Most Affordable Neighborhoods in Louisville, KY
Some of the cheapest neighborhoods in Louisville are Village Green, Bashford Manor, and Taylor Berry. These neighborhoods offer some of the lowest rent prices in Louisville, making them ideal for renters on a budget. As of June 14, 2025, the average rent in Louisville is $1,113, which is 0.5% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Village Green
Average Rent
$835/Month
Units Available
13 Rentals
Village Green is an affordable neighborhood in Louisville with an average rent price of $835. Compare this to the city average of $1,113. Village Green provides easy access to Southern Baptist Seminary, Univ. of Louisville, Belknap, and Eva Bandman Park and Cyclocross Venue.
Bashford Manor
Average Rent
$862/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
35/100
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Bashford Manor might be the perfect place! It has an average rent price of $862, while the city’s average stands at $1,113. In the last year, prices have increased by 0.5%. Bashford Manor is near Louisville Mega Cavern, Sullivan University, and Southern Baptist Seminary.
Taylor Berry
Average Rent
$869/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
34/100
Units Available
19 Rentals
Taylor Berry is a top choice for budget-conscious renters for a variety of reasons. The average rent in Taylor Berry is $869 while the city average is $1,113. This is a 0.7% difference from last year. Residents enjoy convenient access to Louisville Zoo, Hazelwood Shopping Center, and Rauch Planetarium. The neighborhood is considered somewhat walkable with a WalkScore® of 52.
Shelby Park
Average Rent
$876/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
44/100
Units Available
11 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Shelby Park. The average rent is $876, compared to the city average of $1,113. Rent prices have increased by 0.7%. Shelby Park is convenient to Waterfront Park, Germantown Square Shopping Center, and Louisville Waterfront Park. The community is walkable with a WalkScore® of 71.
Bon Air
Average Rent
$880/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
38/100
Units Available
23 Rentals
Bon Air is an affordable neighborhood in Louisville with an average rent price of $880. Compare this to the city average of $1,113. In the past year, rent prices have increased by 3%. Bon Air provides easy access to Louisville Nature Center, Eva Bandman Park and Cyclocross Venue, and Sullivan University. It’s a somewhat walkable neighborhood with a WalkScore® of 61.
Iroquois Park
Average Rent
$889/Month
Year-Over-Year Rent Change
6.2%
TransitScore® Rating
31/100
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Iroquois Park might be the perfect place! It has an average rent price of $889, while the city’s average stands at $1,113. In the last year, prices have decreased by 6.2%. Iroquois Park is near Iroquois Manor Shopping Center, Louisville Nature Center, and Rauch Planetarium.
Meadowcreek
Average Rent
$914/Month
Units Available
11 Rentals
Meadowcreek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Meadowcreek is $914 while the city average is $1,113. Residents enjoy convenient access to Southern Baptist Seminary, Cherokee Park, and Louisville Muhammad Ali International.
St Dennis
Average Rent
$918/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
30/100
Units Available
11 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out St Dennis. The average rent is $918, compared to the city average of $1,113. Rent prices have increased by 2.6%. St Dennis is convenient to Spalding University, Jefferson Comm. & Tech., SW, and Iroquois Park. The community is car-dependent with a WalkScore® of 42.
Kenwood Hill
Average Rent
$922/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
37/100
Units Available
12 Rentals
Kenwood Hill is an affordable neighborhood in Louisville with an average rent price of $922. Compare this to the city average of $1,113. In the past year, rent prices have decreased by 3.3%. Kenwood Hill provides easy access to Jefferson Comm. & Tech., SW, Iroquois Park, and Bellarmine University. It’s a somewhat walkable neighborhood with a WalkScore® of 50.
Kenwood Heights
Average Rent
$922/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Kenwood Heights might be the perfect place! It has an average rent price of $922, while the city’s average stands at $1,113. Kenwood Heights is near Iroquois Park, Iroquois Manor Shopping Center, and Louisville Muhammad Ali International.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.