Louisville, KY Rental Market Trends

Highlights

The average rent for an apartment in Louisville is $924, a 4% increase compared to the previous year, when the average rent was $891.

Average Rent in Louisville, KY

Last updated Apr 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$924	4%	912 sq. ft.

The average size for a Louisville, KY apartment is 912 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Louisville, KY Apartment Rent Ranges

< $5002%
$501-$70018%
$701-$1,00053%
$1,001-$1,50023%
$1,501-$2,0003%
> $2,0002%

Louisville, KY Rent Trends

Average Rent	Jan / 2016	May / 2016	Sept / 2016	Jan / 2017	May / 2017	Sept / 2017	Jan / 2018	May / 2018	Apr / 2019
Louisville, KY	$841	$862	$867	$875	$890	$891	$892	$896	$924
National	$1,290	$1,319	$1,334	$1,329	$1,354	$1,366	$1,366	$1,381	$1,396

Average Rent in Louisville, KY By Neighborhood

Average Rent
Neighborhood	Average Rent
Jacobs	$582
Shawnee	$591
Hazelwood	$636
Woodland Terrace	$650
Winner's Circle	$650
Wilke Ridge	$650
Wilke Heights	$650
Walnut Grove	$650
Twin Oaks	$650
Shively	$650
Rockford Estates	$650
Riverside Gardens	$650
Richmont Terrace	$650
Oak Lawn Estates	$650
Murray Heights	$650
Lake Dreamland	$650
Idle Hour	$650
Hunters Village	$650
Forest Ridge	$650
Cloverleaf	$650
Briargate	$650
Vogt	$653
Melrose and Flagler	$680
Hunter Hills Trace	$680
Rubbertown	$687
Parkland	$687
Park Duvalle	$687
Chickasaw	$687
California	$687
Winchester Village	$706
Westwind Park	$706
Westchester Village	$706
Sylvania	$706
Sun Valley Manor	$706
St. Rose	$706
Skylark Acres	$706
Shacklette Acres	$706
Riviera Park	$706
Riverport	$706
Regal Heights	$706
Moss Creek	$706
Lynn Gray	$706
Hunters Park	$706
Hunters Hill	$706
Hunters Creek	$706
Heavenly Heights	$706
Guilford	$706
Greenwood Villa	$706
Greenwood Terrace	$706
Greenwood Estates	$706
Greenridge Estates	$706
Greenfield	$706
Grandel Forest Estates	$706
Grandel Farms	$706
Feyhurst	$706
Country Estates	$706
St Andrews Park	$706
Oak Valley	$707
Wyandotte - Oakdale	$710
Iroquois	$710
Beechmont	$710
Woods of Saint Andrews	$716
Windsor Lakes	$716
Wilder Park	$716
Southside Louisville	$716
Southland Park	$716
Red Stone Hill	$716
Parkridge Woods	$716
Parkridge	$716
Oak Hill Estates	$716
Manslick Heights	$716
Kenwood Hill	$716
Iroquois Park	$716
Iroquois Heights	$716
Fordhaven	$716
Estates of St Anthony	$716
Cardinal Hill Estates	$716
Burkshire Terrace	$716
Bella Vista	$716
Auburndale	$716
Woodhill	$730
Vinehill	$730
Timber Glen	$730
Sunshine Acres	$730
Sungold Estates	$730
South Park View	$730
Meadow Hill	$730
Kellerman Place	$730
Hidden Creek	$730
Cedar Village	$730
Bittersweet Villa	$730
Rangewood	$732
Knopp	$732
Indian Forest	$732
Russell	$736
Portland	$738
Standiford	$739
Prestonia	$739
Poplar Hills	$739
Park Forest	$739
Lynnview	$739
Edgewood	$739
Camp Taylor	$739
Audubon Park	$739
Woodrow Manor	$739
Whispering Hills	$739
Friendly Hills East	$739
Bridlewood	$739
Rangeland	$749
Limerick	$749
Southern Acres	$752
Havalock	$752
Whitner	$755
Watterson Park	$755
West Buechel	$760
The Lodge	$760
Orchard Lakes	$760
Buechel Terrace	$760
Bashford Manor	$760
Woodfield Commons	$765
Smyrna Crossings	$765
Cheri Village	$765
Village at Wildwood	$766
Welchire Falls	$796
Villas at Arbor Creek	$796
Spring Mill	$796
Pleasant Valley	$796
Ivy Hill	$796
Hurstbourne Heights	$796
Green Ridge Manor	$796
Cedar Brook	$796
Catalpa Springs	$796
Brookshire	$796
Beulah Church	$796
Apple Valley	$796
Stone Bluff Estates	$801
Bannon Crossings	$801
St. Andrews Landing	$807
Ridgehurst Place	$823
Maple Grove	$830
Heritage Creek	$830
Klondike	$841
Brookhollow	$841
Bon Air	$841
Woodridge Crossings	$841
Hollow Creek	$841
Hillwood	$841
Washington Green	$842
Wallace	$842
Treasure Island	$842
Timberbend	$842
Silver Heights	$842
Ripple Creek	$842
Primrose Meadows	$842
Park Lake Village	$842
Lone Acres	$842
Larkgrove Estates	$842
Larkgrove	$842
Lakeview Acres	$842
Indian Falls	$842
Hunters Hollow	$842
Hillview	$842
Heritage Creek West	$842
Creekview	$842
Cooper Farms	$842
Caven Village	$842
Ashbrook Gardens	$842
Windgate Meadows	$853
Trails Crossing	$853
The Springs of Glenmary	$853
The Reserve at Glenmary	$853
Seaton Springs	$853
Little Spring Farm	$853
Keeling Place	$853
Grey Oaks Cottages	$853
Glenmary Village	$853
Glenmary Estates	$853
Glenmary East	$853
Glenmary	$853
Fox Ridge	$853
Fernbrook	$853
Fern Hill	$853
Fern Creek Acres	$853
Farmgate Meadows	$853
Fairway Acres	$853
Chism Trail	$853
Cedar Meadows	$853
Bardstown Woods	$853
Anderson Park	$853
Willow Springs	$863
The Farms at Lovers Lane	$863
Woods of Fox Creek	$874
Woodridge Lake	$874
Windsor Forest	$874
Villa Anna	$874
Vantage Point	$874
Valley Village	$874
Valley Gardens	$874
Valley Farms	$874
Twilight Village	$874
Timothy Hills	$874
Sun Valley	$874
Stoneridge Landing	$874
Stone Lakes	$874
Silver Oaks	$874
Signature Point	$874
Saratoga Woods	$874
Saratoga Springs	$874
Prairie Village	$874
Poplar Lakes	$874
Pinnacle Place	$874
Pine Valley Estates	$874
Orell Station	$874
Mooreland	$874
Meadowview Park	$874
Meadowlawn	$874
Lone Oak	$874
Leemont Acres	$874
Landherr Estates	$874
Lake of the Woods	$874
Hyview Estates	$874
Hurstbourne Woods	$874
Hurstbourne Ridge	$874
Hill Ridge	$874
Hardwood Forest	$874
Green Valley	$874
Grand Lakes	$874
Golden Meadows	$874
Forest Hills	$874
Fawn Lakes	$874
Dove Point	$874
Dixie Gardens	$874
Deer Trace Estates	$874
De Nada Gates	$874
Crystal Valley Estates	$874
Brookhurst	$874
Bristol Oaks	$874
Bridges of Razor Creek	$874
Bridgegate	$874
Bradford Commons	$874
Bolling Brook	$874
Billtown Farms	$874
Bethany Oaks	$874
Bethany Acres	$874
Wellington	$911
Strathmoor Village	$911
Strathmoor Manor	$911
Seneca Garden	$911
Kingsley	$911
Highlands Douglass	$911
Hayfield Dundee	$911
Hawthorne	$911
Gardiner Lane	$911
Deer Park	$911
Bonnycastle	$911
Belknap	$911
St. Regis Park	$912
Sheffield Manor	$912
Regency Woods	$912
Meadowview Estates	$912
Lincolnshire	$912
Hurstbourne Springs	$912
Hurstbourne Acres	$912
Houston Acres	$912
Hikes Point	$912
Cambridge	$912
Avondale Melbourne Heights	$912
Smoketown Jackson	$931
Clifton Heights	$938
Clifton	$938
Cherokee Gardens	$938
Butchertown	$938
Rockcreek Lexington	$948
Crescent Hill	$948
Brownsboro Zorn	$948
Jeffersontown	$948
Bowman	$953
Westwood	$954
Rolling Hills	$954
Plantation	$954
Old Brownsboro Place	$954
Goose Creek	$954
Briarwood	$954
Bancroft	$955
Woodlawn Park	$955
Windy Hills	$955
St. Matthews	$955
Rolling Fields	$955
Riverwood	$955
Richlawn	$955
Oxmoor	$955
Norwood	$955
Northfield	$955
Norbourne Estates	$955
Mockingbird Valley	$955
Maryhill Estates	$955
Indian Hills	$955
Hurstbourne	$955
Graymoor - Devondale	$955
Glenview Manor	$955
Druid Hills	$955
Crossgate	$955
Brownsboro Village	$955
Bellewood	$955
Beechwood Village	$955
Louisville Central Business District	$967
Poplar Level	$984
Audubon	$989
Lyndon	$995
Middletown	$996
Bellemeade	$1,001
Thornhill	$1,007
Hills and Dales	$1,007
Glenview Hills	$1,007
Landis Lakes	$1,018
Echo Trails Farm	$1,018
Academy Estates	$1,018
Irish Hill	$1,020
Murray Hill	$1,039
Langdon Place	$1,039
Barbourmeade	$1,039
Moorland	$1,040
Meadow Vale	$1,051
Worthington Place	$1,061
Wolfcreek	$1,061
Wemberley Hill Gardens	$1,061
Village of Old St Andrews	$1,061
Valencia at Springhurst	$1,061
Ten Broeck	$1,061
Summit Ridge	$1,061
Springhurst	$1,061
Spring Valley	$1,061
Spring Creek	$1,061
Sanctuary Bluff	$1,061
Rock Springs	$1,061
Park Place	$1,061
Manor Creek	$1,061
Hickory Hill	$1,061
Green Spring	$1,061
Fincastle	$1,061
Falls Creek	$1,061
Elmcroft	$1,061
Creekside	$1,061
Craigs Creek	$1,061
Cobblestone	$1,061
Chamberlain Square	$1,061
Brownsboro Farm	$1,061
Broeck Pointe	$1,061
Beech Spring Farm	$1,061
Barbour Manor	$1,061
Asbury Park	$1,061
Indian Springs	$1,066
Willow Wood	$1,073
Wildwood	$1,073
Sycamore	$1,073
Meadowbrook Farm	$1,073
Little Hills	$1,073
Foxgate	$1,073
Eastpoint Parkway	$1,073
Cherokee Court	$1,073
Blue Ridge Manor	$1,073
Berrytown	$1,073
Anchorage	$1,073
Douglass Hills	$1,088
Westport Industrial Park	$1,104
Woodland Hills	$1,135
Phoenix Hill	$1,152
Worthington Hills	$1,176
Woodmont	$1,176
Woodbourne	$1,176
Willow Cove	$1,176
Westport Ridge	$1,176
Valhalla Vista	$1,176
Valencia	$1,176
The Ridge at Old Henry	$1,176
Sycamore Ridge Estates	$1,176
Reserve of Polo Fields	$1,176
Polo Fields Lake	$1,176
Pinnacle Gardens	$1,176
Persimmon Ridge	$1,176
Oakhurst	$1,176
Notting Hill	$1,176
Meremont	$1,176
Meadows at Polo Fields	$1,176
Long Run Estates	$1,176
Locust Creek	$1,176
Lake Forest	$1,176
Glen Lakes	$1,176
Gardiner Park	$1,176
Fox Run	$1,176
Forest Springs North	$1,176
Forest Springs	$1,176
Flatrock Ridge	$1,176
Fairfield	$1,176
English Station	$1,176
Copperfield	$1,176
Coldstream	$1,176
Claibourne Crossings	$1,176
Chatham Park	$1,176
Brooks View Estate	$1,176
Brookfield	$1,176
Bridgemore Estates	$1,176
Ashmoor Woods	$1,176
Aiken Investments Farm	$1,176
Cherokee Seneca	$1,214
Shelby Park	$1,222
Old Louisville	$1,222
South Louisville	$1,224
Tyler Park	$1,261
Paristown Pointe	$1,261
Highlands	$1,261
Germantown	$1,261
Cherokee Triangle	$1,261
Schnitzelburg	$1,269
Saint Joseph	$1,269
Parkway Village	$1,269
Merriwether	$1,269
Taylor Berry	$1,517
University	$1,651
Algonquin	$1,651

The most affordable neighborhoods in Louisville are Jacobs, where the average rent goes for $582/month, Shawnee, where renters pay $591/mo on average, and Hazelwood, where the average rent goes for $636/mo. If you’re looking for other great deals, check out the listings from Briargate ($650), Cloverleaf ($650), and Forest Ridge ($650), where the asking prices are below the average Louisville rent of $924/mo.

The most expensive neighborhoods in Louisville are Taylor Berry ($1,517), Algonquin ($1,651) and University ($1,651).

Louisville | Rent Comparison by Neighborhood

Rent in Academy Estates is 13% lower than in Aiken Investments Farm

$1,018

Academy Estates rent is 10% higher than Louisville average

Average Rent	$1,018

$1,176

Aiken Investments Farm rent is 27% higher than Louisville average

Average Rent	$1,176

How Does Louisville Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Louisville	$924	4%
Lyndon	$995	3%
Douglass Hills	$1,088	4%
Hurstbourne	$955	3%
Hurstbourne Acres	$912	1%
Jeffersontown	$948	3%
Middletown	$996	4%
St. Matthews	$955	3%
Hollow Creek	$841	n/a
Shively	$650	2%
Fairdale	$719	-2%

For more information about the Louisville rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

Mid-priced Listings on RENTCafé

Most Expensive Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Louisville apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.