ZIP Code · KY

ZIP 40220

Part of Louisville, KY

Pop. 35,078·Jefferson County·54th most expensive ZIP in Kentucky

Median rent (all units)

$1,270/mo

Year-over-Year

+2.9%

Month-over-Month

+0.9%

vs US Median

-$662

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 40220 · $1,270

More affordable than 88% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,110

1 BR

$1,200

2 BR

$1,460

3 BR

$1,860

4 BR+

$2,170

Research median

$1,460/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

Cheapest month to sign

January. Asking rents in ZIP 40220 usually run 0.7% below trend in January and 1.5% above it in April, about $28 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 40220 is at its highest level since Zillow's records here began in November 2020.

Past year vs. the rest of Kentucky

Rent in ZIP 40220 changed +2.9% 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 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($78,434) is $1,961 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,860); a 4-bedroom is $2,170.

Rank in Louisville

11th cheapest of 29 ZIP codes in Louisville.

Cheaper nearby

ZIP 40208, 8 miles away, rents for 16% less ($1,063/mo), about $2,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 40220. 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.

Annual cost

$15,240/yr

At $1,270/mo median

Location

CityLouisville

StateKY

CountyJefferson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.9% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 40220 (Louisville, KY) is majority owner-occupied, has a large retiree population, 44.7% of residents hold a bachelor's degree or higher.

Population

35,078

Median income

$78,434

Median age

39.3

Renters

33.9%

Age distribution

20.4%

23%

23.7%

12.4%

20.5%

Under 1820.4%

18–3423%

35–5423.7%

55–6412.4%

65+20.5%

Gender

46.3%

53.7%

Male46.3%

Female53.7%

Race & ethnicity

73.6%

White73.6%

Black11.2%

Hispanic6.4%

Asian5.4%

Other3.4%

Education (25+)

20.9%

29.7%

44.7%

No HS diploma4.6%

HS diploma20.9%

Some college29.7%

Bachelor's+44.7%

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 40220 in Louisville, KY has changed in 5 years

Rent

$911 → $1,270

up 39.4%

Income

$68,598 → $78,434

up 14.3%

Population

34,723 → 35,078

up 1.0%

Renter share

37.8% → 33.9%

-3.9 pts

Bachelor's+

41.1% → 44.7%

+3.6 pts

Median age

40.3 → 39.3

-1.0 yrs

Since 2021, the typical rent in ZIP 40220 in Louisville, KY has climbed from $911 to $1,270, a 39.4% change over five years. Local incomes tracked alongside that move, going from a median of $68,598 in 2021 to $78,434 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.0% since 2021, moving from about 34,723 residents to roughly 35,078. Renters now make up 33.9% of households, compared with 37.8% five years ago. College-educated residents now make up 44.7% of adults here, versus 41.1% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 40220 in Louisville, KY market of 2021.

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About renting in ZIP 40220

Last updated: October 17, 2026

ZIP code 40220 covers Louisville, KY. The median rent here is $1,270/mo as of October 2026. A 1-bedroom rents for a median of $1,200/mo. A 2-bedroom rents for a median of $1,460/mo.

At 19% of local median household income ($78,434/yr), ZIP 40220 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 40220?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (about $25/hour full-time) to afford the median rent of $1,270/mo in ZIP 40220. The local median household income is $78,434/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 40220?

Rent in ZIP 40220 has risen 2.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in November 2020.

When is the cheapest time to rent in ZIP 40220?

Asking rents in ZIP 40220 are usually lowest in January, about 0.7% below their yearly trend, and highest in April, about 1.5% above it. At today's median that is a gap of roughly $28 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 40220 compare to other ZIPs in Kentucky?

ZIP 40220 is one of the more affordable among Kentucky ZIP codes for rent, ranking #54 of 78 at $1,270/mo. Over the year to September 2026, rent in ZIP 40220 changed +2.9%, against a typical +3.3% across the 63 Kentucky ZIP codes Zillow tracks.