Zumper
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Updated 44 Minutes Ago

Highlights

  • New Construction
  • Pet Friendly
  • Custom cabinetry
  • Fitness centers
  • Modern amenities
  • Business centers
  • Urban living
  • Stylish wood-style flooring

Location

715 E Gray St, Louisville, KY 40202, USA|Central Business District
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Management

LDG Development

Our team has verified this company

Leasing office

(502) 803-4548

Open today 

9:00 am–5:00 pm ET

Property Overview

The Prestonian scores highly overall, with strong marks for price, location, quality, and trustworthiness, along with appealing modern features like custom cabinetry, fitness centers, business centers, and stylish wood-style flooring. It also stands out for value for money, extensive nearby dining and entertainment, and easy access to parks and recreation, while the photos and nearby middle school add practical appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, The Prestonian is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, The Prestonian has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Middle school nearby
  • Images Available

Great for

  • Social life

Floor plans

1A-HV1 bed1 bath611 sqft$1,087 /mo2 units available
1A1 bed1 bath611 sqft$1,087 /mo3 units available
2A2 bed2 bath953+ sqft$1,305 /mo3 units available
2B2 bed2 bath1,092 sqft$1,305 /mo2 units available
2C2 bed2 bath1,076 sqft$1,305 /mo2 units available
3A3 bed2 bath1,289+ sqft$1,507 /mo3 units available
3A-South3 bed2 bath1,367 sqft$1,507 /mo2 units available
3B3 bed2 bath1,227 sqftAsk to join waitlistComing soon

Let's explore this property.

Amenities for The Prestonian

Building

Cats OKDogs 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.

Contact Property

OPTIONAL FEES

Dog Policy

Allowed
Limit2
Breed restrictionsYes

Up to 2 pets per apartment, breed and weight restrictions apply. Please contact our leasing office for details.

Cat Policy

Allowed
Limit2

Cat

Monthly Pet Fee

Monthly. 2 cats max.

$25

Pet Fee

One-time fee per pet.

$250

Dog

Monthly Pet Fee

Monthly. 2 dogs max.

$25

Pet Fee

One-time fee per pet.

$250

Questions about this property’s policies and fees?

Building details

Property details

Year built2025
Units343
Lease terms3–24 months
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About The Prestonian

HomeApartments in LouisvilleCentral Business District The Prestonian

The Prestonian is a brand-new, affordable apartment community in the Phoenix Hill neighborhood of downtown Louisville, Kentucky. The contemporary, four-story building sits just on the outskirts of downtown and offers a variety of one-, two- and three-bedroom floor plans. Every home showcases a contemporary aesthetic with custom cabinetry, energy-saving appliances, stylish wood-style flooring and additional modern amenities. Residents can access the community amenities, including business and fitness centers, an outdoor patio, a library, and more! Additionally, through our partnerships with leading healthcare organizations in the area, residents can benefit from robust service programming focused on wellness and prevention. Less than one mile from downtown Louisville, this spot is perfect for those who thrive on the energy of urban living. It’s also close to NuLu, a vibrant area with art galleries, antique shops, coffee shops, and various cuisines.


Year Built: 2025

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, The Prestonian is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, The Prestonian has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
How we rated The Prestonian
Price·6A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
The Prestonian is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, The Prestonian is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Prestonian offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
The Prestonian has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at The Prestonian.
Trustworthiness·9A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The Prestonian has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.

The Prestonian is great for:

Social life

  • 265 restaurants within 1 mile of this property
  • 50 theaters, music venues, or sports arenas nearby
  • Area has 58 parks and recreation options
  • 276 mixed-use spaces nearby

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 The Prestonian compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 0.3 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 1 mile away
No elevator
Accessibility options are limited
No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Central Business District

1-bedroom apartments here are priced 6% higher than 1-bedrooms in Central Business District.

If you decide to upgrade your space, you can expect 2-bedrooms at The Prestonian to be 13% less than the average for similarly sized apartments in Central Business District.

3-bedroom apartments at The Prestonian cost about the same as the average rent price for 3-bedroom apartments in Central Business District.

Median rents as of Sep 12 2026.
Central Business District
Louisville
A table of studio rental data trends in Louisville
MonthMedian Rent
September 2024$850
October 2024$806
November 2024$879
December 2024$884
January 2025$918
February 2025$904
March 2025$891
April 2025$893
May 2025$898
June 2025$867
July 2025$874
August 2025$875
September 2025$907
October 2025$929
November 2025$935
December 2025$964
January 2026$971
February 2026$933
March 2026$913
April 2026$915
May 2026$899
June 2026$882
July 2026$890
August 2026$860
September 2026$895
A table of studio rental data trends in Central Business District
MonthMedian Rent
May 2025$1,618
June 2025$1,486
July 2025$1,399
August 2025$1,435
September 2025$1,395
October 2025$1,280
November 2025$1,280
December 2025$1,280
January 2026$1,252
February 2026$1,254
March 2026$1,194
April 2026$1,127
May 2026$1,100

Affordability calculator

Can I afford to live at 715 E Gray St?

Bedrooms

Rent-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

$43,480/yr

With your selected rent-to-income ratio, you'd ideally want to make $43,480 annually to afford this 1-bedroom median monthly rent price of $1,087.
For more information on rent affordability, visit our rent calculator.

Schools near The Prestonian

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

Home of the Innocents School

1100 east market st

louisville, KY, 40206

K-12Public

Home of the Innocents Discovery

1100 east market st

louisville, KY, 40206

PK, K-12Public

Shelby Academy

735 ziegler st

louisville, KY, 40217

K-5Public
C
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Internet available near The Prestonian

Getting around Louisville near 715 E Gray St

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

7/10
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

5/10
Frequent public transit options are within walking distance.

Points of interest for 715 E Gray St, Louisville

Groceries

9/10
Wide variety of groceries within a few minutes' walk

Shopping

8/10
Wide variety of shops within a few minutes' walk

Cafes

8/10
Wide variety of cafés within a short drive, including some within walking distance

Restaurants

8/10
Wide variety of restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

8/10
At least one high school within a 15-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

9/10
Wide variety of bars within a few minutes' walk

Explore the area around 715 E Gray St

Broad Grocery
540 E Gray St
Neighborhood Food Mart Inc
542 Lampton St
Webb's Market
944 E Muhammad Ali Blvd
Nulu Food Market
528 E Liberty St
900 East Mkt Partnership LLC
732 E Market St

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