ZIP Code · KY

ZIP 40216

Part of Louisville, KY

Pop. 44,047·Jefferson County·50th most expensive ZIP in Kentucky

Median rent (all units)

$1,300/mo

Year-over-Year

-1.1%

Month-over-Month

Stable

vs US Median

-$632

Reported rents

Stable (Monthly)

Be the first to discuss 40216 rents ↓

Most AffordableMost Expensive

ZIP 40216 · $1,300

More affordable than 86% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$820

1 BR

$890

2 BR

$1,080

3 BR

$1,390

4 BR+

$1,610

Research median

$1,080/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 40216 is 1.9% below its high of $1,325 in January 2026, at $1,300 as of September 2026.

Past year vs. the rest of Kentucky

Rent in ZIP 40216 changed -1.1% over the year to September 2026. Across the 63 Kentucky ZIP codes Zillow tracks, the typical change was +3.3%.

Recent direction

Rent has risen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($56,441) is $1,411 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,390); a 4-bedroom is $1,610.

Rank in Louisville

13th cheapest of 29 ZIP codes in Louisville.

Cheaper nearby

ZIP 40211, 3 miles away, rents for 11% less ($1,160/mo), about $1,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 40216. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,600/yr

At $1,300/mo median

Location

CityLouisville

StateKY

CountyJefferson County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-1.1% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 40216 (Louisville, KY) is majority owner-occupied, has a median income below the national average, 13.8% of residents hold a bachelor's degree or higher.

Population

44,047

Median income

$56,441

Median age

38.9

Renters

33.9%

Age distribution

23.6%

19.9%

24.3%

15.2%

17.1%

Under 1823.6%

18–3419.9%

35–5424.3%

55–6415.2%

65+17.1%

Gender

46.9%

53.1%

Male46.9%

Female53.1%

Race & ethnicity

43.2%

42.7%

White43.2%

Black42.7%

Hispanic7.4%

Asian1.4%

Other5.3%

Education (25+)

14.1%

40.8%

31.2%

13.8%

No HS diploma14.1%

HS diploma40.8%

Some college31.2%

Bachelor's+13.8%

Housing tenure

66.1%

33.9%

Owner66.1%

Renter33.9%

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

2021 vs 2026

How ZIP 40216 in Louisville, KY has changed in 5 years

Rent

$1,012 → $1,300

up 28.5%

Income

$47,575 → $56,441

up 18.6%

Population

43,749 → 44,047

up 0.7%

Renter share

38.3% → 33.9%

-4.4 pts

Bachelor's+

15% → 13.8%

-1.2 pts

Median age

37.8 → 38.9

+1.1 yrs

The median rent in ZIP 40216 in Louisville, KY stood at $1,012 in 2021 and currently runs about $1,300, reflecting a 28.5% increase over the period. Local incomes tracked alongside that move, going from a median of $47,575 in 2021 to $56,441 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 33.9% of households, compared with 38.3% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 40216 in Louisville, KY market of 2021.

Community

Discussions about ZIP 40216

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 40216

About renting in ZIP 40216

Last updated: October 17, 2026

ZIP code 40216 covers Louisville, KY. The median rent here is $1,300/mo as of October 2026. A 1-bedroom rents for a median of $890/mo. A 2-bedroom rents for a median of $1,080/mo.

At 28% of local median household income ($56,441/yr), ZIP 40216 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 40216?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (about $25/hour full-time) to afford the median rent of $1,300/mo in ZIP 40216. The local median household income is $56,441/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 40216?

Rent in ZIP 40216 has fallen 1.1% over the past year as of September 2026. It sits 1.9% below its high of $1,325 in January 2026.

How does ZIP 40216 compare to other ZIPs in Kentucky?

ZIP 40216 is in the middle among Kentucky ZIP codes for rent, ranking #50 of 78 at $1,300/mo. Over the year to September 2026, rent in ZIP 40216 changed -1.1%, against a typical +3.3% across the 63 Kentucky ZIP codes Zillow tracks.