Average Rent in 40203, Louisville, KY

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Current Versus Historical 40203, Louisville, KY Rents

40203 rentals average $950 for a studio rental to $1,100 for a 1-bedroom rental. The median price of all currently available listings is $1,100, or roughly $18 per square feet.
For the apartment units and housing in June 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $191 (25.19%) year-over-year from $759 to $950. 1-bedroom rentals prices have decreased by $90 (-12.16%) year-over-year from $740 to $650. 2-bedroom rentals prices have increased by $283 (30.91%) year-over-year from $917 to $1,200. 3-bedroom rentals prices have increased by $200 (13.33%) year-over-year from $1,500 to $1,700. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $1,195 to $1,195. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 23.38% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Jun 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $19.00 $950 $759 (25.19%) $695 (36.60%)
1 BR $17.60 $650 $740 (-12.16%) $680 (-4.41%)

Historical Rents in 40203, Louisville, KY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 40203



City Studio 1 Bed 2 Bed All

Top Neighborhoods Near 40203



Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near 40203



County Studio 1 Bed 2 Bed All

Top Zipcodes Near 40203

There is one zipcode in or near 40203, Louisville, KY. The average rent for this zipcode is $2,226.

The following table includes the zipcode in or near 40203, Louisville, KY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
40202, Louisville, KY $1,776 $2,144 $2,967 $2,226

Frequently Asked Questions - 40203 Average Rents

What is the average rent price in 40203, Louisville, KY?
The average monthly rental price for 40203, Louisville, KY apartments for rent is approximately $1,100. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 40203, Louisville, KY rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 40203, Louisville, KY.
How much is a studio apartment in 40203, Louisville, KY?
The average monthly rental price for studio apartments is $950 and an average price per square feet of $19.00. There are a total of 1 studio apartment listings currently available for rent in 40203.
How much is a one bedroom apartment in 40203, Louisville, KY?
The average monthly rental price for one bedroom apartments is $1,100 and an average price per square feet of $17.60. There are a total of 8 one bedroom apartment listings currently available for rent in 40203.
How have rent prices in 40203, Louisville, KY changed this year?
Rent prices for rentals in 40203, Louisville, KY can fluctuate yearly. Specifically, studio rental prices have changed by 0.25%, one bedroom rental prices have changed by -0.12%, two bedroom rental prices have changed by 0.31%, three bedroom rental prices have changed by 0.13% year-over-year.
What is a reasonable rent price in 40203, Louisville, KY?
A reasonable rent price in 40203, Louisville, KY is around $880/month. You can search for these reasonably priced rental listings on RentHop.
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