16 zip codes·Updated September 2026

Louisville rents and rental comps

The median asking rent across 16 Louisville zip codes is $1,143/month, down 2.4% from a year ago.

Healthcare employment, bourbon tourism, affordable entry, and a Derby that makes more money in two minutes than most festivals make in a year. Steady mid-market city that delivers solid rental returns without the headlines.

Median Asking Rent

$1,143

Rent Change (YoY)

-2.4%

Avg Days on Market

Active Rental Listings

1,323

Median List Price

$250,000

Median Asking Rent Over Time

Average across 16 zip codes

12 months-4.6%

Median Asking Rent by ZIP Code

Rental Listings by ZIP Code

ZIP	Median Rent	YoY Growth	$/Sqft	Avg DOM	Listings
40207	$1,850/mo	-7.5%	$1.38	45	52
40205	$1,500/mo	0.0%	$1.44	39	51
40272	$1,500/mo	+3.8%	$1.28	67	67
40213	$1,395/mo	0.0%	$1.48	54	20
40202	$1,365/mo	-2.4%	$1.81	59	17
40204	$1,250/mo	0.0%	$1.53	47	96
40206	$1,200/mo	-12.7%	$1.37	47	85
40220	$1,150/mo	-32.4%	$1.21	38	70
40208	$1,100/mo	+12.8%	$1.32	61	134
40216	$1,094/mo	+9.4%	$1.25	28	113
40210	$1,015/mo	+2.0%	$1.07	63	65
40211	$1,000/mo	-4.3%	$1.02	65	124
40214	$1,000/mo	-0.9%	$1.18	42	112
40203	$995/mo	+4.7%	$1.22	70	127
40219	$995/mo	0.0%	$1.37	50	72
40212	$971/mo	-11.3%	$1.04	41	118

Comps for any address in Louisville

Type the address, get the comps. No setup.

Median Asking Rent by Bedroom

Unit Size	Median Rent	$/Sqft
Studio	$900/mo	$2.09/sqft
1 Bedroom	$875/mo	$1.32/sqft
2 Bedroom	$1,150/mo	$1.26/sqft
3 Bedroom	$1,550/mo	$1.28/sqft
4 Bedroom	$1,835/mo	$1.01/sqft

Aggregated median across all Louisville zip codes with available data.

For-Sale Listings by ZIP Code

ZIP	Median List Price	YoY Change	$/Sqft
40207	$439,900	-2.2%	$205.37
40202	$429,900	-9.5%	$293.16
40205	$350,000	-17.6%	$203.50
40204	$345,000	+9.5%	$211.54
40220	$304,000	+4.8%	$165.31
40206	$287,500	-5.7%	$201.61
40203	$259,900	+6.1%	$139.16
40214	$259,000	+3.8%	$153.16
40219	$250,000	0.0%	$166.16
40272	$244,900	+4.2%	$159.80
40216	$220,000	-2.2%	$151.13
40213	$218,900	-6.9%	$185.41
40208	$199,900	+5.3%	$142.54
40209	$161,996	+8.1%	$108.11
40212	$121,000	+3.4%	$91.50
40210	$119,000	+13.3%	$94.78
40211	$117,000	-9.9%	$91.91

HUD Fair Market Rents

Unit Size	Fair Market Rent	Median Asking Rent	Difference
Studio	$1,060/mo	$900/mo	-15%
1 Bedroom	$1,140/mo	$875/mo	-23%
2 Bedroom	$1,390/mo	$1,150/mo	-17%
3 Bedroom	$1,780/mo	$1,550/mo	-13%
4 Bedroom	$2,070/mo	$1,835/mo	-11%

HUD publishes Fair Market Rents once a year for the Louisville metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.

Jefferson County FMR page Section 8 vs market rent

About the Louisville rental market

The median asking rent across Louisville, KY sits at $1,143/month, pulled from active rental listings in 16 zip codes. That's down 2.4% from a year ago.

Rents aren't uniform across the city. ZIP 40207 tops the list at $1,850/month. ZIP 40212 comes in lowest at $971/month. That's a 91% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,150/month at the median. 1-bedrooms run about $875. 3-bedrooms come in around $1,550.

Listings take longer here. The average is 51 days on market, which gives renters more room to negotiate and means landlords should price carefully.

Rent-to-price math is tight in Louisville. The gross figure sits at about 5.5% ($1,143/month against $250,000 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Louisville metro is $1,390/month. Asking rents come in about 18% below the federal benchmark, which can make Section 8 properties competitive here.

Louisville is a stable, mid-sized rental market that doesn't get the attention it deserves. Humana is headquartered here. UofL Health is a major employer. The bourbon industry and its tourism have brought investment and jobs. The Highlands, Germantown, and NuLu have seen real gentrification and get premium rents. South Louisville and the West End offer cheaper entry points. Kentucky is landlord-friendly. No explosive Sun Belt growth here, but no Sun Belt volatility either. Solid pick for investors who want stable cash flow with straightforward fundamentals.

These numbers are city-wide averages. If you're pricing a specific property in Louisville, pull comps from the same zip code. The spread is usually bigger than people expect.