40242 rental market

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Last updated August 20, 2025

Rental market summary

The average rent for 1 bedroom properties in 40242 is $995.

Average rent

$995

Month-over-month change

$0

Year-over-year change

-$121

Available rentals

5

Source: Zillow Rentals data

Rental price range

The price range for 1 bedroom properties is $800 to $1,387.

Rent frequencies
Rent priceNumber of rental properties
$7001
$8001
$9002
$1,0001
$1,100+1

Average rent price over time

In the last year, rent has decreased by $121 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,024$1,118
Feb$1,101$1,114
Mar$995$1,101
Apr$995$1,122
May$1,157$1,111
Jun$1,118$995
Jul$1,167$995
Aug$1,208$995
Sep$1,101No data
Oct$1,113No data
Nov$935No data
Dec$1,070No data

Market temperature

The 40242 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.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 40242 is 37% lower than the national average.

40242vs.

$995

$1,586

Rent in 40242

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Frequently asked questions

1. What is the average rent in 40242?

The average rent in 40242 is $1,450.

2. How much does it cost to rent a house in 40242?

Houses in 40242 rent between $800 - $2,345 with an average rent of $1,450.

3. How has the rent in 40242 changed in the last year?

In the last year, the rent in 40242 decreased by $150

4. How much has the rent in 40242 increased/decreased in the last month?

In the last month, the rent in 40242 did not change.

5. How many available rentals are there in 40242?

There are currently 13 rentals available in 40242.

6. How do rent prices in 40242 compare with the national average?

The average rent in 40242 is $1,450 — Infinity% higher the national average of $0.