40223 rental market
Last updated August 28, 2025
Rental market summary
The average rent for 3 bedroom properties in 40223 is $1,646.
$1,646
-$449
-$139
8
Source: Zillow Rentals data
Rental price range
The price range for 3 bedroom properties is $1,599 to $3,248.
| Rent price | Number of rental properties |
|---|---|
| $1,500 | 1 |
| $1,600 | 4 |
| $1,900 | 2 |
| $2,100+ | 2 |
Average rent price over time
In the last year, rent has decreased by $139 compared to the previous year.
| 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 | $1,788 | No data |
| Oct | $1,815 | No data |
| Nov | $1,795 | No data |
| Dec | $1,943 | No 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.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in 40223 is 25% lower than the national average.
$1,646
$2,200
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Frequently asked questions
1. What is the average rent in 40223?
The average rent in 40223 is $1,474.
2. How much does it cost to rent a house in 40223?
Houses in 40223 rent between $1,083 - $2,950 with an average rent of $1,474.
3. How has the rent in 40223 changed in the last year?
In the last year, the rent in 40223 increased by $28
4. How much has the rent in 40223 increased/decreased in the last month?
In the last month, the rent in 40223 increased by $105
5. How many available rentals are there in 40223?
There are currently 23 rentals available in 40223.
6. How do rent prices in 40223 compare with the national average?
The average rent in 40223 is $1,474 — Infinity% higher the national average of $0.