Most Affordable Neighborhoods in Louisville, KY
Some of the cheapest neighborhoods in Louisville are Roggenkamp Place, Iroquois Park, and Bashford Manor. These neighborhoods offer some of the lowest rent prices in Louisville, making them ideal for renters on a budget. As of July 29, 2025, the average rent in Louisville is $1,123, which is 1.2% 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.
Roggenkamp Place
Average Rent
$875/Month
TransitScore® Rating
0/100
Units Available
18 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 $875, while the city’s average stands at $1,123. Roggenkamp Place is near Univ. of Louisville, Belknap, Dixie Crossings, and Jefferson Comm. & Tech., SW.
Iroquois Park
Average Rent
$913/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
31/100
Units Available
15 Rentals
Iroquois Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Iroquois Park is $913 while the city average is $1,123. This is a -0.9% difference from last year. Residents enjoy convenient access to Bellarmine University, Jefferson Memorial Forest, and Auburndale Village. The neighborhood is considered car-dependent with a WalkScore® of 45.
Bashford Manor
Average Rent
$927/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
35/100
Units Available
14 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Bashford Manor. The average rent is $927, compared to the city average of $1,123. Rent prices have increased by 0.9%. Bashford Manor is convenient to Rauch Planetarium, Louisville Mega Cavern, and Cherokee Park. The community is somewhat walkable with a WalkScore® of 55.
St Dennis
Average Rent
$931/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
30/100
Units Available
13 Rentals
St Dennis is an affordable neighborhood in Louisville with an average rent price of $931. Compare this to the city average of $1,123. In the past year, rent prices have increased by 2.1%. St Dennis provides easy access to Louisville Zoo, Iroquois Park, and Greenbelt Market Center. It’s a car-dependent neighborhood with a WalkScore® of 42.
Taylor Berry
Average Rent
$937/Month
Year-Over-Year Rent Change
10.9%
TransitScore® Rating
34/100
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Taylor Berry might be the perfect place! It has an average rent price of $937, while the city’s average stands at $1,123. In the last year, prices have increased by 10.9%. Taylor Berry is near Kentucky Science Center, Jefferson Comm. & Tech., DC, and Central Station.
Bon Air
Average Rent
$941/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
38/100
Units Available
17 Rentals
Bon Air is a top choice for budget-conscious renters for a variety of reasons. The average rent in Bon Air is $941 while the city average is $1,123. This is a 1.9% difference from last year. Residents enjoy convenient access to Louisville Muhammad Ali International, Sullivan University, and Rauch Planetarium. The neighborhood is considered somewhat walkable with a WalkScore® of 61.
Meadowcreek
Average Rent
$949/Month
Units Available
11 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Meadowcreek. The average rent is $949, compared to the city average of $1,123. Meadowcreek is convenient to Sullivan University, Univ. of Louisville, Belknap, and Bashford Manor Shops.
Kenwood Hill
Average Rent
$950/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
37/100
Units Available
12 Rentals
Kenwood Hill is an affordable neighborhood in Louisville with an average rent price of $950. Compare this to the city average of $1,123. In the past year, rent prices have decreased by 3.4%. Kenwood Hill provides easy access to Louisville Mega Cavern, Univ. of Louisville, Belknap, and Auburndale Village. It’s a somewhat walkable neighborhood with a WalkScore® of 50.
Kenwood Heights
Average Rent
$950/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Louisville, Kenwood Heights might be the perfect place! It has an average rent price of $950, while the city’s average stands at $1,123. Kenwood Heights is near Louisville Muhammad Ali International, Spalding University, and Jefferson Comm. & Tech., SW.
Kenwood Estates
Average Rent
$950/Month
Units Available
12 Rentals
Kenwood Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kenwood Estates is $950 while the city average is $1,123. Residents enjoy convenient access to Auburndale Village, Jefferson Memorial Forest, and Hazelwood Shopping Center.
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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.