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ZIP Code · KY

ZIP 40203

Pop. 17,742·Jefferson County·73rd most expensive ZIP in Kentucky
Median rent (all units)
$1,101/mo
Year-over-Year
+9.3%
Month-over-Month
-1.7%
vs US Median
-$864
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 40203 · $1,101
More affordable than 95% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$840
1 BR
$910
2 BR
$1,100
3 BR
$1,410
4 BR+
$1,630
Research median
$1,100/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$13,212/yr
At $1,101/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (9.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+9.3% YoY, -1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 40203 (Louisville, KY) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 22.5% of residents hold a bachelor's degree or higher.

Population
17,742
Median income
$30,794
Median age
32.8
Renters
75.1%
Age distribution
22.3%
30.4%
22.2%
13.3%
Under 1822.3%
18–3430.4%
35–5422.2%
55–6411.9%
65+13.3%
Gender
47.6%
52.4%
Male47.6%
Female52.4%
Race & ethnicity
40.2%
51.7%
White40.2%
Black51.7%
Hispanic3.2%
Asian0.6%
Other4.3%
Education (25+)
12.8%
34.6%
30.1%
22.5%
No HS diploma12.8%
HS diploma34.6%
Some college30.1%
Bachelor's+22.5%
Housing tenure
24.9%
75.1%
Owner24.9%
Renter75.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 40203 in Louisville, KY has changed in 5 years

Rent
$775 → $1,101
up 42.1%
Income
$26,968 → $30,794
up 14.2%
Population
17,263 → 17,742
up 2.8%
Renter share
78.9% → 75.1%
-3.8 pts
Bachelor's+
21.8% → 22.5%
+0.7 pts
Median age
37.8 → 32.8
-5.0 yrs

Across the past five years, the going rent in ZIP 40203 in Louisville, KY has shifted from $775 to $1,101, up 42.1% since 2021. Median household income climbed from $26,968 to $30,794 between 2021 and 2024, a 14.2% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 40203 in Louisville, KY adding about 479 residents over the five-year window, up 2.8% on net. The renter share has eased from 78.9% to 75.1%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in ZIP 40203 in Louisville, KY reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 40203

Last updated: July 20, 2026

ZIP code 40203 covers Louisville, KY. The median rent here is $1,101/mo as of July 2026. A 1-bedroom rents for a median of $910/mo. A 2-bedroom rents for a median of $1,100/mo.

At 43% of local median household income ($30,794/yr), ZIP 40203 ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40203?

As of July 20, 2026, the median monthly rent in ZIP 40203 (Louisville, KY) is $1,101. This is based on aggregated data from public sources and community submissions.

How does ZIP 40203 rent compare to the US average?

ZIP 40203's median rent of $1,101/mo is $864 (44%) below the US national median of $1,965/mo.

How does ZIP 40203 compare to other ZIPs in Kentucky?

ZIP 40203 is among the more affordable ZIP codes in Kentucky, ranking #73 out of 83 ZIPs at $1,101/mo.

How much income do you need to rent in ZIP 40203?

To keep rent at or below 30% of gross income, you would need to earn at least $44,000/year (~$21/hour full-time) to afford the median rent of $1,101/mo in ZIP 40203. The local median household income is $30,794/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 40203?

Rent in ZIP 40203 has increased 9.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 40203 an affordable place to rent?

ZIP 40203 is considered stretched for renters. At $1,101/mo, rent takes approximately 43% of the local median household income ($30,794/yr). The standard benchmark is 30%. ZIP 40203 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 40203 residents rent vs. own?

According to Census data, approximately 75.1% of ZIP 40203 households are renters, while 24.9% are owner-occupied. With a majority renter population, ZIP 40203 has a strong rental market.

How does ZIP 40203 compare to the rest of Louisville?

ZIP 40203 is more affordable than Louisville overall. At $1,101/mo, it's $293 below the Louisville citywide median of $1,394/mo.

When was rent data for ZIP 40203 last updated?

Rent data for ZIP 40203 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
43%
STRETCHED

At $1,101/mo, rent takes ~43% of ZIP 40203's median household income ($30,794/yr). The standard benchmark is 30%.

ZIP 40203 43%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40203 (Louisville, KY)

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