Cheapest Neighborhoods in Louisville, KY
Some of the cheapest neighborhoods in Louisville are Taylor Berry, Bashford Manor, and Bon Air. These neighborhoods offer some of the lowest rent prices in Louisville, making them ideal for renters on a budget. As of June 22, 2026, the average rent in Louisville is $1,133, which is 0.7% 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.
Taylor Berry
Average Rent
$852/Month
Year-Over-Year Rent Change
0.2%
Units Available
13 Rentals
Taylor Berry is a top choice for budget-conscious renters for a variety of reasons. The average rent in Taylor Berry is $852 while the city average is $1,133. This is a 0.2% difference from last year. Residents enjoy convenient access to Central Station, Chickasaw Park, and Kentucky Science Center.
Bashford Manor
Average Rent
$886/Month
Year-Over-Year Rent Change
0.3%
Units Available
18 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Bashford Manor. The average rent is $886, compared to the city average of $1,133. Rent prices have decreased by 0.3%. Bashford Manor is convenient to Louisville Muhammad Ali International, Univ. of Louisville, Belknap, and Southern Baptist Seminary.
Bon Air
Average Rent
$891/Month
Year-Over-Year Rent Change
1.1%
Units Available
24 Rentals
Bon Air is an affordable neighborhood in Louisville with an average rent price of $891. Compare this to the city average of $1,133. In the past year, rent prices have increased by 1.1%. Bon Air provides easy access to Medical Plaza, Louisville Muhammad Ali International, and Southern Baptist Seminary.
Shelby Park
Average Rent
$920/Month
Year-Over-Year Rent Change
0.7%
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Shelby Park might be the perfect place! It has an average rent price of $920, while the city’s average stands at $1,133. In the last year, prices have increased by 0.7%. Shelby Park is near Oak Street Center, Germantown Square Shopping Center, and Louisville Waterfront Park.
Pleasure Ridge Park
Average Rent
$943/Month
Year-Over-Year Rent Change
3.8%
Units Available
52 Rentals
Pleasure Ridge Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pleasure Ridge Park is $943 while the city average is $1,133. This is a 3.8% difference from last year. Residents enjoy convenient access to Strip Center, Rauch Planetarium, and Jefferson Comm. & Tech., JTC.
South Louisville
Average Rent
$946/Month
Year-Over-Year Rent Change
0.2%
Units Available
64 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.
Portland
Average Rent
$961/Month
Year-Over-Year Rent Change
3.2%
Units Available
19 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Portland. The average rent is $961, compared to the city average of $1,133. Rent prices have decreased by 3.2%. Portland is convenient to Kentucky Science Center, Falls of the Ohio State Park, and The Cloister Shopping Center.
West Russell
Average Rent
$968/Month
Year-Over-Year Rent Change
3.5%
Units Available
44 Rentals
West Russell is an affordable neighborhood in Louisville with an average rent price of $968. Compare this to the city average of $1,133. In the past year, rent prices have decreased by 3.5%. West Russell provides easy access to Portland Museum, French Plaza, and Kentucky Science Center.
Buechel
Average Rent
$988/Month
Year-Over-Year Rent Change
0.9%
Units Available
33 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Buechel might be the perfect place! It has an average rent price of $988, while the city’s average stands at $1,133. In the last year, prices have decreased by 0.9%. Buechel is near Blackacre Preserve, Southern Baptist Seminary, and McNeely Lake Park.
Avondale Melbourne Heights
Average Rent
$989/Month
Year-Over-Year Rent Change
6.3%
Units Available
24 Rentals
Avondale Melbourne Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Avondale Melbourne Heights is $989 while the city average is $1,133. This is a -6.3% difference from last year. Residents enjoy convenient access to McMahan Center, E.P. ""Tom"" Sawyer State Park, and Eva Bandman Park and Cyclocross Venue.
Ready to make your move to Louisville? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.