Paddock at Eastpoint
13516 Skywatch Ln,
Louisville, KY 40245
1-3 Beds | $1,245 - $2,195
Rental Market Trends in Louisville, KY
Updated August 2026
The average rent in Louisville, KY is $1,138/month.
Rent in Louisville is 32% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,138/month
Average Rent
715 Sq Ft
Average Size
+2%
Change / Year
6,863
Available Apartments
Louisville rent varies by unit size and layout:
- Studio apartments in Louisville average $877 per month.
- One-bedroom apartments in Louisville average $1,138 per month.
- Two-bedroom apartments in Louisville average $1,313 per month.
- Three-bedroom apartments in Louisville average $1,692 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Louisville, KY?
In the past year, rent has increased by 2%, which averages out to $24 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Louisville, KY
August 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
11%
Below $700/month
30%
$700 - $1,000/month
44%
$1,001 - $1,500/month
11%
$1,501 - $2,000/month
3%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Louisville?
Based on current rent prices, Bon Air, Taylor Berry and Shelby Park 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, Louisville Waterfront, Clifton Heights 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 $1,138, you’ll want to make about $3,793 per month or $45,516 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.
Cost of Living
The cost of living in Louisville, KY is 9.4% lower than the national average. Generally, housing in Louisville is 25.6% less expensive than the national average, with rent falling between $877 - $1,692. You can expect to pay 0.2% less for groceries, 12.7% less for utilities, and 4.6% less for transportation.
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.
View the Louisville Area GuideStudio
-
$1,211/month
One Bedroom
$759/month
$1,396/month
Two Bedroom
$863/month
$1,738/month
Three Bedroom
$946/month
$1,924/month
Apartment Communities in Louisville We Think You'll Love
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Frequently Asked Questions
What is the average rent in Louisville?
The average rent in Louisville is $1,138 per month, which is 31.6% lower than the national average of $1,663.
What is the average rent for a house in Louisville?
The average rent for a house in Louisville, KY is $1,784 per month.
What is the average rent for a townhome in Louisville?
The average rent for a townhome in Louisville, KY is $1,579 per month.
What is the average rent for a condo in Louisville?
The average rent for a condo in Louisville, KY is $1,015 per month.
Are rents going up or down in Louisville?
Rents in Louisville, KY are increasing, with prices up 2.0% year-over-year and $24 more per month.
What rent range is most common in Louisville?
In Louisville, KY, 44% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 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.
* Percentages may not total 100 due to rounding.