516 Colorado Ave – photo 1
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516 Colorado Ave

📍 516 Colorado Avenue, Louisville, KY 40208

Monthly Rent

$550 – $3,500

Bedrooms

3 bd

Bathrooms

2 ba

Sq Feet

2000 sq ft

Updated 11 days ago

📋 Property Overview

This home in Algonquin, Louisville, Kentucky comes with 3 bd, 2 ba. Interior space is 2000 sq ft. Rents run from $550 to $3,500 a month. Inside, the home includes air conditioning, patio / balcony, range and hardwood floors. Shared amenities include parking, on-site laundry, garage and pet friendly. Pets are allowed. Residents have access to street parking. The Walk Score here is 62, meaning some errands can be done on foot. Rent sits 59% below the area median ($1,350).

🚶 Getting Around

  • Walk Score62/100

    Somewhat Walkable

3 bedroom · typical rent nearby$1,771

Market trend: Falling · as of August 2026

💵 Costs & Lease

Deposit
$1,875

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

  • 3 Bed, 2.0 Bath3 bd · 2 ba · 2,000 sq ftNone available right now
  • 3BR/2BA3 bd · 2 baNone available right now

🧾 Move-in Costs & Lease

Security deposit
$1,875
Application fee
$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Estimated range for Kentucky at $20,000 – $24,999 of personal property

$13–$16/ monthEstimate — not a quote

About $163–$187 a year.

Based on what Kentucky renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 277,122 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

Compare what companies charge and get a real quote

🏠 Inside the Home

  • In unit laundry
  • Patio / balcony
  • Hardwood floors
  • Dishwasher
  • Recently renovated
  • Air conditioning
  • Microwave
  • Range
  • Refrigerator

🏢 In the Building

  • Garage
  • Pet friendly
  • Parking
  • On-site laundry

✅ Who Qualifies

Must have 3x the rent in total household income (before taxes)

🐾 Pets

Pets
Allowed

✨ Features & Details

  • Pet Friendly
  • In unit laundry
  • Patio / balcony
  • Hardwood floors
  • Dishwasher
  • Garage
  • Air conditioning
  • Microwave
  • Range
  • Refrigerator
  • Recently renovated
  • On-site laundry
  • Parking
  • 3 bd
  • 2 ba
  • 2000 sq ft
  • 0 sq ft

📊 Property Facts

Walk Score
62 · Somewhat Walkable

🚗 Parking

  • Street parking

🏡 Floor Plans

  • 3 Bed, 2.0 Bath

    Contact for pricing

  • 3BR/2BA

    Contact for pricing

❓ Frequently Asked Questions

$550 – $3,500

per month

Contact for availability
3 bd
2 ba
2000 sq ft

Use the buttons at the bottom of the screen to schedule a tour or apply online. Applications are reviewed within 1–3 business days.

💬 Questions about this property?

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