Average Rent in Louisville, KY
Louisville combines Southern charm with Midwest affordability. Known for the Kentucky Derby, bourbon, and a growing food scene. Low rents and a reasonable cost of living make it a hidden gem for renters.
+2.2%YoY
Studio
$850
1-Bedroom
$1,000
2-Bedroom
$1,200
3-Bedroom
$1,500
Market Overview
Year-over-Year Change+2.2%
Vacancy Rate5.8%
Renter Population42%
Median Income$52,237/yr
Rent-to-Income Ratio23%
Cost of Living Index84 (US avg: 100)
Market Condition
Balanced Market
Market is relatively balanced between landlords and tenants.
Tenant Protections
- Kentucky Uniform Residential Landlord Tenant Act
- Security deposit limited to 1 month rent
- Deposit return within 30-60 days
- Landlord must maintain fit premises
Rent by Neighborhood in Louisville
NuLu (East Market)
Trendy district with boutiques, galleries, and farm-to-table dining.
Walk Score: 78Safety: 7/10
1-Bed
$1,250
2-Bed
$1,550
3-Bed
$1,900
The Highlands
Bardstown Road strip with restaurants, bars, and eclectic shops.
Walk Score: 72Safety: 7/10
1-Bed
$1,100
2-Bed
$1,350
3-Bed
$1,700
Germantown
Revitalized neighborhood with craft breweries and shotgun houses.
Walk Score: 65Safety: 6/10
1-Bed
$1,000
2-Bed
$1,200
3-Bed
$1,500
Old Louisville
Victorian architecture district near U of L with affordable options.
Walk Score: 68Safety: 5/10
1-Bed
$850
2-Bed
$1,050
3-Bed
$1,300
Tips for Renting in Louisville
- 1Louisville has a 2.2% city occupational tax - factor into budget
- 2Derby season (May) brings tourism and temporary price spikes
- 3Bourbon Trail is a lifestyle perk unique to the region
- 4Flooding risk exists near the Ohio River - check FEMA maps
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