Louisville, KY Rental Market Trends
Highlights
The average rent for an apartment in Louisville is $949, a 3% increase compared to the previous year.
Average Rent in Louisville, KY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $949 | 3% | 932 sq. ft. |
The average size for a Louisville, KY apartment is 932 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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
- < $5001%
- $501-$70016%
- $701-$1,00050%
- $1,001-$1,50027%
- $1,501-$2,0004%
- > $2,0002%
Louisville, KY Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
120,501 or 40% of the households in Louisville, KY are renter-occupied while 178,149 or 59% are owner-occupied.
How Louisville Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Louisville | $949 | 3% |
| Lexington | $914 | 1% |
| Florence | $956 | 7% |
| Covington | $1,117 | 30% |
| Ft Mitchell | $848 | 8% |
| Newport | $1,016 | 1% |
For more information about the Louisville rental trends, check out our monthly rent report
Check out Kentucky Cities, Kentucky Neighborhoods and Kentucky Zip Codes for more details on verified listings, including the Kentucky Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!