Cheap Apartments for Rent in 40220
58 rentals
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PET FRIENDLY$920 - $1,235/mo
1-2 Beds
1-2 BathsMadrid Apartments | 3005 Mid Dale Ln #11141468,
Louisville, KY 40220
PET FRIENDLY$950 - $1,185/mo1-2 Beds1-2 BathsMadrid Apartments | 3245 Orchard Manor Cir #24,
Louisville, KY 40220
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SPECIAL OFFERPET FRIENDLY
NEW - 1 DAY AGO
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NEW - 2 DAYS AGOSPECIAL OFFERPET FRIENDLY$999 - $1,720/mo1-3 Beds1-2 BathsEnclave at Breckenridge | 7204 Churchill Park Dr #286PC,
Louisville, KY 40220
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PET FRIENDLYTotal price$1,020 - $1,630/mo1-3 Beds1-3 BathsFour Seasons | 8010 Summerfield Cir #1B-1Ba-700Sqft,
Louisville, KY 40220
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SPECIAL OFFERPET FRIENDLY$1,130 - $1,715/mo1-3 Beds1-2 BathsPark Laureate Apartment Homes | 2050 Stony Brook Dr #8800-210,
Louisville, KY 40220
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SPECIAL OFFERPET FRIENDLY$1,179 - $1,849/mo1-3 Beds1-3 BathsReNew Breckenridge | 203 Breckinridge Sq #223,
Louisville, KY 40220
NEW - 2 DAYS AGOPET FRIENDLY$1,199 - $1,599/mo1-2 Beds1-2 BathsThe Taylor at 502 | 2204 Deercross Dr #8904-106,
Louisville, KY 40220
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Average Rent Trends in 40220
Rent in 40220 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,378 |
| Jul 2025 | $1,595 |
| Aug 2025 | $1,650 |
| Sep 2025 | $1,750 |
| Oct 2025 | $1,450 |
| Nov 2025 | $1,522 |
| Dec 2025 | $1,750 |
| Jan 2026 | $1,550 |
| Feb 2026 | $1,450 |
| Mar 2026 | $1,446 |
| Apr 2026 | $1,323 |
| 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 Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $974 | $1,150 | $1,743 | $2,200 | $1,150 |
| Townhomes | — | $1,400 | — | — | $1,400 |
| Apartments and Condos | $900 | $1,095 | — | — | $995 |
| Houses | $821 | $2,035 | $1,950 | $2,200 | $1,995 |
Frequently Asked Questions about Rentals in 40220
- What is the average rent in 40220?The average rent in 40220 is $1,150. Rent prices range from $800 to as much as $4,500, depending on the type of rental.
- How does the rent in 40220 compare to the national average?Average rent in 40220 is about 40% lower than the national average rent of $1,910. That means it is less expensive to rent in 40220 compared to the U.S. average.
- What is the average rent in 40220, by number of bedrooms?The average rent in 40220 is $ for a studio, $974 for a 1 bedroom, $1,150 for a 2 bedroom, $1,743 for a 3 bedroom, and $2,200 for a 4 bedroom.
- How have rent prices in 40220 changed compared to last year?In the past year, the average rent price in 40220 has decreased by $281. That means the average rent is 24% lower than last year.
- How many available rental listings are in 40220?There are 61 available rental listings in 40220.
- What are some cities near 40220?Some nearby cities include: Louisville, Utica, Orchard Grass Hills, Jeffersonville, Pewee Valley, Prospect. These cities may have more rental options to explore.