ZIP Code · KY

ZIP 40215

Part of Louisville, KY

Pop. 20,532·Jefferson County·61st most expensive ZIP in Kentucky

Median rent (all units)

$1,205/mo

Year-over-Year

-2.6%

Month-over-Month

-0.3%

vs US Median

-$727

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 40215 · $1,205

More affordable than 91% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$930

1 BR

$1,000

2 BR

$1,220

3 BR

$1,560

4 BR+

$1,810

Research median

$1,220/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 40215 is 4.2% below its high of $1,258 in February 2026, at $1,205 as of September 2026.

Past year vs. the rest of Kentucky

Rent in ZIP 40215 changed -2.6% over the year to September 2026. Across the 63 Kentucky ZIP codes Zillow tracks, the typical change was +3.3%.

Recent direction

Rent has fallen 4 months in a row, and rose in 3 of the last 12 months.

What a typical income covers

30% of the median household income ($43,725) is $1,093 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,000); a 2-bedroom is $1,220.

Rank in Louisville

7th cheapest of 29 ZIP codes in Louisville.

Cheaper nearby

ZIP 40208, 2 miles away, rents for 12% less ($1,063/mo), about $1,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 40215. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,460/yr

At $1,205/mo median

Location

CityLouisville

StateKY

CountyJefferson County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 2.6% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-2.6% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 40215 (Louisville, KY) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 14.4% of residents hold a bachelor's degree or higher.

Population

20,532

Median income

$43,725

Median age

37.1

Renters

56.4%

Age distribution

26.9%

21%

25.6%

14.9%

Under 1826.9%

18–3421%

35–5425.6%

55–6414.9%

65+11.6%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

48.1%

31.1%

White48.1%

Black31.1%

Hispanic8.9%

Asian2.7%

Other9.3%

Education (25+)

21.1%

36.8%

27.7%

14.4%

No HS diploma21.1%

HS diploma36.8%

Some college27.7%

Bachelor's+14.4%

Housing tenure

43.6%

56.4%

Owner43.6%

Renter56.4%

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

2022 vs 2026

How ZIP 40215 in Louisville, KY has changed in 5 years

Rent

$973 → $1,205

up 23.8%

Income

$37,535 → $43,725

up 16.5%

Population

20,042 → 20,532

up 2.4%

Renter share

58.4% → 56.4%

-2.0 pts

Bachelor's+

9% → 14.4%

+5.4 pts

Median age

34.3 → 37.1

+2.8 yrs

Compared with 2022, rent in ZIP 40215 in Louisville, KY has climbed by $232 per month, settling near $1,205 after starting the period at $973. Median household income grew from $37,535 to $43,725 between 2021 and 2024, a 16.5% shift. Rent outpaced income growth by roughly 7.3 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 20,042 to 20,532 between 2021 and 2024, a 2.4% change. About 56.4% of households rent today, against 58.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 9% to 14.4%. Taken together, the five-year picture in ZIP 40215 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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About renting in ZIP 40215

Last updated: October 17, 2026

ZIP code 40215 covers Louisville, KY. The median rent here is $1,205/mo as of October 2026. A 1-bedroom rents for a median of $1,000/mo. A 2-bedroom rents for a median of $1,220/mo.

At 33% of local median household income ($43,725/yr), ZIP 40215 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 40215?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (about $23/hour full-time) to afford the median rent of $1,205/mo in ZIP 40215. The local median household income is $43,725/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 40215?

Rent in ZIP 40215 has fallen 2.6% over the past year as of September 2026. It sits 4.2% below its high of $1,258 in February 2026.

How does ZIP 40215 compare to other ZIPs in Kentucky?

ZIP 40215 is one of the more affordable among Kentucky ZIP codes for rent, ranking #61 of 78 at $1,205/mo. Over the year to September 2026, rent in ZIP 40215 changed -2.6%, against a typical +3.3% across the 63 Kentucky ZIP codes Zillow tracks.