ZIP 40206
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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
December. Asking rents in ZIP 40206 usually run 1.5% below trend in December and 1% above it in April, about $34 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 40206 is 0.8% below its high of $1,369 in December 2025, at $1,358 as of September 2026.
Rent in ZIP 40206 changed +1.6% 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 40206 rose 35.7% while median household income rose 31.3% ($57,717 to $75,798). Rent outpaced income.
Rent in ZIP 40206 is 34.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 8 of the last 12 months.
30% of the median household income ($75,798) is $1,895 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,790); a 4-bedroom is $2,080.
17th cheapest of 29 ZIP codes in Louisville.
ZIP 40203, 3 miles away, rents for 26% less ($1,006/mo), about $4,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 40206. 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 40206 (Louisville, KY) is roughly split between renters and owners, 56.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 40206 in Louisville, KY has changed in 5 years
Compared with 2021, rent in ZIP 40206 in Louisville, KY has increased by $326 per month, settling near $1,358 after starting the period at $1,032. Local incomes tracked alongside that move, going from a median of $62,915 in 2021 to $75,798 more recently. Rent outpaced income growth by roughly 11.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 20,836 to 20,161 between 2021 and 2024, a 3.2% change. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 40206 in Louisville, KY market of 2021.
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Tips for renters in ZIP 40206
Last updated: October 17, 2026
ZIP code 40206 covers Louisville, KY. The median rent here is $1,358/mo as of October 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,400/mo.
At 21% of local median household income ($75,798/yr), ZIP 40206 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.
Frequently asked questions
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How does ZIP 40206 compare to other ZIPs in Kentucky?
How does ZIP 40206 compare to the rest of Louisville?
At $1,358/mo, rent takes ~21% of ZIP 40206's median household income ($75,798/yr). The standard benchmark is 30%.
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