Cheap Apartments for Rent in 40242

18 rentals

Apartments For Rent Near 40242

We found 30 more apartments matching your filters just outside 40242

Average Rent Trends in 40242

Rent in 40242 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 Jul 2025.
MonthAverage rent
Nov 2025$1,399
Dec 2025$1,399
Jan 2026$1,399
Feb 2026$1,550
Mar 2026$1,695
Apr 2026$1,640
May 2026$1,626
Jun 2026$1,346
Jul 2026$1,366
Aug 2026$1,650
Sep 2026$1,799
Oct 2026$1,799
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,102$1,406$1,799$2,125$1,750
Apartments and Condos$950$1,695——$950
Houses——$1,900$2,125$2,050

Frequently Asked Questions about Rentals in 40242

  • What is the average rent of an apartment in 40242?
    The average rent of an apartment in 40242 is $1,110 per month. This is about 43% lower than the national average.
  • What are the cheapest months to find an apartment to rent in 40242?
    Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $1,025 per month.
  • How many cheap apartments are available in 40242?
    There are 9 apartments to rent that are cheaper than the city’s average rent of $1,750.
  • When is the average rent most expensive in 40242?
    In the last year, the average rent in 40242 was highest in Jul 2025 when it was $1,595 per month.
  • What are some cities near 40242?
    Some nearby cities include: Orchard Grass Hills, Utica, Prospect, Pewee Valley, River Bluff, Jeffersonville. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 40242 - 162 Rentas | Trulia