Cheap Apartments for Rent in 40701

25 rentals

Apartments For Rent Near 40701

We found 30 more apartments matching your filters just outside 40701

Average Rent Trends in 40701

Rent in 40701 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 Jun 2025.
MonthAverage rent
Oct 2025$1,125
Nov 2025$1,150
Dec 2025$1,095
Jan 2026$1,095
Feb 2026$1,100
Mar 2026$1,117
Apr 2026$1,095
May 2026$1,150
Jun 2026$1,127
Jul 2026$1,150
Aug 2026$1,025
Sep 2026$1,095
View as a graph

Average Rent By Bedroom and Home Type

In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$675$1,150$1,199$1,400$1,150
Townhomes—$1,195$1,200—$1,195
Apartments and Condos—$1,150$1,200—$1,150
Houses—$1,200$1,199$1,400$1,199

Frequently Asked Questions about Rentals in 40701

  • What is the average rent of an apartment in 40701?
    The average rent of an apartment in 40701 is $938 per month. This is about 52% lower than the national average.
  • What are the cheapest months to find an apartment to rent in 40701?
    Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $999 per month.
  • How many cheap apartments are available in 40701?
    There are 20 apartments to rent that are cheaper than the city’s average rent of $1,150.
  • When is the average rent most expensive in 40701?
    In the last year, the average rent in 40701 was highest in Jun 2025 when it was $1,294 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 40701?
    The average rent of a 1 bedroom apartment in 40701 is $675 per month. That is about $175 less than the cost of a studio apartment.
  • What are some cities near 40701?
    Some nearby cities include: Corbin, Woodbine, Keavy, Rockholds, Lily, Gray. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 40701 - 90 Rentas | Trulia