Zumper
modified
8 Hours Ago

Highlights

  • Off-street parking
  • Vinyl plank flooring
  • Central heat and air
  • Central air and heat
  • Off street parking
  • Large closet

Location

1124 South 3rd Street, Louisville, Kentucky 40203, United States|Old Louisville
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Contact

Management

Sharon Landrum Realty Inc

Leasing office

(502) 893-8244

Property Overview

1124 S. 3rd St. achieves a solid Zumper expert rating of 8.4, reflecting its strong value and quality features, including off-street parking, vinyl plank flooring, and central heating and cooling. The property excels in location with a rating of 9, providing outstanding access to schools, transport, and dining, while also scoring 10 for pricing, making it competitively priced among similar offerings. With diverse nearby amenities and a vibrant social scene, it offers an appealing lifestyle for prospective renters.

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

8.4
Very Good
With a solid 8.4 out of 10 overall, 1124 S. 3rd St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1124 S. 3rd St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Elementary school nearby

Great for

  • Social life

Floor plans

0BR/1.0BAStudio1 bath$750 /mo1 unit availableNice studio with vinyl plank flooring, natural woodwork, updated kitchen and bath, central heat and air and large closet. Close to bus line, U of L and downtown. Off street parking.
1BR/1.0BA1 bed1 bath$750 /mo1 unit availableStudio apartment located in the heart of Old Louisville. This apartment has vinyl plank flooring, updated kitchen and bath, central air and heat, outdoor deck and off-street parking. Close to Downtown, Central Park, U of L and the expressway,

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units3
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About 1124 S. 3rd St

HomeApartments in LouisvilleOld Louisville 1124 S. 3rd St

Nice studio with vinyl plank flooring, natural woodwork, updated kitchen and bath, central heat and air and large closet. Close to bus line, U of L and downtown. Off street parking.


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.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, 1124 S. 3rd St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1124 S. 3rd St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 1124 S. 3rd St
Price·10A 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.
1124 S. 3rd St offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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, 1124 S. 3rd St 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·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
1124 S. 3rd St is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A 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.
While 1124 S. 3rd St does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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 level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

1124 S. 3rd St is great for:

Social life

  • Areas nearby are accessible by walking
  • Diverse age groups live in this area
  • 99 restaurants within 1 mile of this property
  • 33 local event hubs within 1 mile

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 1124 S. 3rd St compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Elementary school nearby
There is an elementary school 0.3 mile away
Less expensive
Studio units are cheaper than other similar listings nearby

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Old Louisville

Studio apartments at 1124 S. 3rd St cost about 9% less than the average rent price for studios in Old Louisville.

1-bedroom apartments here are priced 12% lower than 1-bedrooms in Old Louisville.

Median rents as of Dec 13 2025.
Old Louisville
Louisville
A table of studio rental data trends in Louisville
MonthMedian Rent
December 2023$800
January 2024$800
February 2024$812
March 2024$808
April 2024$721
May 2024$733
June 2024$789
July 2024$859
August 2024$877
September 2024$818
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$959
A table of studio rental data trends in Old Louisville
MonthMedian Rent
December 2023$595
January 2024$646
February 2024$695
March 2024$652
April 2024$583
May 2024$612
June 2024$721
July 2024$735
August 2024$811
September 2024$649
October 2024$637
November 2024$708
December 2024$705
January 2025$746
February 2025$810
March 2025$745
April 2025$724
May 2025$745
June 2025$749
July 2025$759
August 2025$764
September 2025$721
October 2025$724
November 2025$801
December 2025$825

Affordability calculator

Can I afford to live at 1124 South 3rd Street?

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

$30,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $30,000 annually to afford this studio monthly rent price of $750.
For more information on rent affordability, visit our rent calculator.

Schools near 1124 S. 3rd St

Engelhard Elementary School

1004 s first st

louisville, KY, 40203

K-5Public
C

Dawson Orman Education Center

900 s floyd st

louisville, KY, 40203

PKPublic

Pathfinder School of Innovation

900 s floyd st

louisville, KY, 40203

K-12Public
C-

Home of the Innocents Discovery

1100 east market st

louisville, KY, 40206

PK, K-12Public

Home of the Innocents School

1100 east market st

louisville, KY, 40206

K-12Public
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Getting around Louisville near 1124 South 3rd Street

Walking

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

Driving

10/10
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

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

Points of interest for 1124 South 3rd Street, Louisville

Groceries

9/10
At least one supermarket within a 5-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

4/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

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

Parks

8/10
Large amount of park space nearby

Nightlife

5/10
Some bars within a few minutes’ walk

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