Livano Springdale
5217 Springdale Rd,
Louisville, KY 40241
Studio - 3 Beds | $1,350 - $2,760
Rental Market Trends in Louisville, KY
What is the average rent in Louisville, KY?
$1,087/month
Average Rent
719 Sq Ft
Average Apartment Size
+1.7%
Increase in the Last Year
As of December 2024, the average rent in Louisville, KY is $1,087 per month. This is 30% lower than the national average rent of $1,560/month, making renting in Louisville more affordable than most cities in the US. When you rent an apartment in Louisville, you can expect to pay about $870 per month for a studio, $1,087 for a one-bedroom apartment, and around $1,267 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,606 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Louisville, KY?
In the past year, rent has increased by 1.7%, which averages out to $19 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Louisville, KY
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
16%
Below $700/month
32%
$700 - $1,000/month
41%
$1,001 - $1,500/month
10%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Louisville?
Based on current rent prices, South Louisville, Old Louisville and Fern Creek are the most affordable neighborhoods in Louisville.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Louisville?
Based on current rent prices, Butchertown, NuLu and Highlands are the most expensive neighborhoods in Louisville.
Neighborhood
Average Rent
Average Sq Ft
Which Louisville neighborhoods have the most rentals available?
The neighborhoods in Louisville with the most apartments available are East End, Downtown Louisville and Hurstbourne .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Louisville, KY?
Because the average rent in Louisville is $1,087, you’ll want to make about $3,623 per month or $43,476 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Louisville, KY compare to other nearby cities and neighborhoods?
Use the tool below to compare Louisville, KY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$604/month
$1,358/month
One Bedroom
$908/month
$1,407/month
Two Bedroom
$1,042/month
$1,976/month
Three Bedroom
$1,320/month
$3,257/month
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.