$3,200 Per Month
- 2 Beds
- 2 Baths
- 1,036 Sq Ft
- House for Rent
604 S 3rd St Unit 810, Louisville, KY 40202
604 S 3rd St Unit 810, Louisville, KY 40202
Frequently Asked Questions
How much does it cost to rent a single-family home in Louisville, KY?
The median rent for a single-family home in Louisville, KY is $1,695 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Louisville, KY?
To comfortably afford the median rent in Louisville, KY, a household needs to earn roughly $54,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,350 per month in Louisville, KY, renters typically need to show $4,050 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Louisville, KY?
In Louisville, KY, the price-to-rent ratio is 16.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Louisville, KY are best for renting a single-family home?
The best neighborhood for renting in Louisville, KY depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Bon Air, Newburg, Klondike, Highview and Fern Creek, each with its own character and price range.
