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ZIP Code · KY

ZIP 40204

Pop. 14,034·Jefferson County·51st most expensive ZIP in Kentucky
Median rent (all units)
$1,361/mo
Year-over-Year
+10.5%
Month-over-Month
-0.7%
vs US Median
-$604
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 40204 · $1,361
More affordable than 83% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,090
1 BR
$1,180
2 BR
$1,430
3 BR
$1,830
4 BR+
$2,130
Research median
$1,430/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
$16,332/yr
At $1,361/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.5% YoY, -0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 40204 (Louisville, KY) is roughly split between renters and owners, skews toward younger working-age adults, 61.3% of residents hold a bachelor's degree or higher.

Population
14,034
Median income
$71,116
Median age
39
Renters
50.6%
Age distribution
32%
28.9%
17.3%
Under 1811.3%
18–3432%
35–5428.9%
55–6410.5%
65+17.3%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
85.1%
White85.1%
Black4.9%
Hispanic3.3%
Asian2.7%
Other4%
Education (25+)
12.3%
22%
61.3%
No HS diploma4.4%
HS diploma12.3%
Some college22%
Bachelor's+61.3%
Housing tenure
49.4%
50.6%
Owner49.4%
Renter50.6%

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

2021 vs 2026

How ZIP 40204 in Louisville, KY has changed in 5 years

Rent
$1,003 → $1,361
up 35.7%
Income
$56,920 → $71,116
up 24.9%
Population
14,591 → 14,034
down 3.8%
Renter share
50.6% → 50.6%
+0.0 pts
Bachelor's+
54.9% → 61.3%
+6.4 pts
Median age
35.7 → 39
+3.3 yrs

Since 2021, the typical rent in ZIP 40204 in Louisville, KY has increased from $1,003 to $1,361, a 35.7% change over five years. Census figures show median household income at $71,116 today, compared with $56,920 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 3.8% since 2021, moving from about 14,591 residents to roughly 14,034. College-educated residents now make up 61.3% of adults here, versus 54.9% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 40204

Last updated: July 20, 2026

ZIP code 40204 covers Louisville, KY. The median rent here is $1,361/mo as of July 2026. A 1-bedroom rents for a median of $1,180/mo. A 2-bedroom rents for a median of $1,430/mo.

At 23% of local median household income ($71,116/yr), ZIP 40204 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40204?

As of July 20, 2026, the median monthly rent in ZIP 40204 (Louisville, KY) is $1,361. This is based on aggregated data from public sources and community submissions.

How does ZIP 40204 rent compare to the US average?

ZIP 40204's median rent of $1,361/mo is $604 (31%) below the US national median of $1,965/mo.

How does ZIP 40204 compare to other ZIPs in Kentucky?

ZIP 40204 falls in the middle range for Kentucky, ranking #51 out of 83 ZIPs at $1,361/mo.

How much income do you need to rent in ZIP 40204?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,361/mo in ZIP 40204. The local median household income is $71,116/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40204?

Rent in ZIP 40204 has increased 10.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 40204 an affordable place to rent?

ZIP 40204 is considered very affordable for renters. At $1,361/mo, rent takes approximately 23% of the local median household income ($71,116/yr). The standard benchmark is 30%. ZIP 40204 falls comfortably within that range.

What percentage of ZIP 40204 residents rent vs. own?

According to Census data, approximately 50.6% of ZIP 40204 households are renters, while 49.4% are owner-occupied. With a majority renter population, ZIP 40204 has a strong rental market.

How does ZIP 40204 compare to the rest of Louisville?

ZIP 40204 is more affordable than Louisville overall. At $1,361/mo, it's $33 below the Louisville citywide median of $1,394/mo.

When was rent data for ZIP 40204 last updated?

Rent data for ZIP 40204 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,361/mo, rent takes ~23% of ZIP 40204's median household income ($71,116/yr). The standard benchmark is 30%.

ZIP 40204 23%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40204 (Louisville, KY)

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