Cheap Apartments for Rent in 40361

16 rentals

Apartments For Rent Near 40361

We found 30 more apartments matching your filters just outside 40361

Average Rent Trends in 40361

Rent in 40361 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Nov 2026 compared to the previous month. Rent previously peaked in Dec 2025.
MonthAverage rent
Dec 2025$1,175
Jan 2026$1,225
Feb 2026$1,150
Mar 2026$1,100
Apr 2026$1,095
May 2026$1,095
Jun 2026$1,095
Jul 2026$1,025
Aug 2026$1,012
Sep 2026$1,150
Oct 2026$1,175
Nov 2026$1,100
View as a graph

Average Rent By Bedroom and Home Type

In November 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$950$1,095$1,250$1,400$1,119
Townhomes$775$900——$775
Apartments and Condos$795$1,119$1,175—$1,005
Houses—$1,043$1,250$1,400$1,400

Frequently Asked Questions about Cheap Apartments for rent in 40361

  • How many cheap apartments are for rent in 40361?
    Trulia currently lists 23 cheap apartments for rent in 40361.
  • How much do cheap apartments in 40361 rent for?
    Rents for cheap apartments in 40361 range from $775 to $1,675 a month. Each listing shows its exact rent and any fees.
  • How does Trulia decide which rentals are cheap?
    This page shows rentals in the lowest price tier for apartments in 40361, sorted from the lowest rent up.
  • How can I find the cheapest apartments to rent in 40361?
    This page sorts apartments in 40361 from lowest rent up, starting at $775 a month. Filtering by fewer bedrooms or utilities included lowers costs further.
  • What trade-offs come with the cheapest rentals?
    Lower rents often mean smaller units, older buildings, fewer amenities or a longer commute. Check what utilities are included to compare true cost.