ZIP Code · KY

ZIP 40241

Part of Louisville, KY

Pop. 30,696·Jefferson County·14th most expensive ZIP in Kentucky

Median rent (all units)

$1,602/mo

Year-over-Year

+4.0%

Month-over-Month

+0.4%

vs US Median

-$330

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 40241 · $1,602

More affordable than 65% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,270

1 BR

$1,370

2 BR

$1,670

3 BR

$2,130

4 BR+

$2,480

Research median

$1,670/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

February. Asking rents in ZIP 40241 usually run 1.1% below trend in February and 0.9% above it in October, about $32 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 40241 is at its highest level since Zillow's records here began in November 2020.

Past year vs. the rest of Kentucky

Rent in ZIP 40241 changed +4.0% 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 10 of the last 12 months.

What a typical income covers

30% of the median household income ($94,078) is $2,352 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,130); a 4-bedroom is $2,480.

Rank in Louisville

28th cheapest of 29 ZIP codes in Louisville.

Cheaper nearby

ZIP 40220, 6 miles away, rents for 21% less ($1,270/mo), about $4,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 40241. 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

$19,224/yr

At $1,602/mo median

Location

CityLouisville

StateKY

CountyJefferson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.0% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 40241 (Louisville, KY) is majority owner-occupied, has a large retiree population, has a median income above the national average, 57.8% of residents hold a bachelor's degree or higher.

Population

30,696

Median income

$94,078

Median age

42.1

Renters

28.3%

Age distribution

20.5%

21.5%

14.5%

22.1%

Under 1820.5%

18–3421.5%

35–5421.5%

55–6414.5%

65+22.1%

Gender

48.3%

51.7%

Male48.3%

Female51.7%

Race & ethnicity

73.1%

White73.1%

Black9.9%

Hispanic6.8%

Asian5.5%

Other4.7%

Education (25+)

13.5%

25.7%

57.8%

No HS diploma3%

HS diploma13.5%

Some college25.7%

Bachelor's+57.8%

Housing tenure

71.7%

28.3%

Owner71.7%

Renter28.3%

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

2021 vs 2026

How ZIP 40241 in Louisville, KY has changed in 5 years

Rent

$1,248 → $1,602

up 28.4%

Income

$88,147 → $94,078

up 6.7%

Population

30,189 → 30,696

up 1.7%

Renter share

30.2% → 28.3%

-1.9 pts

Bachelor's+

56.2% → 57.8%

+1.6 pts

Median age

41.4 → 42.1

+0.7 yrs

Rent in ZIP 40241 in Louisville, KY has climbed 28.4% since 2021, going from about $1,248 per month to roughly $1,602 today. On the earnings side, the typical household in ZIP 40241 in Louisville, KY now reports about $94,078, up from $88,147 in 2021. Rent outpaced income growth by roughly 21.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 30,189 to 30,696 between 2021 and 2024, a 1.7% change. About 28.3% of households rent today, against 30.2% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 40241 in Louisville, KY reflects that arc in its own way.

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About renting in ZIP 40241

Last updated: October 17, 2026

ZIP code 40241 covers Louisville, KY. The median rent here is $1,602/mo as of October 2026. A 1-bedroom rents for a median of $1,370/mo. A 2-bedroom rents for a median of $1,670/mo.

At 20% of local median household income ($94,078/yr), ZIP 40241 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 40241?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,602/mo in ZIP 40241. The local median household income is $94,078/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 40241?

Rent in ZIP 40241 has risen 4.0% 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 40241?

Asking rents in ZIP 40241 are usually lowest in February, about 1.1% below their yearly trend, and highest in October, about 0.9% above it. At today's median that is a gap of roughly $32 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 40241 compare to other ZIPs in Kentucky?

ZIP 40241 is one of the pricier among Kentucky ZIP codes for rent, ranking #14 of 78 at $1,602/mo. Over the year to September 2026, rent in ZIP 40241 changed +4.0%, against a typical +3.3% across the 63 Kentucky ZIP codes Zillow tracks.