40242 rental market

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Last updated August 11, 2025

Rental market summary

The average rent for 2 bedroom properties in 40242 is $1,228.

Average rent

$1,228

Month-over-month change

+$65

Year-over-year change

-$80

Available rentals

6

Source: Zillow Rentals data

Rental price range

The price range for 2 bedroom properties is $995 to $1,550.

Rent frequencies
Rent priceNumber of rental properties
$9001
$1,1001
$1,2002
$1,3001
$1,500+1

Average rent price over time

In the last year, rent has decreased by $80 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,217$1,025
Feb$1,271$999
Mar$1,311$1,300
Apr$1,411$1,279
May$1,347$1,408
Jun$1,399$1,334
Jul$1,395$1,220
Aug$1,304$1,156
Sep$1,270No data
Oct$1,100No data
Nov$1,387No data
Dec$1,333No 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 35% lower than the national average.

40242vs.

$1,228

$1,895

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 $957 - $2,395 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 increased by $57

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.