Cheap Apartments for Rent in 40208
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Average Rent Trends in 40208
Rent in 40208 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,100 |
| Jul 2025 | $1,195 |
| Aug 2025 | $1,195 |
| Sep 2025 | $1,100 |
| Oct 2025 | $1,100 |
| Nov 2025 | $1,049 |
| Dec 2025 | $1,050 |
| Jan 2026 | $1,000 |
| Feb 2026 | $1,000 |
| Mar 2026 | $1,050 |
| Apr 2026 | $1,100 |
| May 2026 | $1,150 |
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 | $895 | $1,150 | $1,450 | $1,650 | $1,100 |
| Townhomes | — | — | $1,500 | — | $1,500 |
| Apartments and Condos | $895 | $1,150 | $1,450 | $1,600 | $1,045 |
| Houses | $950 | $1,100 | $1,350 | $1,650 | $1,325 |
Frequently Asked Questions about Rentals in 40208
- What is the average rent of an apartment in 40208?The average rent of an apartment in 40208 is $1,006 per month. This is about 48% lower than the national average.
- What is the average rent of a house in 40208?The average rent of a house in 40208 is $1,325 per month. This is about 31% lower than the national average.
- What is the average rent of a townhome in 40208?The average rent of a townhome in 40208 is $1,450 per month. This is about 25% lower than the national average.
- When is the average rent cheapest in 40208?In the last year, the average rent in 40208 was lowest in Feb 2025 when it was $1,025 per month.
- When is the average rent most expensive in 40208?In the last year, the average rent in 40208 was highest in Jul 2025 when it was $1,195 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40208?The average rent of a 1 bedroom apartment in 40208 is $895 per month. That is about $170 more than the cost of a studio apartment.
- How many available rental listings are in 40208?There are 130 available rental listings in 40208.
- What are some cities near 40208?Some nearby cities include: Louisville, New Albany, Clarksville, Jeffersonville, Utica, Hunters Hollow. These cities may have more rental options to explore.