Cheap Apartments for Rent in 40207
55 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$972 - $2,011/mo
Studio-3 Beds
1-2 BathsMallard Crossing at St. Matthews | 400 Mallard Creek Rd #13A-0430,
Louisville, KY 40207
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SPECIAL OFFERPET FRIENDLY$1,149 - $1,909/mo1-3 Beds1-2 BathsVetra at St. Matthews | 902 Markham Ln #3731A-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 Apr 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| May 2025 | $1,920 |
| Jun 2025 | $2,584 |
| 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 |
Average Rent By Bedroom and Home Type
In May 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 | $995 | $1,250 | $2,450 | $2,950 | $1,850 |
| Townhomes | — | $1,850 | — | — | $1,850 |
| Apartments and Condos | $900 | $1,250 | $2,450 | — | $1,095 |
| Houses | — | $2,200 | $2,500 | $2,950 | $2,600 |
Frequently Asked Questions about Rentals in 40207
- What is the average rent in 40207?The average rent in 40207 is $1,850. Rent prices range from $895 to as much as $4,995, depending on the type of rental.
- How does the rent in 40207 compare to the national average?Average rent in 40207 is about 3% lower than the national average rent of $1,910. That means it is less expensive to rent in 40207 compared to the U.S. average.
- What is the average rent in 40207, by number of bedrooms?The average rent in 40207 is $965 for a studio, $995 for a 1 bedroom, $1,250 for a 2 bedroom, $2,450 for a 3 bedroom, and $2,950 for a 4 bedroom.
- How have rent prices in 40207 changed compared to last year?In the past year, the average rent price in 40207 has decreased by $250. That means the average rent is 14% lower than last year.
- How many available rental listings are in 40207?There are 53 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.