Best Affordable Neighborhoods in Louisville, KY
Some of the cheapest neighborhoods in Louisville are Hazelwood, Village Green, and St Dennis. These neighborhoods offer some of the lowest rent prices in Louisville, making them ideal for renters on a budget. As of December 22, 2025, the average rent in Louisville is $1,110, which is 1.4% 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.
Hazelwood
Average Rent
$838/Month
Year-Over-Year Rent Change
29.9%
TransitScore® Rating
31/100
Units Available
10 Rentals
Hazelwood is an affordable neighborhood in Louisville with an average rent price of $838. Compare this to the city average of $1,110. In the past year, rent prices have increased by 29.9%. Hazelwood provides easy access to Chickasaw Park, Jefferson Comm. & Tech., JTC, and Jefferson Comm. & Tech., DC. It’s a somewhat walkable neighborhood with a WalkScore® of 53.
Village Green
Average Rent
$867/Month
Units Available
13 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 $867, while the city’s average stands at $1,110. Village Green is near Eva Bandman Park and Cyclocross Venue, Rauch Planetarium, and Cherokee Park.
St Dennis
Average Rent
$873/Month
TransitScore® Rating
30/100
Units Available
13 Rentals
St Dennis is a top choice for budget-conscious renters for a variety of reasons. The average rent in St Dennis is $873 while the city average is $1,110. This is a -0% difference from last year. Residents enjoy convenient access to Iroquois Park, Louisville Muhammad Ali International, and Rauch Planetarium. The neighborhood is considered car-dependent with a WalkScore® of 42.
South Louisville
Average Rent
$887/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
24/100
Units Available
84 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
3.1%
TransitScore® Rating
35/100
Units Available
20 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Bashford Manor. The average rent is $893, compared to the city average of $1,110. Rent prices have increased by 3.1%. Bashford Manor is convenient to Eva Bandman Park and Cyclocross Venue, Louisville Muhammad Ali International, and The Shops At Bashford. The community is somewhat walkable with a WalkScore® of 55.
Bon Air
Average Rent
$913/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
38/100
Units Available
25 Rentals
Bon Air is an affordable neighborhood in Louisville with an average rent price of $913. Compare this to the city average of $1,110. In the past year, rent prices have increased by 1.9%. Bon Air provides easy access to Eva Bandman Park and Cyclocross Venue, Medical Plaza, and Louisville Mega Cavern. It’s a somewhat walkable neighborhood with a WalkScore® of 61.
Meadowcreek
Average Rent
$928/Month
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Meadowcreek might be the perfect place! It has an average rent price of $928, while the city’s average stands at $1,110. Meadowcreek is near Cherokee Park, The Shops At Bashford, and Eva Bandman Park and Cyclocross Venue.
Shelby Park
Average Rent
$936/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
44/100
Units Available
15 Rentals
Shelby Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Shelby Park is $936 while the city average is $1,110. This is a 0.6% difference from last year. Residents enjoy convenient access to Waterfront Park, Germantown Square Shopping Center, and Louisville Waterfront Park. The neighborhood is considered walkable with a WalkScore® of 71.
Pleasure Ridge Park
Average Rent
$939/Month
Year-Over-Year Rent Change
4.1%
TransitScore® Rating
33/100
Units Available
46 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Pleasure Ridge Park. The average rent is $939, compared to the city average of $1,110. Rent prices have increased by 4.1%. Pleasure Ridge Park is convenient to Iroquois Park, South Harrison Park Observatory, and Jefferson Memorial Forest. The community is car-dependent with a WalkScore® of 39.
Fredericks Acres
Average Rent
$998/Month
Units Available
12 Rentals
Fredericks Acres is an affordable neighborhood in Louisville with an average rent price of $998. Compare this to the city average of $1,110. Fredericks Acres provides easy access to Louisville Mega Cavern, Bardstown Rd, and Univ. of Louisville, Hurst.
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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.