Apartments Under $800 in Louisville, KY

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Apartments Under $800 in Louisville, KY

Search and browse 2488 apartments under $800 available for rent in Louisville, KY. With apartments that span the entire city, you will find an apartment in Louisville for just the right price. During your search, sort your favorite apartments under $800 by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new Louisville apartment before you know it.

Louisville:
October Rent Report

Welcome to the October 2020 Louisville Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the October 2020 key findings and figures for the Louisville rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Louisville and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Louisville rent prices in the chart below.

Monthly Rent Report

Louisville Rent Prices Increase From September to October

Louisville rent prices increased over the last month. From September to October, the city experienced a 0.54% increase for the price of a one-bedroom apartment. The rent price for a Louisville one-bedroom apartments currently stands at $938.0.

When we take a look at the two-bedroom comparison from September to October, Louisville experienced a 0.74% increase for the price of a two-bedroom apartment. The rent price for a Louisville two-bedroom apartments currently stands at $1,091.0.

October Prices: Louisville vs. Surrounding Areas

Rent Prices in Louisville and Surrounding Areas

Rent prices have increased in Louisville over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Louisville suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Clarksville, IN, Jeffersontown, KY .

  • Rent decreased in New Albany, IN.

  • 1 suburb is currently priced higher than the city of Louisville.

  • 2 suburbs are currently priced lower than the city of Louisville.

October 2020 Pricing Trends: Louisville vs. National Comparisons

Louisville Rent Prices More Affordable Than Major Cities

Rent growth in Louisville over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Louisville rent prices appear to be relatively affordable for local residents.

The price for a Louisville one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's October 2020 National Apartment Report and data set here.

For more information about Louisville and surrounding area rent prices, take a look at the complete data set below.

Data set for Louisville and suburbs

1 BR October 1 BR M/M % Change 2 BR October 2 BR M/M % Change
Louisville, KY $933.0 0.87% $1,083.0 0.93%
Clarksville, IN $725.0 1.12% $1,250.0 3.05%
Jeffersontown, KY $1,029.0 1.68% $1,276.0 -2.97%
New Albany, IN $704.0 0.00% $1,538.0 -7.57%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.