17 Hours Ago
Location
516 Colorado Ave, Louisville, KY 40208, USA|Algonquin
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Amenities for 516 Colorado Ave, Algonquin
Features
| 2 Floors | Central Air |
| Hardwood Floor |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Laundry Room | Onsite Laundry |
| Roof Type: Shingle |
Grounds
| Garage Parking | Outdoor Space |
Other
| Exterior Type: Vinyl Siding | Nine 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
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About 516 Colorado Ave
Property Status: Active This wonderful 3 bedroom, 2 full bath house is walking distance to UofL and close to the fraternities/sororities. It has easy access to downtown, the medical complex and a short drive to The Highlands. The bedrooms are all a nice size and have private access. This house features hardwood floors, central air, a remodeled kitchen, remodeled bathrooms, dishwasher, microwave, stove, refrigerator and washer ad dryer. There is a large fenced in yard with a deck. There is also an unfinished walkout basement and a one car garage. Laundry/mudroom on first floor. Pets considered. Available May 1, 2026 NO SMOKING 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 516 Colorado Ave compares to other nearby properties.
Positives
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
Address details
| Neighborhood | Algonquin |
|---|---|
| Zip code | 40208 |
| Type | House for rent |
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Rent trends in Algonquin
3-bedroom apartments at 516 Colorado Ave cost about 46% more than the average rent price for 3-bedroom apartments in Louisville.
Median rents as of Mar 14 2026.
Algonquin
Louisville
| Month | Median Rent |
|---|---|
| March 2024 | $1,600 |
| April 2024 | $1,634 |
| May 2024 | $1,659 |
| June 2024 | $1,658 |
| July 2024 | $1,639 |
| August 2024 | $1,609 |
| September 2024 | $1,633 |
| October 2024 | $1,646 |
| November 2024 | $1,623 |
| December 2024 | $1,622 |
| January 2025 | $1,636 |
| February 2025 | $1,646 |
| March 2025 | $1,631 |
| April 2025 | $1,620 |
| May 2025 | $1,677 |
| June 2025 | $1,648 |
| July 2025 | $1,645 |
| August 2025 | $1,620 |
| September 2025 | $1,614 |
| October 2025 | $1,614 |
| November 2025 | $1,635 |
| December 2025 | $1,632 |
| January 2026 | $1,655 |
| February 2026 | $1,668 |
| March 2026 | $1,622 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,250 |
| April 2024 | $1,237 |
| May 2024 | $1,195 |
| June 2024 | $1,375 |
| July 2024 | $1,358 |
| August 2024 | $1,236 |
| September 2024 | $1,212 |
| October 2024 | $1,217 |
| November 2024 | $1,305 |
| December 2024 | $1,287 |
| January 2025 | $1,287 |
| February 2025 | $1,300 |
| March 2025 | $1,229 |
| April 2025 | $1,204 |
| May 2025 | $1,170 |
| June 2025 | $1,136 |
| July 2025 | $1,080 |
| August 2025 | $1,197 |
| September 2025 | $1,206 |
| November 2025 | $1,209 |
| December 2025 | $1,172 |
| January 2026 | $1,197 |
| February 2026 | $1,278 |
| March 2026 | $1,230 |
Affordability calculator
Can I afford to live at 516 Colorado Ave?
Bedrooms
3 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
$72,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $72,000 annually to afford this 3-bedrooms monthly rent price of $1,800.
For more information on rent affordability, visit our rent calculator.
Schools near 516 Colorado Ave
Cochran Elementary School
500 west gaulbert ave
louisville, KY, 40208
K-5Public
C
Churchill Park School
435 boxley ave
louisville, KY, 40209
PK, K-12Public
Pathfinder School of Innovation
900 s floyd st
louisville, KY, 40203
K-12Public
C-
Dawson Orman Education Center
900 s floyd st
louisville, KY, 40203
PKPublic
Duvalle Education Center
3610 bohne ave
louisville, KY, 40211
PKPublic
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Internet available near 516 Colorado Ave
Neighborhood
Algonquin | Louisville, KY
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Louisville near 516 Colorado Ave
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 516 Colorado Ave, Louisville
Groceries
6/10
At least one supermarket within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
4/10
At least one high school within a 20-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
3/10
Some bars within walking distance
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