ZIP Code · KY

ZIP 40229

Part of Louisville, KY

Pop. 41,299·Jefferson County·29th most expensive ZIP in Kentucky

Median rent (all units)

$1,485/mo

Year-over-Year

+1.4%

Month-over-Month

-0.3%

vs US Median

-$447

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 40229 · $1,485

More affordable than 74% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,130

1 BR

$1,230

2 BR

$1,490

3 BR

$1,900

4 BR+

$2,210

Research median

$1,490/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 40229 is 0.3% below its high of $1,490 in August 2026, at $1,485 as of September 2026.

Past year vs. the rest of Kentucky

Rent in ZIP 40229 changed +1.4% 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 6 of the last 12 months.

What a typical income covers

30% of the median household income ($79,936) is $1,998 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,900); a 4-bedroom is $2,210.

Rank in Louisville

23rd cheapest of 29 ZIP codes in Louisville.

Cheaper nearby

ZIP 40218, 7 miles away, rents for 16% less ($1,241/mo), about $2,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 40229. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,820/yr

At $1,485/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 (+1.4% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 40229 (Louisville, KY) is majority owner-occupied, 22.9% of residents hold a bachelor's degree or higher.

Population

41,299

Median income

$79,936

Median age

36.2

Renters

28.2%

Age distribution

23.9%

24.1%

29.5%

12.5%

Under 1823.9%

18–3424.1%

35–5429.5%

55–6410%

65+12.5%

Gender

50.8%

49.2%

Male50.8%

Female49.2%

Race & ethnicity

66.5%

13.3%

14.5%

White66.5%

Black13.3%

Hispanic14.5%

Asian1.7%

Other4%

Education (25+)

33.4%

32%

22.9%

No HS diploma11.7%

HS diploma33.4%

Some college32%

Bachelor's+22.9%

Housing tenure

71.8%

28.2%

Owner71.8%

Renter28.2%

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

2023 vs 2026

How ZIP 40229 in Louisville, KY has changed in 5 years

Rent

$1,293 → $1,485

up 14.8%

Income

$68,309 → $79,936

up 17.0%

Population

39,658 → 41,299

up 4.1%

Renter share

26.6% → 28.2%

+1.6 pts

Bachelor's+

18.4% → 22.9%

+4.5 pts

Median age

35.7 → 36.2

+0.5 yrs

Rent in ZIP 40229 in Louisville, KY has climbed 14.8% since 2023, going from about $1,293 per month to roughly $1,485 today. Household income in the area moved from $68,309 to $79,936 across the same window, up 17.0% versus 2021. Headcount in the area went from 39,658 to 41,299 between 2021 and 2024, a 4.1% change. About 28.2% of households rent today, against 26.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 18.4% to 22.9%. Reading these numbers side by side helps frame whether current listings in ZIP 40229 in Louisville, KY look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 40229

Last updated: October 17, 2026

ZIP code 40229 covers Louisville, KY. The median rent here is $1,485/mo as of October 2026. A 1-bedroom rents for a median of $1,230/mo. A 2-bedroom rents for a median of $1,490/mo.

At 22% of local median household income ($79,936/yr), ZIP 40229 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 40229?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (about $28/hour full-time) to afford the median rent of $1,485/mo in ZIP 40229. The local median household income is $79,936/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 40229?

Rent in ZIP 40229 has risen 1.4% over the past year as of September 2026. It sits 0.3% below its high of $1,490 in August 2026.

How does ZIP 40229 compare to other ZIPs in Kentucky?

ZIP 40229 is in the middle among Kentucky ZIP codes for rent, ranking #29 of 78 at $1,485/mo. Over the year to September 2026, rent in ZIP 40229 changed +1.4%, against a typical +3.3% across the 63 Kentucky ZIP codes Zillow tracks.