Most Affordable Neighborhoods in Louisville, KY
Some of the cheapest neighborhoods in Louisville are St Dennis, Roggenkamp Place, and Village Green. These neighborhoods offer some of the lowest rent prices in Louisville, making them ideal for renters on a budget. As of October 31, 2025, the average rent in Louisville is $1,109, which is 1.1% 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.
St Dennis
Average Rent
$855/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
30/100
Units Available
11 Rentals
St Dennis is a top choice for budget-conscious renters for a variety of reasons. The average rent in St Dennis is $855 while the city average is $1,109. This is a -0.1% difference from last year. Residents enjoy convenient access to Jefferson Comm. & Tech., SW, Cane Run Place, and Chickasaw Park. The neighborhood is considered car-dependent with a WalkScore® of 42.
Roggenkamp Place
Average Rent
$875/Month
TransitScore® Rating
0/100
Units Available
18 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Roggenkamp Place. The average rent is $875, compared to the city average of $1,109. Roggenkamp Place is convenient to Kentucky Science Center, Iroquois Park, and Univ. of Louisville, Belknap. The community is somewhat walkable with a WalkScore® of 61.
Village Green
Average Rent
$883/Month
Units Available
13 Rentals
Village Green is an affordable neighborhood in Louisville with an average rent price of $883. Compare this to the city average of $1,109. Village Green provides easy access to Starbuck''s Shopping Center, Univ. of Louisville, Belknap, and Sullivan University.
Bashford Manor
Average Rent
$901/Month
Year-Over-Year Rent Change
2%
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 $901, while the city’s average stands at $1,109. In the last year, prices have increased by 2%. Bashford Manor is near Louisville Nature Center, Cherokee Park, and Louisville Mega Cavern.
Iroquois Park
Average Rent
$916/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
31/100
Units Available
16 Rentals
Iroquois Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Iroquois Park is $916 while the city average is $1,109. This is a 1% difference from last year. Residents enjoy convenient access to Jefferson Memorial Forest, Iroquois Manor Shopping Center, and Auburndale Village. The neighborhood is considered car-dependent with a WalkScore® of 45.
Meadowcreek
Average Rent
$924/Month
Units Available
11 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Meadowcreek. The average rent is $924, compared to the city average of $1,109. Meadowcreek is convenient to Univ. of Louisville, Belknap, Cherokee Park, and Sullivan University.
Bon Air
Average Rent
$926/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
38/100
Units Available
24 Rentals
Bon Air is an affordable neighborhood in Louisville with an average rent price of $926. Compare this to the city average of $1,109. In the past year, rent prices have increased by 1.6%. Bon Air provides easy access to Louisville Mega Cavern, Medical Plaza, and Sullivan University. It’s a somewhat walkable neighborhood with a WalkScore® of 61.
Pleasure Ridge Park
Average Rent
$939/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
33/100
Units Available
54 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Pleasure Ridge Park might be the perfect place! It has an average rent price of $939, while the city’s average stands at $1,109. In the last year, prices have increased by 3.9%. Pleasure Ridge Park is near Riverport Plaza, Strip Center, and Jefferson Comm. & Tech., JTC.
South Louisville
Average Rent
$941/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
24/100
Units Available
63 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.
Kenwood Hill
Average Rent
$949/Month
Year-Over-Year Rent Change
5.3%
TransitScore® Rating
37/100
Units Available
13 Rentals
Kenwood Hill is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kenwood Hill is $949 while the city average is $1,109. This is a -5.3% difference from last year. Residents enjoy convenient access to Hazelwood Shopping Center, Univ. of Louisville, Belknap, and Jefferson Memorial Forest. The neighborhood is considered somewhat walkable with a WalkScore® of 50.
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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.