40516 rental market
Last updated August 25, 2025
Rental market summary
The average rent for all bedrooms and all property types in 40516 is $1,500.
$1,500
+$150
+$120
1
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,500 to $1,500.
| Rent price | Number of rental properties |
|---|---|
| $1,400 | 1 |
| $1,500+ | 1 |
Average rent price over time
In the last year, rent has increased by $120 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,500 | $1,495 |
| Feb | $1,599 | $1,495 |
| Mar | $1,380 | $1,495 |
| Apr | $1,480 | $1,495 |
| May | $1,450 | $1,725 |
| Jun | $1,380 | $1,395 |
| Jul | $1,380 | No data |
| Aug | $995 | No data |
| Sep | $2,200 | No data |
| Oct | $1,850 | No data |
| Nov | $1,350 | No data |
Market temperature
The 40516 rental market temperature is WARM. 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 40516 is 29% lower than the national average.
$1,500
$2,100
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Frequently asked questions
1. What is the average rent in 40516?
The average rent in 40516 is $1,500.
2. How much does it cost to rent a house in 40516?
Houses in 40516 rent between $1,500 - $1,500 with an average rent of $1,500.
3. How has the rent in 40516 changed in the last year?
In the last year, the rent in 40516 increased by $120
4. How much has the rent in 40516 increased/decreased in the last month?
In the last month, the rent in 40516 increased by $150
5. How many available rentals are there in 40516?
There are currently 1 rentals available in 40516.
6. How do rent prices in 40516 compare with the national average?
The average rent in 40516 is $1,500 — 28.57% lower the national average of $2,100.