Cheap Apartments for Rent in 40118

12 rentals

Apartments For Rent Near 40118

We found 30 more apartments matching your filters just outside 40118

Average Rent Trends in 40118

Rent in 40118 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Nov 2026 compared to the previous month. Rent previously peaked in Apr 2025.
MonthAverage rent
Dec 2025$1,550
Jan 2026$1,289
Feb 2026$1,289
Mar 2026$1,289
Apr 2026$1,114
May 2026$1,471
Jun 2026$1,114
Jul 2026$1,469
Aug 2026$1,419
Sep 2026$1,349
Oct 2026$1,450
Nov 2026$1,395
View as a graph

Average Rent By Bedroom and Home Type

In November 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,014$1,119$1,430$1,925$1,395
Apartments and Condos—$900——$900
Houses——$1,430$1,925$1,430

Frequently Asked Questions about Cheap Apartments for rent in 40118

  • How many cheap apartments are for rent in 40118?
    Trulia currently lists 34 cheap apartments for rent in 40118.
  • How much do cheap apartments in 40118 rent for?
    Rents for cheap apartments in 40118 range from $900 to $1,950 a month. Each listing shows its exact rent and any fees.
  • How does Trulia decide which rentals are cheap?
    This page shows rentals in the lowest price tier for apartments in 40118, sorted from the lowest rent up.
  • How can I find the cheapest apartments to rent in 40118?
    This page sorts apartments in 40118 from lowest rent up, starting at $900 a month. Filtering by fewer bedrooms or utilities included lowers costs further.
  • What trade-offs come with the cheapest rentals?
    Lower rents often mean smaller units, older buildings, fewer amenities or a longer commute. Check what utilities are included to compare true cost.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 40118 - 142 Rentas | Trulia