The Prestonian
712-715 E Gray St,
Louisville, KY 40202
$1,381 - $1,905 | 1-3 Beds
Phoenix Hill
Louisville, KY
Phoenix Hill - Louisville, KY
Area Guide
The trendy side of Louisville
Hip
•
Trendy
•
Walkable
•
Mass Transit
•
Bicycle-Friendly
•
Historic
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Artistic
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Diverse
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Charming row houses mixed with modern apartment buildings offers just a small taste of what you'll discover in Phoenix Hill. Settled before 1850, the neighborhood is a patchwork of historic and new, woven together by the diverse residents who call this Louisville neighborhood home. Phoenix Hill is located on the southeast side of Downtown Louisville, between Butchertown and Smoketown. It is blocks from the Ohio River and within walking distance of major attractions like the Louisville Waterfront Park and the Louisville Slugger Field.
Considered one of the hippest and trendiest neighborhoods in Louisville, Phoenix Hill is home to the University of Louisville Hospital and is next door to the Medical District, which includes Norton Hospital, Norton Children's Hospital, and the Jewish Hospital Rudd Heart and Lung Center. Phoenix Hill and nearby Butchertown are connected by the trendy East Market District, an area as old as the city itself and often nicknamed "NuLu." One of Phoenix Hill's most popular destinations is the Phoenix Hill Nulu Farmer's Market, a seasonal event held from May to October. Along with Butchertown, Phoenix Hill is one of the oldest neighborhoods in Louisville, and much of it is a National Historic District.
Rent Trends
As of July 2025, the average apartment rent in Phoenix Hill is $1,250 for a studio, $1,380 for one bedroom, $1,661 for two bedrooms, and $1,905 for three bedrooms. Apartment rent in Phoenix Hill has increased by 0.3% in the past year.
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Studio
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464 sq ft
Average Sq Ft
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$1,250/month
Average Rent
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1 BR
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751 sq ft
Average Sq Ft
-
$1,380/month
Average Rent
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2 BR
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1,045 sq ft
Average Sq Ft
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$1,661/month
Average Rent
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3 BR
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1,319 sq ft
Average Sq Ft
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$1,905/month
Average Rent
Transportation
81
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
57
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
73
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- Louisville Zoo
- Waterfront Park
- Louisville Waterfront Park
- Kentucky Science Center
- Eva Bandman Park and Cyclocross Venue
Military Bases
Airports
- Louisville Muhammad Ali International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.