ZIP 40205
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 40205 usually run 0.9% below trend in February and 0.9% above it in July, about $24 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 40205 is 1.1% below its high of $1,351 in July 2026, at $1,336 as of September 2026.
Rent in ZIP 40205 changed +0.8% over the year to September 2026. Across the 63 Kentucky ZIP codes Zillow tracks, the typical change was +3.3%.
From 2019 to 2024, rent in ZIP 40205 rose 30.3% while median household income rose 23.8% ($80,717 to $99,966). Rent outpaced income.
Rent in ZIP 40205 is 37.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has fallen 2 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($99,966) is $2,499 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,990).
15th cheapest of 29 ZIP codes in Louisville.
ZIP 40208, 5 miles away, rents for 20% less ($1,063/mo), about $3,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 40205. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 40205 (Louisville, KY) is majority owner-occupied, has a large retiree population, has a median income above the national average, 66.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 40205 in Louisville, KY has changed in 5 years
Across the past five years, the going rent in ZIP 40205 in Louisville, KY has shifted from $1,009 to $1,336, up 32.4% since 2021. Median household income climbed from $88,033 to $99,966 between 2021 and 2024, a 13.6% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 40205 in Louisville, KY losing about 497 residents over the five-year window, down 2.0% on net. Bachelor's-degree-or-higher attainment moved from 64.3% to 66.7% across the same window. Taken together, the five-year picture in ZIP 40205 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.
Discussions about ZIP 40205
No discussions yet. Start the conversation.
Tips for renters in ZIP 40205
Last updated: October 17, 2026
ZIP code 40205 covers Louisville, KY. The median rent here is $1,336/mo as of October 2026. A 1-bedroom rents for a median of $1,100/mo. A 2-bedroom rents for a median of $1,340/mo.
At 16% of local median household income ($99,966/yr), ZIP 40205 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 40205?
Is rent going up or down in ZIP 40205?
When is the cheapest time to rent in ZIP 40205?
Has rent outpaced income in ZIP 40205?
How does ZIP 40205 compare to other ZIPs in Kentucky?
How does ZIP 40205 compare to the rest of Louisville?
At $1,336/mo, rent takes ~16% of ZIP 40205's median household income ($99,966/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.