Apartments for Rent in Newburg, Louisville, KY

Newburg, Louisville apartment availability

Newburg's rental market offers a good selection of listings, with an average of 23 rentals available each month. The majority of rentals in Newburg are 2-bedroom and 3-bedroom apartments, making it a great option for families or roommates. Many apartments in the area are pet-friendly, with over 60% allowing small dogs, dogs, and small pets. This makes Newburg a great choice for renters with furry friends. With a range of options available, renters can find a home that fits their needs in this Louisville neighborhood.

Newburg, Louisville rental market trends

The Newburg, Louisville rental market experienced a decline in average rent prices over the past year, with a 3.5% decrease to $1,235 per month. Breaking it down by bedroom count, 1-bedrooms saw the largest drop, with an 18.4% decrease to $817 per month. 2-bedrooms averaged $1,138 per month, a 2.6% decrease, while 3-bedrooms averaged $1,302 per month, a 6.9% decrease.

The summer months tend to see higher demand and prices in Newburg, with July typically being the most expensive month. Rents in July are about 19.7% higher than in December, the month with the lowest average rent. If you're looking for a new apartment, winter may be a good time to search, as prices are generally lower. Keep in mind that the rental market can be less competitive during this time, with fewer rentals available but also fewer people looking for homes.

Why Newburg, Louisville is a great place to live

Newburg stands out as a neighborhood that seamlessly blends social vibrancy with a strong commitment to environmental sustainability.

For those prioritizing eco-friendly living, Newburg offers a unique combination of features such as the use of non-toxic paint, rainwater harvesting, recycling programs, and energy-efficient appliances in many of its homes. The presence of community solar projects, sustainable materials in construction, and low-flow fixtures further underscores the neighborhood's green credentials. Additionally, its high walk score and access to parks and recreation areas enhance the quality of life for its residents.

Simultaneously, Newburg caters to those seeking an active social life. The neighborhood's street infrastructure supports a variety of transit options, with frequent service. A diverse neighborhood age distribution contributes to a dynamic community atmosphere, which is complemented by a strong emphasis on safety. Overall, Newburg presents an attractive option for individuals looking for a community that supports both their social and environmental values.