The median asking rent across 16 Louisville zip codes is $1,143/month, down 3.4% 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)
-3.4%
Avg Days on Market
56
Active Rental Listings
1,283
Median List Price
$245,000
Average across 16 zip codes
ZIP | Median Rent |
|---|---|
| 40202 | $1,850/mo |
| 40207 | $1,700/mo |
| 40213 | $1,572/mo |
| 40272 | $1,465/mo |
| 40205 | $1,350/mo |
| 40204 | $1,200/mo |
| 40206 | $1,195/mo |
| 40220 | $1,150/mo |
| 40208 | $1,100/mo |
| 40211 | $1,100/mo |
| 40214 | $1,100/mo |
| 40216 | $1,025/mo |
| 40203 | $1,000/mo |
| 40219 | $995/mo |
| 40210 | $952/mo |
| 40212 | $949/mo |
Comps for any address in Louisville
Type the address, get the comps. No setup.
| Unit Size | Median Rent |
|---|---|
| Studio | $950/mo |
| 1 Bedroom | $873/mo |
| 2 Bedroom | $1,100/mo |
| 3 Bedroom | $1,595/mo |
| 4 Bedroom | $1,800/mo |
Aggregated median across all Louisville zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 40202 | $429,000 |
| 40207 | $425,000 |
| 40205 | $349,000 |
| 40204 | $339,000 |
| 40220 | $299,000 |
| 40206 | $289,000 |
| 40214 | $250,000 |
| 40219 | $250,000 |
| 40203 | $245,000 |
| 40272 | $239,900 |
| 40213 | $234,900 |
| 40216 | $225,000 |
| 40208 | $185,000 |
| 40209 | $159,000 |
| 40211 | $144,500 |
| 40212 | $130,000 |
| 40210 | $120,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,060/mo |
| 1 Bedroom | $1,140/mo |
| 2 Bedroom | $1,390/mo |
| 3 Bedroom | $1,780/mo |
| 4 Bedroom | $2,070/mo |
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.
The median asking rent across Louisville, KY sits at $1,143/month, pulled from active rental listings in 16 zip codes. That's down 3.4% from a year ago.
Rents aren't uniform across the city. ZIP 40202 tops the list at $1,850/month. ZIP 40212 comes in lowest at $949/month. That's a 95% 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 $1,100/month at the median. 1-bedrooms run about $873. 3-bedrooms come in around $1,595.
Listings take longer here. The average is 56 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 5.6% ($1,143/month against $245,000 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.
City-wide medians are the headline. The comps that actually price a property come from the block it's on. Search any Louisville address to see them.
20 zip codes
17 zip codes
22 zip codes
22 zip codes
17 zip codes
22 zip codes
What rental comps actually are, what makes one good or weak, and how to use them to price a rental without guessing.
What HUD's fair market rent actually means, how it ties into Section 8, and when it should change how you price a rental.
A step-by-step approach to pricing a rental so it fills fast and doesn't leave money on the table.