Cheap Apartments for Rent in 40216
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Average Rent Trends in 40216
Rent in 40216 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Oct 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $997 |
| Dec 2025 | $950 |
| Jan 2026 | $925 |
| Feb 2026 | $950 |
| Mar 2026 | $1,005 |
| Apr 2026 | $925 |
| May 2026 | $925 |
| Jun 2026 | $1,005 |
| Jul 2026 | $1,042 |
| Aug 2026 | $1,094 |
| Sep 2026 | $1,100 |
| Oct 2026 | $1,094 |
Average Rent By Bedroom and Home Type
In November 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 | $849 | $1,100 | $1,500 | $1,675 | $1,150 |
| Apartments and Condos | $849 | $999 | $1,224 | $1,550 | $925 |
| Houses | $850 | $1,300 | $1,500 | $1,675 | $1,500 |
Frequently Asked Questions about Rentals in 40216
- What is the average rent of an apartment in 40216?The average rent of an apartment in 40216 is $934 per month. This is about 52% lower than the national average.
- What are the cheapest months to find an apartment to rent in 40216?Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $950 per month.
- How many cheap apartments are available in 40216?There are 53 apartments to rent that are cheaper than the city’s average rent of $1,150.
- When is the average rent most expensive in 40216?In the last year, the average rent in 40216 was highest in Sep 2025 when it was $1,229 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40216?The average rent of a 1 bedroom apartment in 40216 is $849 per month. That is about $299 more than the cost of a studio apartment.
- What are some cities near 40216?Some nearby cities include: Lanesville, New Albany, Elizabeth, Clarksville, Louisville, Brooks. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 40216 - 169 Rentas | Trulia