Cheap Apartments for Rent in 40205
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Average Rent Trends in 40205
Rent in 40205 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Jun 2026 compared to the previous month. Rent previously peaked in Jan 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,495 |
| Aug 2025 | $1,500 |
| Sep 2025 | $1,409 |
| Oct 2025 | $1,350 |
| Nov 2025 | $1,300 |
| Dec 2025 | $1,275 |
| Jan 2026 | $1,350 |
| Feb 2026 | $1,500 |
| Mar 2026 | $1,400 |
| Apr 2026 | $1,350 |
| May 2026 | $1,500 |
| Jun 2026 | $1,370 |
Average Rent By Bedroom and Home Type
In June 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,100 | $1,250 | $3,100 | $2,300 | $1,350 |
| Apartments and Condos | $1,116 | $1,225 | $8,000 | — | $1,199 |
| Houses | — | $1,800 | $2,800 | $2,300 | $2,700 |
Frequently Asked Questions about Rentals in 40205
- What is the average rent of an apartment in 40205?The average rent of an apartment in 40205 is $1,135 per month. This is about 41% lower than the national average.
- What is the average rent of a house in 40205?The average rent of a house in 40205 is $2,700 per month. This is about 40% higher than the national average.
- When is the average rent cheapest in 40205?In the last year, the average rent in 40205 was lowest in Dec 2025 when it was $1,275 per month.
- When is the average rent most expensive in 40205?In the last year, the average rent in 40205 was highest in Jan 2025 when it was $1,550 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40205?The average rent of a 1 bedroom apartment in 40205 is $1,100 per month. That is about $600 less than the cost of a studio apartment.
- How many available rental listings are in 40205?There are 58 available rental listings in 40205.
- What are some cities near 40205?Some nearby cities include: Louisville, Jeffersonville, Utica, Clarksville, New Albany, Hunters Hollow. These cities may have more rental options to explore.