Louisville, KY Rental Market
Louisville is Kentucky's largest city and one of the Midwest-South's most important logistics hubs, home to UPS Worldport — the world's largest fully automated package handling facility — which processes over 1.5 million packages per day. Beyond logistics, Louisville is the global capital of the American bourbon industry, a major healthcare market anchored by Norton Healthcare and Baptist Health, and home to the legendary Churchill Downs. Affordable home values and stable employment create a solid foundation for rental investors.
Get a rent estimate for an address in LouisvilleAverage Rent in Louisville, KY
$1,120
per month · 2026-06
Market Score
Key Facts — Louisville, KY Rental Market
- Average rent in Louisville, KY:$1,120/mo
- Median rent:$1,030/mo
- Rent range:$550 – $2,450/mo
- Most common rental (2 bedrooms):$975/mo
- Active listings:1,800
- Avg days to lease:31 days
- Year-over-year change:+3.0%
- Median home value:$195,000
- Est. gross annual yield:6.9%
- Data as of:2026-06
Rent by Bedroom in Louisville, KY
Average monthly rent for each bedroom type based on current active listings in Louisville.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $800/mo |
2 Bedrooms | $975/mo |
3 Bedrooms | $1,250/mo |
4 Bedrooms | $1,550/mo |
5 Bedrooms | $1,775/mo |
Louisville Rental Market Statistics
Key indicators from the current Louisville, KY rental market.
1,800
Available now in Louisville
31
From list to lease
$0.90
Average across listings
1,250 sq ft
Typical rental size
$550 – $2,450
Min to max active listings
+3.0%
Avg rent vs. prior year
Investing in Louisville, KY Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$195,000
Typical purchase price in Louisville
Est. Gross Annual Yield
6.9%
Before expenses & vacancy
Avg Monthly Income
$1,120
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Louisville for a full cash-flow breakdown including all costs.
Louisville, KY Rental Market FAQ
Common questions about renting and investing in Louisville, KY.
What is the average rent in Louisville, KY?
The average rent in Louisville, KY is $1,120 per month as of 2026. One-bedroom apartments average $800/mo, two-bedrooms $975/mo, and three-bedroom homes $1,250/mo. Neighborhoods like NuLu, Highlands, and Germantown command a premium, while suburban areas like St. Matthews and Jeffersontown offer family-oriented options at moderate rents.
Is Louisville, KY a good place to invest in rental property?
Louisville offers a 6.9% estimated gross annual yield with a deeply diversified economy spanning logistics (UPS Worldport), bourbon production, healthcare, and manufacturing. Low median home values (~$195,000) provide accessible entry points, and consistent demand from a large workforce ensures steady occupancy across rent tiers.
What drives rental demand in Louisville, KY?
Louisville's rental market is anchored by UPS Worldport — the world's busiest air cargo hub employing over 20,000 in the metro — along with bourbon industry giants (Brown-Forman, Beam Suntory), Norton Healthcare, Baptist Health, and the University of Louisville. The city's diverse economy buffers the market against single-sector downturns, providing stable year-round occupancy.
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