ZIP Code · KY

ZIP 40218

Part of Louisville, KY

Pop. 33,736·Jefferson County·56th most expensive ZIP in Kentucky

Median rent (all units)

$1,241/mo

Year-over-Year

-1.5%

Month-over-Month

-0.8%

vs US Median

-$691

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 40218 · $1,241

More affordable than 89% 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

$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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Kentucky

Rent in ZIP 40218 changed -1.5% over the year to September 2026. Across the 63 Kentucky ZIP codes Zillow tracks, the typical change was +3.3%.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($58,811) is $1,470 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,300); a 3-bedroom is $1,660.

Rank in Louisville

10th cheapest of 29 ZIP codes in Louisville.

Cheaper nearby

ZIP 40208, 7 miles away, rents for 14% less ($1,063/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 40218. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,892/yr

At $1,241/mo median

Location

CityLouisville

StateKY

CountyJefferson County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 1.5% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-1.5% YoY, -0.8% 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

Discussions about ZIP 40218

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Local insights

Tips for renters in ZIP 40218

About renting in ZIP 40218

Last updated: October 17, 2026

ZIP code 40218 covers Louisville, KY. The median rent here is $1,241/mo as of October 2026. A 1-bedroom rents for a median of $1,070/mo. A 2-bedroom rents for a median of $1,300/mo.

At 25% of local median household income ($58,811/yr), ZIP 40218 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.5% over the past year.

FAQ

Frequently asked questions

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 $50,000/year (about $24/hour full-time) to afford the median rent of $1,241/mo in ZIP 40218. The local median household income is $58,811/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 40218?

Rent in ZIP 40218 has fallen 1.5% over the past year.

How does ZIP 40218 compare to other ZIPs in Kentucky?

ZIP 40218 is one of the more affordable among Kentucky ZIP codes for rent, ranking #56 of 78 at $1,241/mo. Over the year to September 2026, rent in ZIP 40218 changed -1.5%, against a typical +3.3% across the 63 Kentucky ZIP codes Zillow tracks.