States › Ohio › Louisville

Is Louisville, OH expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,00643% lower than U.S. average
💵 Families earn per year (2026)$69,428about $5,786/month · 20% lower than U.S. average
🔑 House price$193,10042% lower than U.S. average

Rent is lower than in 87% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $40,240 a year. That is $19 an hour at a full-time job.

Is rent cheaper than other Ohio cities?

Yes. Rent here is cheaper than in most of Ohio. It is number 56 of 288 cities from cheapest to most expensive.

Louisville
$1,006
North College Hill
$1,177
Girard
$1,511
Beckett Ridge
$1,888
Madeira
$1,965
Oakwood
$1,566
East Liverpool
$1,180

How much do households earn in Louisville?

Under $25k
13.5%
$25k–50k
29.5%
$50k–100k
32.3%
$100k–150k
14.1%
$150k+
7.5%

Share of households by yearly income. 21.6% of households earn $100,000 or more.

Rent by apartment size in Louisville

SizeLouisvilleU.S. average
1 bedroom$686$1,324
2 bedrooms$1,027$1,509
3 bedrooms$1,400$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Louisville overall?

Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).

Housing
73
Goods (food, clothes…)
94
Utilities
96
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Louisville, so the Ohio figure is shown.

Taxes and bills in Louisville

🏛️ Property tax$2,312a year · 1.20% of home value · U.S. $3,119
⚡ Electric bill$122a month (typical) · U.S. $156

Life in Louisville

Commute to work21 minU.S.: 26.4 min
College degree22.4%U.S.: 35.7%
Own their home65.8%U.S.: 65.2%
Below poverty line7.8%U.S.: 12.5%
Unemployment2.4%U.S.: 5.2%

Is it cheaper to rent or buy in Louisville?

Renting is cheaper right now: about $334 a month less.

Renting
$1,006
Owning
$1,340

Owning assumes a typical $193,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,310 for the down payment.

Frequently asked questions

What is the average rent in Louisville, OH?

Renting in Louisville costs a median of about $1,006 a month in 2026, including utilities. The Ohio median is $1,261.

How much do I need to make to live in Louisville?

To keep rent under 30% of income, you need about $40,240 a year, or $19 an hour at a full-time job.

Is Louisville cheap or expensive?

Louisville is rated Cheap: rent takes 17.4% of the typical household income of $69,428. It ranks 56th cheapest of 288 Ohio cities we track.

How much are property taxes in Louisville?

The median homeowner in Louisville pays $2,312 a year in property taxes, about 1.20% of the median home value.

Is Louisville more expensive than the national average?

Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Louisville?

The median home value in Louisville is $193,100, about 2.8 times the typical yearly household income.

9,602 people live in Louisville. Numbers are typical (middle) values.