Cheap Apartments for Rent in 40031

22 rentals

Apartments For Rent Near 40031

We found 30 more apartments matching your filters just outside 40031

Average Rent Trends in 40031

Rent in 40031 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Sep 2026 compared to the previous month. Rent previously peaked in Nov 2025.
MonthAverage rent
Oct 2025$1,650
Nov 2025$1,740
Dec 2025$1,716
Jan 2026$1,623
Feb 2026$2,299
Mar 2026$1,704
Apr 2026$1,975
May 2026$2,400
Jun 2026$1,500
Jul 2026$1,795
Aug 2026$1,817
Sep 2026$1,875
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$1,200$1,750$2,600$1,795
Apartments and Condos—$1,250——$1,250
Houses—$1,758$1,795$2,600$2,200

Frequently Asked Questions about Rentals in 40031

  • What is the average rent of an apartment in 40031?
    The average rent of an apartment in 40031 is $1,227 per month. This is about 37% lower than the national average.
  • What are the cheapest months to find an apartment to rent in 40031?
    Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $1,175 per month.
  • How many cheap apartments are available in 40031?
    There are 11 apartments to rent that are cheaper than the city’s average rent of $1,795.
  • When is the average rent most expensive in 40031?
    In the last year, the average rent in 40031 was highest in Nov 2025 when it was $1,740 per month.
  • What are some cities near 40031?
    Some nearby cities include: La Grange, Buckner, Westport, Crestwood, Pendleton, Smithfield. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 40031 - 108 Rentas | Trulia