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Renter's Guide to Louisville
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.
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.
Louisville, KY Demographics
- Total Population738,336
Female 356,791Male 381,544
- Median Age37
Cost of Living in Louisville, KY
The cost of living in Louisville is 27 percent lower than the rest of the country. A month of water, electricity, and waste disposal in a 915-square-foot apartment averages around $136, which is just a little lower than the rest of the country.
A dinner for two out at one of Louisville’s acclaimed restaurants averages $50 for three courses, while an after-dinner cappuccino will cost you just $2.75.
Public transportation is provided by the Transit Authority of River City bus line. A 10-ride ticket is $15 for adults, and is discounted for seniors, students, children, and disabled passengers. Monthly passes are $50 for adults, with discounts available for those as well.
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.
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.
Things to do in Louisville
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”.
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.
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.
Employment and 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.
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
Education in Louisville
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
- No High School3%
- Some High School35%
- Some College26%
- Associate Degree7%
- Bachelor Degree17%
- Graduate Degree11%
Tips for Renting in Louisville
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.
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