ZIP Code · KY

ZIP 40243

Part of Louisville, KY

Pop. 12,002·Jefferson County·21st most expensive ZIP in Kentucky

Median rent (all units)

$1,576/mo

Year-over-Year

+3.0%

Month-over-Month

+0.3%

vs US Median

-$356

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 40243 · $1,576

More affordable than 67% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

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

Past year vs. the rest of Kentucky

Rent in ZIP 40243 changed +3.0% 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 7 of the last 12 months.

What a typical income covers

30% of the median household income ($77,587) is $1,940 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

25th cheapest of 29 ZIP codes in Louisville.

Cheaper nearby

ZIP 40220, 5 miles away, rents for 19% less ($1,270/mo), about $3,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 40243. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,912/yr

At $1,576/mo median

Location

CityLouisville

StateKY

CountyJefferson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.0% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 40243 (Louisville, KY) is majority owner-occupied, has a large retiree population, 54.9% of residents hold a bachelor's degree or higher.

Population

12,002

Median income

$77,587

Median age

Renters

36.9%

Age distribution

19.3%

19.1%

21.1%

14%

26.5%

Under 1819.3%

18–3419.1%

35–5421.1%

55–6414%

65+26.5%

Gender

45.9%

54.1%

Male45.9%

Female54.1%

Race & ethnicity

79%

White79%

Black6.3%

Hispanic6.8%

Asian3.7%

Other4.2%

Education (25+)

13.5%

28.7%

54.9%

No HS diploma2.9%

HS diploma13.5%

Some college28.7%

Bachelor's+54.9%

Housing tenure

63.1%

36.9%

Owner63.1%

Renter36.9%

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

2021 vs 2026

How ZIP 40243 in Louisville, KY has changed in 5 years

Income

$79,037 → $77,587

down 1.8%

Population

11,953 → 12,002

up 0.4%

Renter share

34.2% → 36.9%

+2.7 pts

Bachelor's+

49.5% → 54.9%

+5.4 pts

Household income in the area moved from $79,037 to $77,587 across the same window, down 1.8% versus 2021. Renters now make up 36.9% of households, compared with 34.2% five years ago. College-educated residents now make up 54.9% of adults here, versus 49.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 40243

About renting in ZIP 40243

Last updated: October 17, 2026

ZIP code 40243 covers Louisville, KY. The median rent here is $1,576/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 24% of local median household income ($77,587/yr), ZIP 40243 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 40243?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,576/mo in ZIP 40243. The local median household income is $77,587/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 40243?

Rent in ZIP 40243 has risen 3.0% over the past year.

How does ZIP 40243 compare to other ZIPs in Kentucky?

ZIP 40243 is one of the pricier among Kentucky ZIP codes for rent, ranking #21 of 78 at $1,576/mo. Over the year to September 2026, rent in ZIP 40243 changed +3.0%, against a typical +3.3% across the 63 Kentucky ZIP codes Zillow tracks.