Cheap Apartments for Rent in 40206
90 rentals
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SPECIAL OFFERPET FRIENDLY$1,031 - $1,533/mo
1-2 Beds
1-2 BathsRiver Oak Apartments | 2400 Mellwood Ave #925,
Louisville, KY 40206
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Average Rent Trends in 40206
Rent in 40206 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 Sep 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,388 |
| Aug 2025 | $1,375 |
| Sep 2025 | $1,400 |
| Oct 2025 | $1,300 |
| Nov 2025 | $1,300 |
| Dec 2025 | $1,376 |
| Jan 2026 | $1,249 |
| Feb 2026 | $1,200 |
| Mar 2026 | $1,195 |
| Apr 2026 | $1,250 |
| May 2026 | $1,200 |
| Jun 2026 | $1,175 |
Average Rent By Bedroom and Home Type
In July 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,000 | $1,275 | $1,980 | $2,400 | $1,200 |
| Townhomes | — | $1,650 | — | — | $1,650 |
| Apartments and Condos | $1,000 | $1,400 | $3,500 | $6,549 | $1,199 |
| Houses | $1,335 | $1,100 | $1,980 | $2,400 | $1,980 |
Frequently Asked Questions about Rentals in 40206
- What is the average rent of an apartment in 40206?The average rent of an apartment in 40206 is $1,057 per month. This is about 46% lower than the national average.
- When is the average rent cheapest in 40206?In the last year, the average rent in 40206 was lowest in Mar 2025 when it was $1,100 per month.
- When is the average rent most expensive in 40206?In the last year, the average rent in 40206 was highest in Sep 2025 when it was $1,400 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40206?The average rent of a 1 bedroom apartment in 40206 is $1,000 per month. That is about $49 less than the cost of a studio apartment.
- How many available rental listings are in 40206?There are 91 available rental listings in 40206.
- What are some cities near 40206?Some nearby cities include: Jeffersonville, Clarksville, Utica, Louisville, New Albany, River Bluff. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 40206 - 185 Rentas | Trulia