3 Days Ago
Highlights
Pet Friendly
Location
5506 Locust Way #1, Louisville, KY 40229, USA
Tour 5506 Locust Way #1
Contact
We Buy Real Estate, LLC
Nearby rentals
Renter hub
Property management
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Property Overview
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Images Available
Great for
Work-from-home
Amenities for 5506 Locust Way #1
Community
| Cats OK | Dogs OK |
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
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 5506 Locust Way #1
***COMING MID-JUNE*** Adorable 3-bedroom, 1-bath home located in the Hillview area! This charming property offers nearly 1,200 sq. ft. of living space with plenty of room to enjoy. Features include a large backyard, 2-car detached garage, and an additional carport for extra parking. Conveniently located near shopping centers, restaurants, and everyday amenities. Don't miss out on this great opportunity! Rent:$1399-$1499 Deposit: $1399-$1499 Pets accepted, restrictions may apply COB/ADMIN FEE OF $100 DUE AT LEASE SIGNING CLOSED WEEKENDS!!!! No need for an appointment. We are open M-F 9-6. Bring your ID and a $20 Cash as a refundable key deposit. We are closed daily from 10:45-11:45 for a meeting. We do the application process in person only. COME SEE US AT 8219 Shelbyville Rd. 40222 We do all money transactions in person, never asking for money, via phone or over the internet. We Buy Real Estate 8219 Shelbyville Rd Louisville, KY 40222 502-479-zerozerozerozero 12-18 or 24-month leases
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 5506 Locust Way #1 compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 1 mile away
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 3 miles away
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
Address details
| Zip code | 40229 |
|---|---|
| Type | House for rent |
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Rent trends in Louisville
3-bedroom apartments at 5506 Locust Way #1 cost about 12% less than the average rent price for 3-bedroom apartments in Louisville.
Median rents as of May 23 2026.
Louisville
| Month | Median Rent |
|---|---|
| June 2024 | $1,654 |
| 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 | $1,617 |
| April 2026 | $1,600 |
| May 2026 | $1,589 |
Affordability calculator
Can I afford to live at 5506 Locust Way #1?
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
$55,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $55,960 annually to afford this 3-bedrooms monthly rent price of $1,399.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 3 years ago | $1,299 |
Schools near 5506 Locust Way #1
Laukhuf Elementary School
5100 capewood dr
louisville, KY, 40229
PK, K-5Public
C+
Georgia Chaffee Teenage Parent Program
1010 neighborhood pl
fairdale, KY, 40118
PK, 6-12Public
B-
George Unseld Early Childhood Center
5216 ilex ave
louisville, KY, 40213
PKPublic
Binet School
3410 bon air ave
louisville, KY, 40220
K-12Public
Peace Academy
2020 newburg rd
louisville, KY, 40205
PK, K-12Public
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Internet available near 5506 Locust Way #1
Getting around Louisville near 5506 Locust Way #1
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 5506 Locust Way #1, Louisville
Groceries
5/10
At least one grocery store within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
7/10
At least one elementary school within a 20-minute walk
High schools
0/10
No high schools within a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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Check availability
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