Best Affordable Neighborhoods in Louisville, KY
Some of the cheapest neighborhoods in Louisville are Auburndale, Hazelwood, and Taylor Berry. These neighborhoods offer some of the lowest rent prices in Louisville, making them ideal for renters on a budget. As of February 6, 2026, the average rent in Louisville is $1,112, which is 0.1% 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.
Auburndale
Average Rent
$844/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
31/100
Units Available
14 Rentals
Auburndale is a top choice for budget-conscious renters for a variety of reasons. The average rent in Auburndale is $844 while the city average is $1,112. This is a 0.5% difference from last year. Residents enjoy convenient access to Spalding University, Louisville Nature Center, and Bellarmine University. The neighborhood is considered somewhat walkable with a WalkScore® of 63.
Hazelwood
Average Rent
$846/Month
Year-Over-Year Rent Change
27.1%
TransitScore® Rating
31/100
Units Available
10 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Hazelwood. The average rent is $846, compared to the city average of $1,112. Rent prices have increased by 27.1%. Hazelwood is convenient to Louisville Nature Center, Spalding University, and Rauch Planetarium. The community is somewhat walkable with a WalkScore® of 53.
Taylor Berry
Average Rent
$874/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
34/100
Units Available
14 Rentals
Taylor Berry is an affordable neighborhood in Louisville with an average rent price of $874. Compare this to the city average of $1,112. In the past year, rent prices have decreased by 1.1%. Taylor Berry provides easy access to Chickasaw Park, Central Station, and Jefferson Comm. & Tech., JTC. It’s a somewhat walkable neighborhood with a WalkScore® of 52.
Village Green
Average Rent
$874/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Village Green might be the perfect place! It has an average rent price of $874, while the city’s average stands at $1,112. Village Green is near Starbuck''s Shopping Center, Cherokee Park, and Louisville Nature Center.
South Louisville
Average Rent
$885/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
24/100
Units Available
91 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.
Bashford Manor
Average Rent
$893/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
35/100
Units Available
20 Rentals
Bashford Manor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Bashford Manor is $893 while the city average is $1,112. This is a 0.2% difference from last year. Residents enjoy convenient access to Southern Baptist Seminary, Bellarmine University, and Louisville Muhammad Ali International. The neighborhood is considered somewhat walkable with a WalkScore® of 55.
Iroquois Park
Average Rent
$896/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
31/100
Units Available
12 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Iroquois Park. The average rent is $896, compared to the city average of $1,112. Rent prices have increased by 0.3%. Iroquois Park is convenient to Rauch Planetarium, Spalding University, and Univ. of Louisville, Belknap. The community is car-dependent with a WalkScore® of 45.
Eagles Crest
Average Rent
$902/Month
TransitScore® Rating
19/100
Units Available
27 Rentals
Eagles Crest is an affordable neighborhood in Louisville with an average rent price of $902. Compare this to the city average of $1,112. Eagles Crest provides easy access to Louisville Mega Cavern, Southern Baptist Seminary, and Blackacre Preserve. It’s a car-dependent neighborhood with a WalkScore® of 17.
Hudson Lake Estates
Average Rent
$902/Month
Units Available
27 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Hudson Lake Estates might be the perfect place! It has an average rent price of $902, while the city’s average stands at $1,112. Hudson Lake Estates is near Creekside Terrace, Sullivan University, and Oldham Court Center.
Bon Air
Average Rent
$915/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
38/100
Units Available
26 Rentals
Bon Air is a top choice for budget-conscious renters for a variety of reasons. The average rent in Bon Air is $915 while the city average is $1,112. This is a 2.5% difference from last year. Residents enjoy convenient access to Starbuck''s Shopping Center, Eva Bandman Park and Cyclocross Venue, and Southern Baptist Seminary. The neighborhood is considered somewhat walkable with a WalkScore® of 61.
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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.