Homes & Apartments for Rent in 40207

1-9 of 9 rentals
Viewing 1-9 of 9 rentals in 40207
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

As of September 2026, Louisville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Louisville's average rent is 9.5% ($119) lower than the Kentucky average of $1,258 and 37.0% ($669) lower than the U.S. average of $1,808.

Average Rent
$1,139
Monthly ChangeMonth Over Month Change
Increased1% ($11)
Yearly ChangeYear Over Year Change
Decreased14.6% ($195)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $945 Decreased9.7% ($102) Decreased22.2% ($269)
2 Beds $1,116 Decreased10.1% ($126) Decreased20.9% ($294)
3 Beds $1,413 Decreased14.4% ($237) Decreased9.9% ($156)
Nearby Cities Average Rent Avg. Rent vs. LouisvilleAverage Rent vs. Louisville Avg. Days on MarketAverage Days on Market
Jeffersonville $1,139 No change 19 days
Clarksville $1,044 Decreased8.3% ($95) 32 days
New Albany $1,228 Increased7.8% ($89) 30 days
Prospect $2,231 Increased95.9% ($1092) 26 days
Mount Washington $1,192 Increased4.7% ($53) 31 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Louisville Rental Market FAQs

Explore rental prices, market trends, and availability in Louisville, KY.

The average rent in Louisville, KY is $1,139 per month.
Homes in Louisville typically rent for between $662 and $1,837 per month, with an average of $1,139 per month.
In Louisville, the average rent for a 1-bedroom home is $945 per month, for a 2-bedroom home, $1,116 per month, and a 3-bedroom home is $1,413 per month.
The average rent in Louisville is 37% ($669) lower than the national average of $1,808 per month.
The average rent in Louisville has increased by 1.0% ($11) in the last month and decreased by 14.6% ($195) over the past year.
The rental market in Louisville, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Louisville, KY, the average rental stays on the market for approximately 28 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 583 rental properties available in Louisville, KY.
Based on the current averages, a household would need an annual income of $44,640 to comfortably afford a 2-bedroom home in Louisville.
What's New on the Blog

Explore recent posts on our blog, curated for renters, landlords, and industry pros.

List Your Property for Rent

Are You a Rental Professional?

Advertise on RentalSource, Zillow, Realtor.com, Zumper and more to attract quality tenants faster and take your listings to the next level.