Most Affordable Neighborhoods in Louisville, KY
Some of the cheapest neighborhoods in Louisville are Taylor Berry, Southdowns, and Village Green. These neighborhoods offer some of the lowest rent prices in Louisville, making them ideal for renters on a budget. As of September 15, 2025, the average rent in Louisville is $1,120, which is 0.9% 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
$847/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
34/100
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 $847 while the city average is $1,120. This is a -0.7% difference from last year. Residents enjoy convenient access to Louisville Muhammad Ali International, Spalding University, and Jefferson Comm. & Tech., DC. The neighborhood is considered somewhat walkable with a WalkScore® of 52.
Southdowns
Average Rent
$850/Month
TransitScore® Rating
39/100
Units Available
10 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Southdowns. The average rent is $850, compared to the city average of $1,120. Southdowns is convenient to Kentucky Science Center, Louisville Zoo, and Chickasaw Park. The community is somewhat walkable with a WalkScore® of 53.
Village Green
Average Rent
$861/Month
Units Available
14 Rentals
Village Green is an affordable neighborhood in Louisville with an average rent price of $861. Compare this to the city average of $1,120. Village Green provides easy access to Eva Bandman Park and Cyclocross Venue, The Shops At Bashford, and Sullivan University.
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 $1,120. Roggenkamp Place is near Shively Center, Univ. of Louisville, Belknap, and Jefferson Comm. & Tech., JTC.
Bashford Manor
Average Rent
$895/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
35/100
Units Available
21 Rentals
Bashford Manor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Bashford Manor is $895 while the city average is $1,120. This is a 2.1% difference from last year. Residents enjoy convenient access to Sullivan University, Univ. of Louisville, Belknap, and Eva Bandman Park and Cyclocross Venue. The neighborhood is considered somewhat walkable with a WalkScore® of 55.
Bon Air
Average Rent
$904/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
38/100
Units Available
28 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Bon Air. The average rent is $904, compared to the city average of $1,120. Rent prices have increased by 1.9%. Bon Air is convenient to Sullivan University, Southern Baptist Seminary, and Starbuck''s Shopping Center. The community is somewhat walkable with a WalkScore® of 61.
Iroquois Park
Average Rent
$904/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
31/100
Units Available
19 Rentals
Iroquois Park is an affordable neighborhood in Louisville with an average rent price of $904. Compare this to the city average of $1,120. In the past year, rent prices have decreased by 0.4%. Iroquois Park provides easy access to Hazelwood Shopping Center, Louisville Mega Cavern, and Rauch Planetarium. It’s a car-dependent neighborhood with a WalkScore® of 45.
Shelby Park
Average Rent
$915/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
44/100
Units Available
21 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 $915, while the city’s average stands at $1,120. In the last year, prices have increased by 0.6%. Shelby Park is near Spalding University, Louisville Waterfront Park, and Louisville Zoo.
Kenwood Hill
Average Rent
$929/Month
Year-Over-Year Rent Change
5.4%
TransitScore® Rating
37/100
Units Available
16 Rentals
Kenwood Hill is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kenwood Hill is $929 while the city average is $1,120. This is a -5.4% difference from last year. Residents enjoy convenient access to Rauch Planetarium, Bellarmine University, and Louisville Muhammad Ali International. The neighborhood is considered somewhat walkable with a WalkScore® of 50.
Kenwood Heights
Average Rent
$929/Month
Units Available
16 Rentals
When you’re looking for a great Louisville neighborhood on a budget, check out Kenwood Heights. The average rent is $929, compared to the city average of $1,120. Kenwood Heights is convenient to Iroquois Park, Univ. of Louisville, Belknap, 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.