40223 rental market

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Last updated August 21, 2025

Rental market summary

The average rent for 3 bedroom properties in 40223 is $1,944.

Average rent

$1,944

Month-over-month change

+$144

Year-over-year change

+$113

Available rentals

11

Source: Zillow Rentals data

Rental price range

The price range for 3 bedroom properties is $1,599 to $2,400.

Rent frequencies
Rent priceNumber of rental properties
$1,4001
$1,5001
$1,6003
$1,8001
$1,9002
$2,1003
$2,3001
$2,400+1

Average rent price over time

In the last year, rent has increased by $113 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,800$1,900
Feb$1,800$1,971
Mar$1,716$1,800
Apr$1,731$1,800
May$1,840$1,700
Jun$1,850$1,681
Jul$1,775$1,679
Aug$1,706$2,059
Sep$1,788No data
Oct$1,815No data
Nov$1,795No data
Dec$1,943No data

Market temperature

The 40223 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.

hot

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 40223 is 12% lower than the national average.

40223vs.

$1,944

$2,200

Rent in 40223

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Frequently asked questions

1. What is the average rent in 40223?

The average rent in 40223 is $1,501.

2. How much does it cost to rent a house in 40223?

Houses in 40223 rent between $1,083 - $2,900 with an average rent of $1,501.

3. How has the rent in 40223 changed in the last year?

In the last year, the rent in 40223 increased by $84

4. How much has the rent in 40223 increased/decreased in the last month?

In the last month, the rent in 40223 increased by $4

5. How many available rentals are there in 40223?

There are currently 29 rentals available in 40223.

6. How do rent prices in 40223 compare with the national average?

The average rent in 40223 is $1,501 — Infinity% higher the national average of $0.