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Homes & Apartments for Rent in Louisville, KY 40207

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What to Know About

Living in 40207

Louisville, known as "Derby City," is the true embodiment of southern charm, rich history, and cultural vibrancy. Experience the perfect blend of urban living and the city's natural beauty. First, discover Louisville's past by visiting world-famous museums such as the Kentucky Derby Museum, Muhammad Ali Center, Louisville Slugger Museum, which features a collection of more than 6,000 baseball bats, and the Speed Art Museum. Then, explore Louisville's scenic parks and recreational areas for a peaceful escape, including the Louisville Waterfront Park and Jefferson Memorial Forest.

Take advantage of the thrill of the Kentucky Derby, the Thunder Over Louisville Fireworks, or the Kentucky Bourbon Festival. Sports enthusiasts can root for their favorite teams, such as the Louisville Bats (MiLB) and Louisville City FC (USL). Louisville is famous for hosting events celebrating its unique cultural heritage and offering something for everyone. You can indulge in breweries, confectionaries, and music festivals throughout the year.

Louisville boasts a high-quality standard of living and thriving energy, making it a perfect destination for those seeking an active lifestyle and a great place to call home.

Rental Market Trends

Louisville, KY

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As of November 2026, Louisville's rental market is balanced, with rentals spending about 36 days on the market, slower than in Kentucky (30), and rents down 2.8% over the past year. Louisville's average rent is 4.1% ($55) lower than the Kentucky average of $1,337 and 37.0% ($754) lower than the U.S. average of $2,036.

Average Rent
$1,282
Monthly ChangeMonth Over Month Change
Increased0.01%
Yearly ChangeYear Over Year Change
Decreased2.8% ($37)
Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $974 Decreased0.13% ($1) Decreased4.8% ($49)
2 Beds $1,218 Increased0.16% ($2) Decreased2.2% ($27)
3 Beds $1,572 Decreased0.15% ($2) Decreased0.6% ($9)
Nearby Cities Average Rent Avg. Rent vs. LouisvilleAverage Rent vs. Louisville Days on Market
Jeffersonville $1,262 Decreased1.6% ($20) 32 days
Clarksville $1,041 Decreased18.8% ($241) 34 days
New Albany $1,247 Decreased2.7% ($35) 32 days
Fairdale $1,100 Decreased14.2% ($182) 33 days
Sellersburg $1,516 Increased18.3% ($234) 33 days
Based on rentals advertised on RentalSource in and around Louisville.
Frequently Asked Questions
Louisville Rental Market FAQs

Explore rental prices, market conditions, and affordability in Louisville, KY.

The average rent in Louisville, KY is $1,282 per month.
In Louisville, the average rent is $974 per month for a 1-bedroom home, $1,218 for a 2-bedroom home and $1,572 for a 3-bedroom home.
The average rent in Louisville is 37% ($754) lower than the national average of $2,036 per month.
The rental market in Louisville, KY is currently balanced, with rentals spending about 36 days on the market, slower than in Kentucky (30), and rents down 2.8% over the past year.
Based on the current averages, a household would need an annual income of $48,700 to comfortably afford a 2-bedroom home in Louisville.
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