Cheap Apartments for Rent in 40218
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1-3 Beds
1-2 BathsBardstown Forest Apartments | 2041 Shady Grove Way,
Louisville, KY 40218
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Average Rent Trends in 40218
Rent in 40218 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Sep 2026 compared to the previous month. Rent previously peaked in Jan 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,233 |
| Nov 2025 | $1,250 |
| Dec 2025 | $1,229 |
| Jan 2026 | $1,250 |
| Feb 2026 | $1,250 |
| Mar 2026 | $1,200 |
| Apr 2026 | $1,100 |
| May 2026 | $1,188 |
| Jun 2026 | $1,200 |
| Jul 2026 | $1,200 |
| Aug 2026 | $1,162 |
| Sep 2026 | $1,200 |
Average Rent By Bedroom and Home Type
In October 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $933 | $1,125 | $1,485 | $1,850 | $1,200 |
| Townhomes | — | $1,000 | — | — | $1,000 |
| Apartments and Condos | $950 | $1,125 | $1,375 | — | $1,100 |
| Houses | $750 | $1,333 | $1,600 | $1,850 | $1,665 |
Frequently Asked Questions about Rentals in 40218
- What is the average rent of an apartment in 40218?The average rent of an apartment in 40218 is $1,019 per month. This is about 48% lower than the national average.
- What are the cheapest months to find an apartment to rent in 40218?Last year, the cheapest month to find an apartment to rent was Feb 2025 when it was $1,200 per month.
- How many cheap apartments are available in 40218?There are 52 apartments to rent that are cheaper than the city’s average rent of $1,200.
- When is the average rent most expensive in 40218?In the last year, the average rent in 40218 was highest in Jan 2025 when it was $1,304 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40218?The average rent of a 1 bedroom apartment in 40218 is $933 per month. That is about $284 more than the cost of a studio apartment.
- What are some cities near 40218?Some nearby cities include: Louisville, Hunters Hollow, Pioneer Village, Hillview, Hebron Estates, Utica. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 40218 - 197 Rentas | Trulia