40207 renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in 40207 is about $1,513 per month. This puts it in the 99th percentile compared to the state average cost of rent, which is $856. Households in 40207 have a median income of $9,240 per month so the average renter in 40207 is spending roughly 16% of their earnings on housing.
Nationally, and in 40207, home values are the data point most closely correlated with the cost of rent. The median price of a home in 40207 is $358,157 right now, which is higher than nearby zip codes, meaning that rents in 40207 also tend to be higher versus these nearby zip codes.
Higher rent prices are common in the northeastern parts of 40207 while lower rent rates are often available in southwestern areas.
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