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Average Rent in Louisville, KY

Home  »  KY  »  Louisville

Current Versus Historical Louisville, KY Rents

Louisville rentals average $2,125 for a studio rental to $2,675 for a 4-bedroom rental. The median price of all currently available listings is $1,300, or roughly $1 per square feet.
For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $42 (-1.87%) year-over-year from $2,229 to $2,188. 1-bedroom rentals prices have decreased by $368 (-28.48%) year-over-year from $1,293 to $925. 2-bedroom rentals prices have increased by $121 (8.44%) year-over-year from $1,429 to $1,550. 3-bedroom rentals prices have increased by $89 (5.67%) year-over-year from $1,573 to $1,663. 4-bedroom rentals prices have increased by $2,079 (108.24%) year-over-year from $1,921 to $4,000. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 7.90% this month. 1-bedroom rents have gone down by 17.92% this month. 2-bedroom rents have gone down by 1.94% this month. 3-bedroom rents have gone down by 1.43% this month. 4-bedroom rents have gone up by 42.01% this month.
Beds
Price / Sqft
 May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $1.17 $2,188 $2,229 (-1.87%) $1,679 (30.31%)
1 BR $1.39 $925 $1,293 (-28.48%) $1,406 (-34.23%)
2 BR $1.33 $1,550 $1,429 (8.44%) $1,275 (21.62%)
3 BR $1.44 $1,663 $1,573 (5.67%) $1,263 (31.60%)
4+ BR $1.20 $4,000 $1,921 (108.24%) $1,593 (151.05%)

Historical Rents in Louisville, KY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Louisville



Let's compare Louisville, KY's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near Louisville



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Louisville

The average rent for rentals in these counties is $1,300. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Jefferson, KY. It's average rent per month is $1,300. Vice versa, with an average rent of $1,300, Jefferson, KY is the most expensive county by Louisville, KY.

Typically, rent for studios in Louisville, KY is on par with the other counties nearby. In comparison, rent for one bedroom listings in Louisville, KY is 1.37% more affordable than other counties nearby. Finally, rent for two bedrooms in Louisville, KY is on par with the other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Jefferson, KY $2,125 $925 $1,237 $1,300

Top Zipcodes Near Louisville



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - Louisville Average Rents

What is the average rent price in Louisville, KY?
The average monthly rental price for Louisville, KY apartments for rent is approximately $1,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Louisville, KY rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Louisville, KY.
How much is a studio apartment in Louisville, KY?
The average monthly rental price for studio apartments is $2,125 and an average price per square feet of $1.17. There are a total of 2 studio apartment listings currently available for rent in Louisville.
How much is a one bedroom apartment in Louisville, KY?
The average monthly rental price for one bedroom apartments is $913 and an average price per square feet of $1.39. There are a total of 54 one bedroom apartment listings currently available for rent in Louisville.
How much is a two bedroom apartment in Louisville, KY?
The average monthly rental price for two bedroom apartments is $1,237 and an average price per square feet of $1.33. There are a total of 80 two bedroom apartment listings currently available for rent in Louisville.
How have rent prices in Louisville, KY changed this year?
Rent prices for rentals in Louisville, KY can fluctuate yearly. Specifically, studio rental prices have changed by -0.02%, one bedroom rental prices have changed by -0.28%, two bedroom rental prices have changed by 0.08%, and three bedroom rental prices have changed by 0.06% year-over-year.
What is a reasonable rent price in Louisville, KY?
A reasonable rent price in Louisville, KY is around $1,040/month. You can search for these reasonably priced rental listings on RentHop.
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