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Louisville Airbnb prices skyrocket by 500% for Kentucky Derby weekend

The average cost of an Airbnb on Derby Day is $1,637, according to data from USBets.com.

LOUISVILLE, Ky. — The Kentucky Derby is becoming more expensive than ever. Gas prices in Louisville increased, a mint julep at Churchill Downs will cost you $22, and Airbnbs and hotels are skyrocketing in price.

According to data collected by USBets.com, the average cost of an Airbnb in Louisville on the day of the Kentucky Derby is 505.8% higher than the following weekend and 140.59% higher than the weekend before Derby.

Accommodations on Booking.com for Derby Day are estimated to be 300.63% higher than the following weekend and 379.8% higher than the weekend prior to the Kentucky Derby.

One the night of the race, a one-night stay at an Airbnb for two people is $1,637 on average, and accommodations booked on Booking.com cost an average of $1,070.

RELATED: 'It's a very high demand weekend': Prices for hotel rooms, Airbnbs at all time high for Derby week in Louisville

In comparison to last year's data, the prices on Booking.com are the same while the prices on Airbnb are 25.4% higher than last year.

The most expensive Airbnb option for Derby Day is an entire home four miles from Churchill Downs for $13,454. The cheapest option on Airbnb is an entire home 13 miles from Churchill Downs for $270.

The most expensive Booking option is an entire mansion 19 miles from Churchill Downs for $4,574, while the cheapest option is an entire home nine miles from Churchill Downs for $124.

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