40118 rental market
What is the average rent in 40118?
Last updated November 21, 2025
Rental market summary
The average rent for 1 bedroom properties in 40118 is $1,012.
$1,012
-$4
+$1,012
1
Source: Zillow Rentals data
Rental price range
The price range for 1 bedroom properties is $995 to $1,010.
| Rent price | Number of rental properties |
|---|---|
| $1,000+ | 1 |
Average rent price over time
In the last year, rent has increased by $1,012 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Feb | $800 | $944 |
Market temperature
The 40118 rental market temperature is HOT. 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 40118 is 33% lower than the national average.
$1,012
$1,500
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Frequently asked questions
1. What is the average rent in 40118?
The average rent in 40118 is $1,567.
2. What is the average rent for a studio apartment in 40118?
The average rent for a studio apartment in 40118 is $1,291 per month.
3. What is the average rent for a one-bedroom apartment in 40118?
The average rent for a one-bedroom apartment in 40118 is $1,012 per month.
4. What is the average rent for a two-bedroom apartment in 40118?
The average rent for a two-bedroom apartment in 40118 is $1,109 per month.
5. What is the average rent for a three-bedroom apartment in 40118?
The average rent for a three-bedroom apartment in 40118 is $1,395 per month.
6. What is the average rent for a four-bedroom apartment in 40118?
The average rent for a four-bedroom apartment in 40118 is $1,600 per month.
7. How much does it cost to rent a house in 40118?
Houses in 40118 rent between $995 - $2,085 with an average rent of $1,567.
8. How has the rent in 40118 changed in the last year?
In the last year, the rent in 40118 decreased by $148
9. How much has the rent in 40118 increased/decreased in the last month?
In the last month, the rent in 40118 decreased by $133
10. How many available rentals are there in 40118?
There are currently 9 rentals available in 40118.
11. How do rent prices in 40118 compare with the national average?
The average rent in 40118 is $1,567 — Infinity% higher the national average of $0.