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Apartments for Rent in Louisville, KY under $500

25 Rentals Available
Apartments for Rent in Louisville, KY under $500. 25 Rentals Available
  • a kitchen with white appliances and a sink and a refrigerator
    Today

    1224 Cherokee Rd., Louisville, KY 40204
    STUDIO $75
  • a kitchen with black and white checkered floor and stainless steel appliances
    Today

    2111 Eastern Parkway, Louisville, KY 40204
    STUDIO $75
  • a sidewalk in front of a brick building
    Today

    1361 South Floyd Street, Louisville, KY 40208
    1 BED $500
  • a red brick house with stairs in front of it
    Today

    108 West Burnett Avenue, Louisville, KY 40208
    STUDIO $495
  • a logo for a property management company
    Today

    2410 Elliot Avenue, Louisville, KY 40211
    2 BEDS $425
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  • More Rentals Near Louisville, KY

  • a kitchen with white appliances and wooden cabinets
    Today

    260 & 300 Faro Ct., Shepherdsville, KY 40165
    STUDIO $300
  • the side of a building with a blue sky in the background
    Today

    486 Eastern Blvd, Clarksville, IN 47129
    2 BEDS $500
  • a spacious kitchen with white cabinets and stainless steel appliances
    Today

    Marvin Gardens, New Albany, IN 47150
    STUDIO $50+
5-3-city
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Getting around in Louisville, KY

17 /100
Car-Dependent
35 /100
Some Transit
38 /100
Somewhat Bikeable
Walk Score®: 17, Transit Score®: 35, Bike Score®: 38

Frequently asked questions

When were prices and availability in Louisville, KY last updated?

Prices and availability in Louisville, KY were last updated on 26 Feb 2026.

What are the best apartments in Louisville, KY?

The best apartments in Louisville, KY are: 4143 Hillview Ave., 1607 Lucia Avenue, Terraces at Forest Springs, Heathmoore and 4120 Garland Ave..

What type of rental buildings are in Louisville, KY?

In Louisville 38% of the housing is rented out compared to 62% of homes are owned, according to the most recent Census Bureau estimates. 10% of Louisville's apartments are found in large buildings of 50 units or more, 62% are located in smaller apartment complexes with less than 50 units, and 27% are single-family rentals.

Your search for apartments in Louisville, KY under $500 stops here

Finding apartments for rent in Louisville, KY for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 25 available units in Louisville, KY, renting for under $500. On average, $414 can get you 820 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Louisville, KY goes for $150 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!