Updated 1 Hour Ago
Highlights
- Well-designed layout
- Spacious rooms throughout
- Plenty of storage space
- Unfinished basement
Location
316 Iola Rd, Louisville, KY 40207, USA
Tour 316 Iola Rd
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Amenities for 316 Iola Rd
Features
| Central Air | Natural Gas |
Community
| Exterior Type: Brick | Laundry Room |
| Roof Type: Shingle |
Grounds
| Storage |
Other
| Architecture Style: Cape Cod | Seven Rooms |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
About 316 Iola Rd
Property Status: Active Welcome to this charming 2 bedroom, 1 bathroom home in St. Matthews. The property offers plenty of storage space, with a second floor and an unfinished basement. The location is ideal, with a variety of shops, restaurants, and activities nearby. The layout is well-designed, featuring spacious rooms throughout. Office Phone: (502) 897-3321 Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 316 Iola Rd compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 144 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 1.7 miles away
- Images Available
- There are at least 10 photos of this property
Considerations
- Priced higher than average
- 2-bedrooms are $455 more than the median rent in this area
- Distance from transit
- More than 1.6 miles from public transportation
- Greater distance from high schools
- The nearest high school is farther than 1.5 miles away
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
- No in-unit dishwasher
- Dishwashers aren't available
Address details
| Zip code | 40207 |
|---|---|
| Type | House for rent |
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Rent trends in Louisville
2-bedroom apartments at 316 Iola Rd cost about 56% more than the average rent price for 2-bedroom apartments in Louisville.
Median rents as of Oct 31 2026.
Louisville
| Month | Median Rent |
|---|---|
| November 2024 | $1,250 |
| December 2024 | $1,249 |
| January 2025 | $1,212 |
| February 2025 | $1,247 |
| March 2025 | $1,180 |
| April 2025 | $1,181 |
| May 2025 | $1,200 |
| June 2025 | $1,200 |
| July 2025 | $1,204 |
| August 2025 | $1,200 |
| September 2025 | $1,201 |
| October 2025 | $1,201 |
| November 2025 | $1,206 |
| December 2025 | $1,250 |
| January 2026 | $1,250 |
| February 2026 | $1,250 |
| March 2026 | $1,247 |
| April 2026 | $1,222 |
| May 2026 | $1,200 |
| June 2026 | $1,196 |
| July 2026 | $1,217 |
| August 2026 | $1,246 |
| September 2026 | $1,250 |
| October 2026 | $1,250 |
Affordability calculator
Can I afford to live at 316 Iola Rd?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$78,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $78,000 annually to afford this 2-bedrooms monthly rent price of $1,950.
For more information on rent affordability, visit our rent calculator.
Schools near 316 Iola Rd
Chenoweth Elementary School
3622 brownsboro rd
louisville, KY, 40207
PK, K-5Public
B
St. Joseph Children's Home
2823 frankfort ave
louisville, KY, 40206
K-8Public
C-
The Brook-Dupont
1405 browns ln
louisville, KY, 40207
PK, K-8Public
B-
Kentucky School for the Blind
1867 frankfort ave
louisville, KY, 40206
K-12Public
Binet School
3410 bon air ave
louisville, KY, 40220
K-12Public
Getting around Louisville near 316 Iola Rd
Walking
6/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 316 Iola Rd, Louisville
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
8/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
6/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
7/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
7/10
Wide variety of bars within a short drive, including some within walking distance
Explore the area around 316 Iola Rd
Paul's Fruit Markets
3922 Chenoweth Sq
Walmart Neighborhood Market
143 Thierman Ln
Kroger
291 N Hubbards Ln
Trader Joe's
4600 Shelbyville Rd
Whole Foods Market
4944 Shelbyville Rd
Lady Bear Resale Boutique
424 Fairlawn Rd
Lady Koy's Boutique & Confectionary
406 Cornell Pl
Loco Local Tee's LLC
319 Cannons Ln
Blush Boutiques
3745 Lexington Rd
Peppermint Palm
3741 Lexington Rd
Starbucks
3702 Frankfort Ave
Abol Cafe
102 1/2 Cannons Ln
Heine Brothers' Coffee
119 Chenoweth Ln
Sunergos Coffee
3922 Willis Ave
Dutch Bros Coffee
4020 Shelbyville Rd
Blossom Bar
3738 Lexington Rd
Diorio's Pizza & Pub
310 Wallace Ave
Gerstles
3801 Frankfort Ave
Diamond Pub & Billiards
3814 Frankfort Ave
Molly Malone's Irish Pub & Restaurant
3900 Shelbyville Rd
Rainbow Blossom Natural Foods
3738 Lexington Rd
Desserts By Helen
3500 Frankfort Ave
Cooking at the Cottage LLC
3739 Lexington Rd
Homemade Ice Cream & Pie Kitchen
3737 Lexington Rd
Pie Kitchen-St. Matthews
3737 Lexington Rd
Playground
Playground
Playground
Seneca Park
Garden
Bourbon Country BBQ
3624 Lexington Rd
The Fishery
3624 Lexington Rd
Momma's Mustard, Pickles & BBQ
102 Bauer Ave
Asahi
3701 Lexington Rd
Biscuit Belly-St Matthews
3723 Lexington Rd
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