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ZIP Code · KY

ZIP 40218

Pop. 33,736·Jefferson County·52nd most expensive ZIP in Kentucky
Median rent (all units)
$1,340/mo
Year-over-Year
+6.8%
Month-over-Month
-0.4%
vs US Median
-$625
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 40218 · $1,340
More affordable than 84% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$990
1 BR
$1,070
2 BR
$1,300
3 BR
$1,660
4 BR+
$1,930
Research median
$1,300/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
$16,080/yr
At $1,340/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (6.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+6.8% YoY, -0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 40218 (Louisville, KY) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 28.6% of residents hold a bachelor's degree or higher.

Population
33,736
Median income
$58,811
Median age
33.2
Renters
50.5%
Age distribution
26.6%
26.2%
25.7%
Under 1826.6%
18–3426.2%
35–5425.7%
55–649.9%
65+11.6%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
42.4%
29.9%
18.5%
White42.4%
Black29.9%
Hispanic18.5%
Asian5.4%
Other3.8%
Education (25+)
12.7%
32%
26.8%
28.6%
No HS diploma12.7%
HS diploma32%
Some college26.8%
Bachelor's+28.6%
Housing tenure
49.5%
50.5%
Owner49.5%
Renter50.5%

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

2021 vs 2026

How ZIP 40218 in Louisville, KY has changed in 5 years

Income
$52,395 → $58,811
up 12.2%
Population
33,779 → 33,736
down 0.1%
Renter share
51.4% → 50.5%
-0.9 pts
Bachelor's+
26.2% → 28.6%
+2.4 pts
Median age
35 → 33.2
-1.8 yrs

Local incomes tracked alongside that move, going from a median of $52,395 in 2021 to $58,811 more recently. College-educated residents now make up 28.6% of adults here, versus 26.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 40218

About renting in ZIP 40218

Last updated: July 20, 2026

ZIP code 40218 covers Louisville, KY. The median rent here is $1,340/mo as of July 2026. A 1-bedroom rents for a median of $1,070/mo. A 2-bedroom rents for a median of $1,300/mo.

At 27% of local median household income ($58,811/yr), ZIP 40218 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40218?

As of July 20, 2026, the median monthly rent in ZIP 40218 (Louisville, KY) is $1,340. This is based on aggregated data from public sources and community submissions.

How does ZIP 40218 rent compare to the US average?

ZIP 40218's median rent of $1,340/mo is $625 (32%) below the US national median of $1,965/mo.

How does ZIP 40218 compare to other ZIPs in Kentucky?

ZIP 40218 falls in the middle range for Kentucky, ranking #52 out of 83 ZIPs at $1,340/mo.

How much income do you need to rent in ZIP 40218?

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 $1,340/mo in ZIP 40218. The local median household income is $58,811/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40218?

Rent in ZIP 40218 has increased 6.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 40218 an affordable place to rent?

ZIP 40218 is considered affordable for renters. At $1,340/mo, rent takes approximately 27% of the local median household income ($58,811/yr). The standard benchmark is 30%. ZIP 40218 falls comfortably within that range.

What percentage of ZIP 40218 residents rent vs. own?

According to Census data, approximately 50.5% of ZIP 40218 households are renters, while 49.5% are owner-occupied. With a majority renter population, ZIP 40218 has a strong rental market.

How does ZIP 40218 compare to the rest of Louisville?

ZIP 40218 is more affordable than Louisville overall. At $1,340/mo, it's $54 below the Louisville citywide median of $1,394/mo.

When was rent data for ZIP 40218 last updated?

Rent data for ZIP 40218 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,340/mo, rent takes ~27% of ZIP 40218's median household income ($58,811/yr). The standard benchmark is 30%.

ZIP 40218 27%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40218 (Louisville, KY)

Recent submissions

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