$899 Per Month
- 1 Bed
- 1 Bath
- 750 Sq Ft
- Condo for Rent
4710 Walnut Grove Ave Unit 1, Louisville, KY 40216
Frequently Asked Questions
How much does it cost to rent a condo in Shively, KY?
The median rent for a condo in Shively, KY is $1,200 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Shively, KY?
To comfortably afford the median rent in Shively, KY, a household needs to earn roughly $48,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,200 per month in Shively, KY, renters typically need to show $3,600 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Shively, KY?
In Shively, KY, the price-to-rent ratio is 17.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Shively, KY are best for renting a condo?
The best neighborhood for renting in Shively, KY depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Pleasure Ridge Park, Wilder Park, Churchill Downs, Park Hill and Parkwood, each with its own character and price range.
