Apartments for Rent in Portland, Louisville, KY

Portland, Louisville apartment availability

Portland's rental market offers a good selection of listings, with an average of 34 rentals available each month. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as a few studios. Many of these apartments cater to pet owners, with over half allowing pets with some restrictions. This makes Portland a great option for those looking for a pet-friendly community. With a range of options to choose from, renters can find a home that suits their needs in this Louisville neighborhood.

Portland, Louisville rental market trends

The Portland, Louisville rental market experienced a slight decline in average rent prices, with a year-over-year decrease of about 1%. The average monthly rent for all bed types and properties is around $959. Breaking it down by bed count, 1-bedrooms average $752 per month, reflecting a 3% annual increase, while 2-bedrooms average $918, with a 2.6% increase. Studios saw a significant jump of 130% to an average of $985 per month.

The market tends to fluctuate throughout the year, with April typically seeing the highest rent prices, about 12.8% higher than March, the month with the lowest rent. If you're looking for a new apartment, March might be a good time to find a deal. Keep in mind that the market's competitiveness can vary, but understanding these trends can help you navigate the Portland, Louisville rental landscape.

Why Portland, Louisville is a great place to live

We've analyzed data from the Portland area to understand what makes it an attractive place to live. Our findings show that Portland excels in two key areas: social life and environmental sustainability.

The city's social scene thrives due to its well-designed street infrastructure, frequent transit options, and a diverse neighborhood age distribution, which all contribute to a strong sense of community and safety. Additionally, Portland's high walk score makes it easy to get around without a car.

For those prioritizing eco-friendliness, Portland is a leader in environmental sustainability. Many homes and buildings feature non-toxic paint, sustainable materials, and low-flow fixtures, while community solar projects and rainwater harvesting systems are also prevalent. With numerous parks and green spaces, Portland offers a unique blend of urban living and environmental responsibility. If you value a vibrant social life and a commitment to sustainability, Portland is an excellent choice.