40031 rental market
Last updated August 25, 2025
Rental market summary
The average rent for 3 bedroom properties in 40031 is $1,595.
$1,595
+$95
-$55
3
Source: Zillow Rentals data
Rental price range
The price range for 3 bedroom properties is $1,495 to $1,960.
| Rent price | Number of rental properties |
|---|---|
| $1,400 | 1 |
| $1,500 | 1 |
| $1,900+ | 1 |
Average rent price over time
In the last year, rent has decreased by $55 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $2,375 | $2,200 |
| Feb | $2,190 | $2,000 |
| Mar | $2,375 | $1,900 |
| Apr | $2,010 | $2,095 |
| May | $2,400 | $1,795 |
| Jun | $2,015 | $1,700 |
| Jul | $1,920 | $1,595 |
| Aug | $1,695 | $1,500 |
| Sep | $1,600 | No data |
| Oct | $1,785 | No data |
| Nov | $1,710 | No data |
| Dec | $1,735 | No data |
Market temperature
The 40031 rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in 40031 is 28% lower than the national average.
$1,595
$2,200
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Frequently asked questions
1. What is the average rent in 40031?
The average rent in 40031 is $1,295.
2. How much does it cost to rent a house in 40031?
Houses in 40031 rent between $1,050 - $3,500 with an average rent of $1,295.
3. How has the rent in 40031 changed in the last year?
In the last year, the rent in 40031 increased by $190
4. How much has the rent in 40031 increased/decreased in the last month?
In the last month, the rent in 40031 decreased by $205
5. How many available rentals are there in 40031?
There are currently 10 rentals available in 40031.
6. How do rent prices in 40031 compare with the national average?
The average rent in 40031 is $1,295 — Infinity% higher the national average of $0.