Cheap Apartments for Rent in 40118

11 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 Sep 2026 compared to the previous month. Rent previously peaked in Apr 2025.
MonthAverage rent
Oct 2025$1,700
Nov 2025$1,495
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
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$1,031$1,075$1,500$2,025$1,395
Apartments and Condos—$900——$900
Houses—$1,075$1,500$2,025$1,500

Frequently Asked Questions about Rentals in 40118

  • What is the average rent of an apartment in 40118?
    The average rent of an apartment in 40118 is $1,023 per month. This is about 47% lower than the national average.
  • What are the cheapest months to find an apartment to rent in 40118?
    Last year, the cheapest month to find an apartment to rent was Aug 2025 when it was $1,206 per month.
  • How many cheap apartments are available in 40118?
    There are 6 apartments to rent that are cheaper than the city’s average rent of $1,395.
  • When is the average rent most expensive in 40118?
    In the last year, the average rent in 40118 was highest in Apr 2025 when it was $2,040 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 40118?
    The average rent of a 1 bedroom apartment in 40118 is $1,031 per month. That is about $318 less than the cost of a studio apartment.
  • What are some cities near 40118?
    Some nearby cities include: Brooks, Hunters Hollow, Pioneer Village, Hillview, Fox Chase, Hebron Estates. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 40118 - 132 Rentas | Trulia