Cheap Apartments for Rent in 40207
46 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$991 - $1,911/mo
Studio-3 Beds
1-2 BathsMallard Crossing at St. Matthews | 400 Mallard Creek Rd #11B-1011,
Louisville, KY 40207
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SPECIAL OFFERPET FRIENDLY$1,179 - $1,789/mo1-3 Beds1-2 BathsVetra at St. Matthews | 902 Markham Ln #3735D-B,
Louisville, KY 40207
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Average Rent Trends in 40207
Rent in 40207 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Jun 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $2,100 |
| Aug 2025 | $2,200 |
| Sep 2025 | $2,275 |
| Oct 2025 | $1,999 |
| Nov 2025 | $1,695 |
| Dec 2025 | $1,800 |
| Jan 2026 | $1,800 |
| Feb 2026 | $1,975 |
| Mar 2026 | $1,799 |
| Apr 2026 | $1,850 |
| May 2026 | $1,799 |
| Jun 2026 | $2,000 |
Average Rent By Bedroom and Home Type
In June 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 | $1,495 | $2,356 | $3,100 | $1,750 |
| Townhomes | — | $1,750 | — | — | $1,200 |
| Apartments and Condos | $985 | $1,495 | — | — | $1,075 |
| Houses | — | $2,300 | $2,495 | $3,100 | $2,600 |
Frequently Asked Questions about Rentals in 40207
- What is the average rent of an apartment in 40207?The average rent of an apartment in 40207 is $1,098 per month. This is about 44% lower than the national average.
- What is the average rent of a house in 40207?The average rent of a house in 40207 is $2,600 per month. This is about 33% higher than the national average.
- What is the average rent of a townhome in 40207?The average rent of a townhome in 40207 is $1,200 per month. This is about 38% lower than the national average.
- When is the average rent cheapest in 40207?In the last year, the average rent in 40207 was lowest in Nov 2025 when it was $1,695 per month.
- When is the average rent most expensive in 40207?In the last year, the average rent in 40207 was highest in Jun 2025 when it was $2,584 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40207?The average rent of a 1 bedroom apartment in 40207 is $1,000 per month. That is about $107 less than the cost of a studio apartment.
- How many available rental listings are in 40207?There are 54 available rental listings in 40207.
- What are some cities near 40207?Some nearby cities include: Utica, Jeffersonville, Louisville, Clarksville, Prospect, River Bluff. These cities may have more rental options to explore.