Apartments for Rent in Park Hill, Louisville, KY

Park Hill, Louisville apartment availability

Park Hill's rental market offers a good selection of listings, with an average of about 20 rentals available each month. The majority of rentals in the area are 2-bedroom and 3-bedroom apartments, making it a great option for families or roommates. Notably, over 56% of Park Hill apartments are pet-friendly, with many allowing small pets or having some pet restrictions, making it a great neighborhood for pet owners. With its varied housing options and pet-friendly amenities, Park Hill is a neighborhood worth considering for renters in Louisville.

Park Hill, Louisville rental market trends

Park Hill's rental market saw a modest increase of 3.06% last year, with the average monthly rent reaching $1,061. Breaking it down by bedroom count, 1-bedrooms averaged $860 per month, a 4.03% increase from the previous year. Meanwhile, 2-bedrooms and 3-bedrooms averaged $946 and $1,136, respectively, with year-over-year increases of 2.54% and 6.20%.

Summer months tend to see higher demand and prices in Park Hill, with July typically being the most expensive month. Rents in July are about 22.7% higher compared to February, the month with the lowest average rent. If you're looking for a new apartment, be prepared for more competition during the summer. Conversely, if you're searching during the winter months, you may find relatively lower prices. Keep in mind that the rental market can fluctuate, and it's essential to stay informed about local trends to find the best fit for your needs and budget.

Why Park Hill, Louisville is a great place to live

Park Hill is a top choice for renters prioritizing environmental sustainability and social living. The neighborhood's focus on eco-friendliness is evident in its use of non-toxic paint, rainwater harvesting, and low-flow fixtures in apartments. Community solar projects and sustainable materials used in construction also contribute to its high environmental sustainability score. Additionally, Park Hill's walk score, transit score, and abundance of parks and recreation areas make it an ideal location for those who value an active, outdoor lifestyle. The neighborhood's social scene is also thriving, thanks to its diverse age distribution, safe streets, and frequent transit options, making it easy to get around and connect with friends.