, KY employment & economy

    Glassdoor named Louisville a “Top 10 City for Jobs”. Shipping, health care, and medicine are among the major industries here, which includes both UPS’s global air-freight and Humana health insurance. A downtown medical research campus also helps spur jobs, as well as the city’s economy.

    One-third of the American whisky made in the US comes from Louisville, and Brown-Forman and Heaven Hill distilleries are both in town. There are a growing number of craft beer breweries here, as well. GE Appliances & Lighting is headquartered in Louisville, and two Ford Plants operate here. The city is also home to Yum! Brands, Hillerich & Bradsby (makers of the Louisville Slugger), and Crosley Radio.

    Education in Louisville, KY

    The University of Louisville, Boyce College, Spalding University, and Bellarmine University all call Louisville home – and help add to the diversity of the city. Numerous two-year, business, and technical schools are also spread throughout the area.

    Louisville Public Schools are some of the best in the state. According to US News & World Report’s Best Schools ranking, Louisville’s Dupont Manual High School is ranked 1st in the state and 154th in the U.S. Atherton High School is #8 in Kentucky, Brown School is #9, and Louisville Male High School is ranked 12th.

    Louisville, KY education statistics

    The level of education of the population of Louisville, KY is as follows: 3% have no high school education, 33% completed some high school, 27% partially completed college, 8% have an Associate Degree, 19% have a Bachelor Degree, and 11% have a Graduate Degree.

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