The Prestonian
712-715 E Gray St,
Louisville, KY 40202
$1,245 - $1,715
1-3 Beds
Phoenix Hill
Louisville, KY
Phoenix Hill - Louisville, KY Area Guide
The trendy side of Louisville
Hip
•
Trendy
•
Walkable
•
Mass Transit
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Bicycle-Friendly
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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 April 2026, the average apartment rent in Phoenix Hill is $1,278 for a studio, $795 for one bedroom, $820 for two bedrooms, and $963 for three bedrooms. Apartment rent in Phoenix Hill has increased by 1.4% in the past year.
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Studio
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464 sq ft
Average Sq Ft
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$1,278/month
Average Rent
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1 BR
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638 sq ft
Average Sq Ft
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$795/month
Average Rent
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2 BR
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1,005 sq ft
Average Sq Ft
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$820/month
Average Rent
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3 BR
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1,332 sq ft
Average Sq Ft
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$963/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Phoenix Hill - Louisville, KY is for everyday living.
Very Walkable
Walkability
80
/ 100
Good Public Transit
Transit
60
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Daily Essentials
Phoenix Hill - Louisville, KY offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 5 Minute Walk
Groceries
90
/ 100
Good Restaurant Variety Nearby
Restaurants
70
/ 100
Fair Café Variety Nearby
Cafes
50
/ 100
Good Variety of Shops Nearby
Shopping
60
/ 100
Recreation
Phoenix Hill - Louisville, KY provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
70
/ 100
Fair Wellness Amenity Variety Nearby
Wellness
50
/ 100
Local Vibe
Get a sense of what it’s like to live in Phoenix Hill - Louisville, KY from everyday activity to noise and nightlife.
Vibrant Atmosphere
Vibrancy
60
/ 100
Good Nightlife Variety Nearby
Nightlife
60
/ 100
Scores provided by
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 February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.