Louisville, KY Rental Market Trends
Last updated: July 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Louisville is $1,321, a 0.58% increase compared to the previous year, when the average rent was $1,313.
Studio Apartments at $945 offer the most budget-friendly option with 488 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 737 square feet for $1,166, balancing privacy and affordability.
Two-beedroom units at $1,344 offer 1,016 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,341 sq ft) for $1,759, suitable for larger households.
Average rent in Louisville, KY
Last updated: July 02, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,321 | 938 sq. ft. |
| Studio | $945 | 488 sq. ft. |
| 1 Bed | $1,166 | 737 sq. ft. |
| 2 Beds | $1,344 | 1,016 sq. ft. |
| 3 Beds | $1,759 | 1,341 sq. ft. |
Louisville, KY rent trends
Rental prices in Louisville, KY have increased by 0.58% over the past year. The average rent moved from $1,313 to $1,321.
What's the typical rent budget in Louisville, KY?
The largest share of rentals in Louisville, KY (54%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Louisville, KY?
120,110 or 38% of the households in Louisville, KY are renter-occupied while 194,761 or 62% are owner-occupied.
Most affordable neighborhoods in Louisville?
Bon Air $926/month
Taylor Berry $966/month
Prairie Village $970/month
All of these neighborhoods fall below the city wide average of $1,321/month.Most expensive neighborhoods in Louisville?
Claibourne Crossings $1,834/month
South Louisville $2,016/month
Algonquin $2,335/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Louisville, KY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Algonquin | $2,335 |
| South Louisville | $2,016 |
| Claibourne Crossings | $1,834 |
| Forest Springs | $1,703 |
| Oxmoor | $1,691 |
| Middletown | $1,604 |
| Saint Joseph | $1,556 |
| Butchertown | $1,551 |
| Irish Hill | $1,478 |
| Valley Farms | $1,470 |
| Apple Valley | $1,462 |
| Timber Glen | $1,402 |
| Jeffersontown | $1,365 |
| Sungold Estates | $1,362 |
| Treasure Island | $1,342 |
| St. Matthews | $1,340 |
| Orell Station | $1,307 |
| Lyndon | $1,301 |
| Old Louisville | $1,294 |
| Phoenix Hill | $1,294 |
| Russell | $1,291 |
| Chamberlain Square | $1,266 |
| Park Lake Village | $1,261 |
| Louisville Central Business District | $1,241 |
| Hurstbourne Springs | $1,233 |
| Clifton Heights | $1,209 |
| Crescent Hill | $1,203 |
| Sunshine Acres | $1,169 |
| Klondike | $1,146 |
| Buechel Terrace | $1,121 |
| Burkshire Terrace | $1,083 |
| Auburndale | $1,082 |
| Fordhaven | $1,057 |
| Kenwood Hill | $1,041 |
| Village at Wildwood | $1,039 |
| Bashford Manor | $1,036 |
| Indian Forest | $1,020 |
| Meadow Hill | $1,015 |
| Smoketown Jackson | $1,000 |
| Southside Louisville | $998 |
| Prairie Village | $970 |
| Taylor Berry | $966 |
| Bon Air | $926 |
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Louisville | Rent Comparison by Neighborhood
Rent in Algonquin is 60% higher than in Apple Valley
$2,335
Algonquin rent is 77% higher than Louisville average
Average Rent
$2,335
$1,462
Apple Valley rent is 11% higher than Louisville average
Average Rent
$1,462
How Louisville Compares to Other Cities
| City | Average Rent |
|---|---|
| Louisville | $1,321 |
| Lexington | $1,367 |
| Florence | $1,413 |
| Richmond | $992 |
| Newport | $1,541 |
| Covington | $1,572 |
| Ft Mitchell | $1,205 |
| Burlington | $1,499 |
| Independence | $1,479 |
| Erlanger | $1,435 |
| Elizabethtown | $1,222 |
| New Albany, IN | $1,121 |
| Jeffersonville, IN | $1,251 |
| Jeffersontown, KY | $1,365 |
| Lyndon, KY | $1,301 |
| St. Matthews, KY | $1,340 |
| Shepherdsville, KY | $1,476 |
| Middletown, KY | $1,604 |
| Fairdale, KY | $1,238 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Louisville apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.