Rent by ZIP · Jefferson County
Rent in Louisville, KY 40242
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,450 (-1.4% vs FY2026). Renters in this ZIP code pay a median $1,314 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,110 | $1,120 | -0.9% | $999–1,221 | – |
| 1 bedroom | $1,200 | $1,210 | -0.8% | $1,080–1,320 | $1,096 ±$57 |
| 2 bedrooms | $1,450 | $1,470 | -1.4% | $1,305–1,595 | $1,338 ±$89 |
| 3 bedrooms | $1,850 | $1,880 | -1.6% | $1,665–2,035 | $1,627 ±$148 |
| 4 bedrooms | $2,130 | $2,180 | -2.3% | $1,917–2,343 | $2,250 ±$61 |
Small Area FMRs for the Louisville, KY-IN HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Louisville, KY-IN HUD Metro FMR Area, 2 bedrooms: $1,276.
What renters pay in 40242
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 40241 | Louisville | $1,640 | $1,449 |
| 40243 | Louisville | $1,480 | $1,499 |
| 40245 | Louisville | $1,820 | $1,682 |
| 40229 | Louisville | $1,480 | $1,292 |
| 40228 | Louisville | $1,580 | $1,406 |
| 40258 | Louisville | $1,300 | $1,066 |
Fair Market Rents across Jefferson County, KY · All KY counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.