Cheapest Neighborhoods in Louisville, KY
Some of the cheapest neighborhoods in Louisville are Southdowns, Taylor Berry, and Shelby Park. These neighborhoods offer some of the lowest rent prices in Louisville, making them ideal for renters on a budget. As of August 9, 2026, the average rent in Louisville is $1,136, which is 1.9% 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.
Southdowns
Average Rent
$850/Month
Units Available
11 Rentals
Southdowns is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southdowns is $850 while the city average is $1,136. Residents enjoy convenient access to Rauch Planetarium, Iroquois Park, and Central Station.
Taylor Berry
Average Rent
$860/Month
Year-Over-Year Rent Change
0.7%
Units Available
19 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Taylor Berry. The average rent is $860, compared to the city average of $1,136. Rent prices have increased by 0.7%. Taylor Berry is convenient to Rauch Planetarium, Univ. of Louisville, Belknap, and Central Station.
Shelby Park
Average Rent
$863/Month
Year-Over-Year Rent Change
0.7%
Units Available
21 Rentals
Shelby Park is an affordable neighborhood in Louisville with an average rent price of $863. Compare this to the city average of $1,136. In the past year, rent prices have increased by 0.7%. Shelby Park provides easy access to Louisville Zoo, Jefferson Comm. & Tech., DC, and Waterfront Park.
Roggenkamp Place
Average Rent
$874/Month
Units Available
19 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Roggenkamp Place might be the perfect place! It has an average rent price of $874, while the city’s average stands at $1,136. Roggenkamp Place is near 4735 Rockford Plz, Rauch Planetarium, and Kentucky Science Center.
Sunshine Acres
Average Rent
$885/Month
Units Available
13 Rentals
Sunshine Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Sunshine Acres is $885 while the city average is $1,136. Residents enjoy convenient access to Bellarmine University, Promenade Plaza, and Louisville Nature Center.
Village Green
Average Rent
$887/Month
Units Available
13 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Village Green. The average rent is $887, compared to the city average of $1,136. Village Green is convenient to Cherokee Park, Bellarmine University, and Louisville Muhammad Ali International.
Bon Air
Average Rent
$892/Month
Year-Over-Year Rent Change
0.9%
Units Available
24 Rentals
Bon Air is an affordable neighborhood in Louisville with an average rent price of $892. Compare this to the city average of $1,136. In the past year, rent prices have increased by 0.9%. Bon Air provides easy access to Louisville Mega Cavern, Louisville Nature Center, and Rauch Planetarium.
Bashford Manor
Average Rent
$907/Month
Year-Over-Year Rent Change
2.6%
Units Available
23 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 $907, while the city’s average stands at $1,136. In the last year, prices have increased by 2.6%. Bashford Manor is near Louisville Nature Center, Louisville Mega Cavern, and Bellarmine University.
Meadowcreek
Average Rent
$931/Month
Units Available
14 Rentals
Meadowcreek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Meadowcreek is $931 while the city average is $1,136. Residents enjoy convenient access to Louisville Muhammad Ali International, Bellarmine University, and Sullivan University.
South Louisville
Average Rent
$944/Month
Year-Over-Year Rent Change
0.9%
Units Available
55 Rentals
South Louisville offers a mix of residential and commercial areas with proximity to major attractions like Churchill Downs, the home of the famous Kentucky Derby. The area offers a variety of housing options to suit different lifestyles, from historic homes to modern developments.
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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.