40516 rental market

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Last updated August 22, 2025

Rental market summary

The average rent for 2 bedroom properties in 40516 is $1,549.

Average rent

$1,549

Month-over-month change

+$199

Year-over-year change

+$169

Available rentals

1

Source: Zillow Rentals data

Rental price range

The price range for 2 bedroom properties is $1,549 to $1,549.

Rent frequencies
Rent priceNumber of rental properties
$1,500+1

Average rent price over time

In the last year, rent has increased by $169 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,250$1,495
Mar$1,380$1,495
Apr$1,280$1,495
May$1,450$1,495
Jun$1,380$1,150
Jul$1,380No data
Aug$1,380No data
Sep$1,450No data
Nov$1,350No 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.

warm

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 40516 is 18% lower than the national average.

40516vs.

$1,549

$1,892

Rent in 40516

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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 — Infinity% higher the national average of $0.