Cheap Apartments for Rent in 40216
97 rentals
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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 increased in Jul 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $1,052 |
| Sep 2025 | $1,229 |
| Oct 2025 | $1,009 |
| 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 |
Average Rent By Bedroom and Home Type
In August 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 | $925 | $950 | $1,495 | $1,700 | $1,094 |
| Apartments and Condos | $950 | $899 | $895 | — | $925 |
| Houses | $900 | $1,271 | $1,558 | $1,700 | $1,550 |
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 $886 per month. This is about 55% lower than the national average.
- When is the average rent cheapest in 40216?In the last year, the average rent in 40216 was lowest in Dec 2025 when it was $950 per month.
- 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 $925 per month. That is about $375 more than the cost of a studio apartment.
- How many available rental listings are in 40216?There are 96 available rental listings in 40216.
- 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 - 177 Rentas | Trulia