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City Report · TN

Louisville

Pop. 4,383·20th most expensive in Tennessee·Louisville rents are up 8.5% over the past year
Median rent (all units)
$1,800/mo
Year-over-Year
+8.5%
Month-over-Month
+3.0%
vs US Median
-$165
Rising (Monthly)
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Most AffordableMost Expensive
Louisville · $1,800
More affordable than 54% of US cities · National median $1,965/mo
Affordability
24% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,800/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$72,000/yr
Local median income
$89,744/yr
Based on the 30%-of-income rule using Louisville's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$970
1 BR
$970
2 BR
$1,190
3 BR
$1,530
4 BR+
$1,800
Research median
$1,190/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$21,600/yr
At $1,800/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.5% YoY, +3.0% MoM), not inventory.
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Demographics

Who lives here

Louisville, TN is majority owner-occupied, has a large retiree population, has a median income above the national average, 38.9% of residents hold a bachelor's degree or higher.

Population
4,383
Median income
$89,744
Median age
51
Renters
6.1%
Age distribution
14.1%
21.3%
24.2%
16.2%
24.2%
Under 1814.1%
18–3421.3%
35–5424.2%
55–6416.2%
65+24.2%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
92.6%
White92.6%
Black1.7%
Hispanic6.4%
Asian0.5%
Education (25+)
26.2%
27.9%
38.9%
No HS diploma7.1%
HS diploma26.2%
Some college27.9%
Bachelor's+38.9%
Housing tenure
93.9%
Owner93.9%
Renter6.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Louisville, TN has changed in 5 years

Income
$81,369 → $89,744
up 10.3%
Population
4,337 → 4,383
up 1.1%
Renter share
9.3% → 6.1%
-3.2 pts
Bachelor's+
33.6% → 38.9%
+5.3 pts
Median age
51.9 → 51
-0.9 yrs

Local incomes tracked alongside that move, going from a median of $81,369 in 2021 to $89,744 more recently. The population has grown by 1.1% since 2021, moving from about 4,337 residents to roughly 4,383. Renters now make up 6.1% of households, compared with 9.3% five years ago. College-educated residents now make up 38.9% of adults here, versus 33.6% in 2021.

Community

Discussions about Louisville

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View Louisville rent history (2015–2026) →
Salary vs rent

Can you afford rent in Louisville on your salary?

At $1,800/mo, how Louisville rent compares to typical pay (30% rule).

By apartment size

Louisville rent by bedroom count

Median rent for each apartment size in Louisville. Click any size for full breakdown.

Local insights

Tips for renters in Louisville

About renting in Louisville, TN

Last updated: July 20, 2026

The median rent in Louisville is $1,800/mo as of July 2026. A studio apartment averages $970/mo while a 2-bedroom runs $1,190/mo. One-bedroom apartments average $970/mo and 3-bedroom units go for $1,530/mo.

At 24% of local median household income ($89,744/yr), Louisville ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.5% over the past year.

FAQ

Frequently asked questions

Is Louisville an affordable city for renters?

Louisville is considered very affordable for renters. At $1,800/mo, rent takes approximately 24% of the local median household income ($89,744/yr). The standard benchmark is 30%. Louisville falls comfortably within that range.

How much income do you need to rent in Louisville?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,800/mo in Louisville. The local median household income is $89,744/yr, meaning the typical Louisville household meets that threshold.

Is rent going up or down in Louisville?

Rent in Louisville has increased 8.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Louisville rent compare to other cities in Tennessee?

Louisville is one of the pricier cities in Tennessee for rent, ranking #20 out of 65 tracked cities at $1,800/mo.

Which nearby cities are cheaper to rent in than Louisville?

Several nearby cities have lower median rents than Louisville ($1,800/mo): Alcoa ($1,732/mo), Lenoir City ($1,732/mo), Knoxville ($1,735/mo).

What percentage of Louisville residents rent vs. own?

According to Census data, approximately 6.1% of Louisville households are renters, while 93.9% are owner-occupied. Louisville leans toward homeownership, which can mean a smaller rental inventory.

How does Louisville rent compare to the national average?

Louisville's median rent of $1,800/mo is $165 (8%) below the US national median of $1,965/mo. Within Tennessee, it ranks #20 out of 65 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,800/mo, rent takes ~24% of Louisville's median household income ($89,744/yr). The standard benchmark is 30%.

Louisville 24%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Louisville, TN

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