Louisville, KY Rental Market Trends
Last updated: August 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Louisville is $1,338, a 1.76% increase compared to the previous year, when the average rent was $1,315.
Studio Apartments at $969 offer the most budget-friendly option with 488 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 738 square feet for $1,176, balancing privacy and affordability.
Two-bedroom units at $1,366 offer 1,018 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,343 sq ft) for $1,761, suitable for larger households.
Average rent in Louisville, KY
Last updated: August 01, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,338 | 941 sq. ft. |
| Studio | $969 | 488 sq. ft. |
| 1 Bed | $1,176 | 738 sq. ft. |
| 2 Beds | $1,366 | 1,018 sq. ft. |
| 3 Beds | $1,761 | 1,343 sq. ft. |
Louisville, KY rent trends
Rental prices in Louisville, KY have increased by 1.76% over the past year. The average rent moved from $1,315 to $1,338.
What's the typical rent budget in Louisville, KY?
The largest share of rentals in Louisville, KY (53%) 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?
119,903 or 38% of the households in Louisville, KY are renter-occupied while 196,770 or 62% are owner-occupied.
Most affordable neighborhoods in Louisville?
Bon Air $925/month
Meadow Hill $963/month
Southside Louisville $964/month
All of these neighborhoods fall below the city wide average of $1,338/month.Most expensive neighborhoods in Louisville?
Claibourne Crossings $1,812/month
South Louisville $2,064/month
Algonquin $2,373/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Louisville, KY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Algonquin | $2,373 |
| South Louisville | $2,064 |
| Claibourne Crossings | $1,812 |
| Oxmoor | $1,690 |
| Forest Springs | $1,674 |
| Middletown | $1,637 |
| The Reserve at Glenmary | $1,592 |
| Butchertown | $1,585 |
| Saint Joseph | $1,556 |
| Irish Hill | $1,501 |
| Timber Glen | $1,465 |
| Valley Farms | $1,460 |
| Apple Valley | $1,452 |
| Jeffersontown | $1,382 |
| Phoenix Hill | $1,368 |
| Sungold Estates | $1,362 |
| St. Matthews | $1,359 |
| Treasure Island | $1,348 |
| Lyndon | $1,310 |
| Old Louisville | $1,299 |
| Chamberlain Square | $1,298 |
| Louisville Central Business District | $1,291 |
| Russell | $1,291 |
| Orell Station | $1,274 |
| Park Lake Village | $1,261 |
| Clifton Heights | $1,235 |
| Hurstbourne Springs | $1,227 |
| Crescent Hill | $1,198 |
| Sunshine Acres | $1,157 |
| Klondike | $1,144 |
| Smoketown Jackson | $1,125 |
| Auburndale | $1,122 |
| Buechel Terrace | $1,116 |
| Kenwood Hill | $1,102 |
| Burkshire Terrace | $1,087 |
| Fordhaven | $1,059 |
| Village at Wildwood | $1,051 |
| Bashford Manor | $1,048 |
| Indian Forest | $1,027 |
| Prairie Village | $975 |
| Taylor Berry | $970 |
| Southside Louisville | $964 |
| Meadow Hill | $963 |
| Bon Air | $925 |
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Louisville | Rent Comparison by Neighborhood
Rent in Algonquin is 63% higher than in Apple Valley
$2,373
Algonquin rent is 77% higher than Louisville average
Average Rent
$2,373
$1,452
Apple Valley rent is 8% higher than Louisville average
Average Rent
$1,452
How Louisville Compares to Other Cities
| City | Average Rent |
|---|---|
| Louisville | $1,338 |
| Lexington | $1,383 |
| Florence | $1,423 |
| Burlington | $1,507 |
| Newport | $1,552 |
| Richmond | $993 |
| Covington | $1,580 |
| Ft Mitchell | $1,220 |
| Independence | $1,395 |
| Erlanger | $1,431 |
| Elizabethtown | $1,261 |
| New Albany, IN | $1,108 |
| Jeffersonville, IN | $1,257 |
| Jeffersontown, KY | $1,382 |
| St. Matthews, KY | $1,359 |
| Lyndon, KY | $1,310 |
| Shepherdsville | $1,241 |
| Fairdale, KY | $1,192 |
| Middletown, KY | $1,637 |
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.