40047 rental market

What is the average rent in 40047?

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Last updated August 9, 2026

Rental market summary

The average rent for all bedrooms and all property types in 40047 is $1,650.

Average rent

$1,650

Month-over-month change

-$175

Year-over-year change

-$75

Available rentals

16

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $865 to $2,275.

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Rent frequencies
Rent priceNumber of rental properties
$8001
$1,3006
$1,6003
$1,7003
$1,8002
$2,0002
$2,200+1

Average rent price over time

In the last year, rent has decreased by $75 compared to the previous year.

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Average rent price over time
Last year (2025)This year (2026)
Jan$1,299$1,700
Feb$1,299$1,340
Mar$1,299$1,499
Apr$1,299$1,700
May$1,299$1,900
Jun$1,130$1,800
Jul$1,675$1,650
Aug$1,725$1,350
Sep$1,175No data
Oct$1,304No data
Nov$1,750No data
Dec$1,429No data

Market temperature

The 40047 rental market temperature is HOT. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

hot

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 40047 is 18% lower than the national average.

40047vs.

$1,650

$2,004

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Frequently asked questions

1. What is the average rent in 40047?

The average rent in 40047 is $1,650.

2. What is the average rent for a one-bedroom apartment in 40047?

The average rent for a one-bedroom apartment in 40047 is $975 per month.

3. What is the average rent for a two-bedroom apartment in 40047?

The average rent for a two-bedroom apartment in 40047 is $865 per month.

4. What is the average rent for a three-bedroom apartment in 40047?

The average rent for a three-bedroom apartment in 40047 is $1,650 per month.

5. What is the average rent for a four-bedroom apartment in 40047?

The average rent for a four-bedroom apartment in 40047 is $1,675 per month.

6. How much does it cost to rent a house in 40047?

Houses in 40047 rent between $865 - $2,275 with an average rent of $1,650.

7. How has the rent in 40047 changed in the last year?

In the last year, the rent in 40047 decreased by $75

8. How much has the rent in 40047 increased/decreased in the last month?

In the last month, the rent in 40047 decreased by $175

9. How many available rentals are there in 40047?

There are currently 16 rentals available in 40047.

10. How do rent prices in 40047 compare with the national average?

The average rent in 40047 is $1,650 — 17.66% lower the national average of $2,004.

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