40507 rental market

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Last updated August 21, 2025

Rental market summary

The average rent for all bedrooms and all property types in 40507 is $1,350.

Average rent

$1,350

Month-over-month change

-$450

Year-over-year change

-$400

Available rentals

12

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $995 to $2,450.

Rent frequencies
Rent priceNumber of rental properties
$9002
$1,0001
$1,2002
$1,3002
$1,4001
$1,6001
$1,8001
$1,9002
$2,1001
$2,400+1

Average rent price over time

In the last year, rent has decreased by $400 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,395$1,700
Feb$1,375$1,528
Mar$1,500$1,650
Apr$1,250$1,500
May$1,050$1,385
Jun$1,500$1,450
Jul$1,286$1,263
Aug$1,470$1,496
Sep$1,750No data
Oct$1,800No data
Nov$1,413No data
Dec$1,750No data

Market temperature

The 40507 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 40507 is 36% lower than the national average.

40507vs.

$1,350

$2,100

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Frequently asked questions

1. What is the average rent in 40507?

The average rent in 40507 is $1,350.

2. How much does it cost to rent a house in 40507?

Houses in 40507 rent between $995 - $2,450 with an average rent of $1,350.

3. How has the rent in 40507 changed in the last year?

In the last year, the rent in 40507 decreased by $400

4. How much has the rent in 40507 increased/decreased in the last month?

In the last month, the rent in 40507 decreased by $450

5. How many available rentals are there in 40507?

There are currently 12 rentals available in 40507.

6. How do rent prices in 40507 compare with the national average?

The average rent in 40507 is $1,350 — 35.71% lower the national average of $2,100.