40118 rental market

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Last updated August 21, 2025

Rental market summary

The average rent for 3 bedroom properties in 40118 is $1,700.

Average rent

$1,700

Month-over-month change

+$172

Year-over-year change

+$45

Available rentals

4

Source: Zillow Rentals data

Rental price range

The price range for 3 bedroom properties is $1,395 to $2,525.

Rent frequencies
Rent priceNumber of rental properties
$1,4001
$1,6001
$1,7001
$1,8001
$2,500+1

Average rent price over time

In the last year, rent has increased by $45 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,199$1,850
Feb$1,199$1,715
Mar$1,395$1,700
Apr$1,500$2,040
May$1,660$1,845
Jun$1,300$1,788
Jul$1,300$1,845
Aug$1,616$1,670
Sep$1,657No data
Oct$1,736No data
Nov$1,715No data
Dec$1,850No data

Market temperature

The 40118 rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

warm

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 40118 is 23% lower than the national average.

40118vs.

$1,700

$2,200

Rent in 40118

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Frequently asked questions

1. What is the average rent in 40118?

The average rent in 40118 is $1,289.

2. How much does it cost to rent a house in 40118?

Houses in 40118 rent between $850 - $4,500 with an average rent of $1,289.

3. How has the rent in 40118 changed in the last year?

In the last year, the rent in 40118 decreased by $456

4. How much has the rent in 40118 increased/decreased in the last month?

In the last month, the rent in 40118 increased by $71

5. How many available rentals are there in 40118?

There are currently 12 rentals available in 40118.

6. How do rent prices in 40118 compare with the national average?

The average rent in 40118 is $1,289 — Infinity% higher the national average of $0.