Median rents, rental comps, and market trends across 11 zip codes in Louisville, KY.
Healthcare employment, bourbon tourism, affordable entry points, and a Derby that brings in more money in two minutes than most festivals make all year. Steady mid-market city that quietly delivers solid rental returns.
Median Asking Rent
$1,158
Rent Change (YoY)
-7.9%
Avg Days on Market
62
Active Rental Listings
801
Median List Price
$215,000
Average across 11 zip codes
ZIP | Median Rent |
|---|---|
| 40207 | $1,500/mo |
| 40202 | $1,459/mo |
| 40213 | $1,400/mo |
| 40204 | $1,375/mo |
| 40205 | $1,350/mo |
| 40206 | $1,300/mo |
| 40211 | $1,100/mo |
| 40203 | $1,000/mo |
| 40208 | $1,000/mo |
| 40210 | $1,000/mo |
| 40212 | $995/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $979/mo |
| 1 Bedroom | $895/mo |
| 2 Bedroom | $1,250/mo |
| 3 Bedroom | $1,423/mo |
| 4 Bedroom | $1,595/mo |
Aggregated median across all Louisville zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 40207 | $450,000 |
| 40202 | $447,000 |
| 40205 | $374,900 |
| 40204 | $299,900 |
| 40206 | $274,900 |
| 40213 | $225,000 |
| 40208 | $205,000 |
| 40203 | $200,000 |
| 40212 | $134,900 |
| 40211 | $129,900 |
| 40210 | $125,000 |
| 40209 | $99,000 |
| 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 |
Fair Market Rents are published annually by HUD for the Louisville metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Louisville, KY is currently $1,158/month, based on active rental listings across 11 zip codes. Median asking rents have decreased by -7.9% over the past 12 months.
Asking rents vary significantly across the city. ZIP 40207 has the highest median asking rent at $1,500/month, while ZIP 40212 comes in at $995/month.
Rental listings in the area spend an average of 62 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Louisville metro area is $1,390/month. Current median asking rents are near or below the FMR for this area.
Louisville is a stable, mid-sized rental market that doesn't get as much attention as it deserves. Humana is headquartered here, and UofL Health is a major employer. The bourbon industry and its associated tourism has brought investment and jobs to the region. The Highlands, Germantown, and NuLu are premium neighborhoods that have seen real gentrification. South Louisville and the West End offer more affordable entry points. Kentucky is generally landlord-friendly. The market doesn't have the explosive growth of Sun Belt cities, but it also doesn't have the volatility. For investors looking for stable cash flow in a market where the fundamentals are straightforward, Louisville checks a lot of boxes.
Want to look up rental comps and rent estimates for a specific property in Louisville? PropMetrics lets you search any address and get detailed rental data instantly.
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What rental comps are, what makes a good one, and how to use them to price your rental property accurately.
Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
A step-by-step guide to pricing your rental so it rents quickly without leaving money on the table.