Cheap Apartments for Rent in 40203
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SPECIAL OFFERPET FRIENDLY$861 - $1,535/mo
1-3 Beds
1-2 BathsBeecher Terrace Apartments | 980 W Liberty St #26-5-104,
Louisville, KY 40203
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Average Rent Trends in 40203
Rent in 40203 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,000 |
| Jul 2025 | $1,077 |
| Aug 2025 | $1,000 |
| Sep 2025 | $1,050 |
| Oct 2025 | $1,100 |
| Nov 2025 | $1,095 |
| Dec 2025 | $1,000 |
| Jan 2026 | $1,000 |
| Feb 2026 | $1,000 |
| Mar 2026 | $1,000 |
| Apr 2026 | $1,000 |
| May 2026 | $1,081 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $838 | $1,156 | $1,350 | $1,550 | $1,081 |
| Townhomes | — | — | $2,000 | — | $2,000 |
| Apartments and Condos | $800 | $1,195 | $1,600 | $1,800 | $1,000 |
| Houses | — | $1,200 | $1,350 | $1,550 | $1,400 |
Frequently Asked Questions about Rentals in 40203
- What is the average rent of an apartment in 40203?The average rent of an apartment in 40203 is $953 per month. This is about 51% lower than the national average.
- What is the average rent of a house in 40203?The average rent of a house in 40203 is $1,400 per month. This is about 27% lower than the national average.
- What is the average rent of a townhome in 40203?The average rent of a townhome in 40203 is $2,000 per month. This is about 4% higher than the national average.
- When is the average rent cheapest in 40203?In the last year, the average rent in 40203 was lowest in Jun 2025 when it was $1,000 per month.
- When is the average rent most expensive in 40203?In the last year, the average rent in 40203 was highest in Feb 2025 when it was $1,100 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40203?The average rent of a 1 bedroom apartment in 40203 is $838 per month. That is about $43 more than the cost of a studio apartment.
- How many available rental listings are in 40203?There are 120 available rental listings in 40203.
- What are some cities near 40203?Some nearby cities include: Clarksville, New Albany, Jeffersonville, Louisville, Utica, Floyds Knobs. These cities may have more rental options to explore.