Cheap Apartments for Rent in 40204
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PET FRIENDLY$950 - $1,250/mo
Studio-1 Bed
1 BathBaringer Manor | 2100 Baringer Ave #a6f5ab8d1,
Louisville, KY 40204
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SPECIAL OFFERPET FRIENDLYTotal price$1,049 - $2,404/moStudio-2 Beds1-2 BathsHighland Station | 1172 E Broadway #134,
Louisville, KY 40204
$1,095 - $1,500/moStudio-2 Beds1-2 BathsElevate at NuLu Apartment Homes | 800 E Madison St #802C,
Louisville, KY 40204
SPECIAL OFFERPET FRIENDLY$1,099 - $1,530/moStudio-2 Beds1 BathThe Avenue in the Highlands | 1031 Everett Ave #1019-02,
Louisville, KY 40204
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PET FRIENDLY$1,175 - $1,300/mo1-2 Beds1-2 BathsGrinstead Manor Apartments | 2344 Grinstead Dr #591b73abf,
Louisville, KY 40204
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Average Rent Trends in 40204
Rent in 40204 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,195 |
| Jul 2025 | $1,350 |
| Aug 2025 | $1,399 |
| Sep 2025 | $1,449 |
| Oct 2025 | $1,338 |
| Nov 2025 | $1,349 |
| Dec 2025 | $1,350 |
| Jan 2026 | $1,450 |
| Feb 2026 | $1,350 |
| Mar 2026 | $1,350 |
| Apr 2026 | $1,315 |
| May 2026 | $1,315 |
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 | $1,115 | $1,500 | $2,000 | $2,200 | $1,341 |
| Townhomes | — | $1,900 | $2,000 | — | $2,000 |
| Apartments and Condos | $1,115 | $1,500 | $2,150 | $800 | $1,300 |
| Houses | $825 | $1,500 | $2,000 | $4,000 | $1,750 |
Frequently Asked Questions about Rentals in 40204
- What is the average rent of an apartment in 40204?The average rent of an apartment in 40204 is $1,223 per month. This is about 37% lower than the national average.
- What is the average rent of a house in 40204?The average rent of a house in 40204 is $1,750 per month. This is about 9% lower than the national average.
- What is the average rent of a townhome in 40204?The average rent of a townhome in 40204 is $2,000 per month. This is about 4% higher than the national average.
- When is the average rent cheapest in 40204?In the last year, the average rent in 40204 was lowest in Jun 2025 when it was $1,195 per month.
- When is the average rent most expensive in 40204?In the last year, the average rent in 40204 was highest in Sep 2025 when it was $1,449 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40204?The average rent of a 1 bedroom apartment in 40204 is $1,115 per month. That is about $15 more than the cost of a studio apartment.
- How many available rental listings are in 40204?There are 85 available rental listings in 40204.
- What are some cities near 40204?Some nearby cities include: Louisville, Clarksville, Jeffersonville, Utica, New Albany, River Bluff. These cities may have more rental options to explore.