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RentData.org Logo Louisville Fair Market Rent FY 2020 Louisville, KY-IN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Louisville, IN :
$614 $713 $872 $1,174 $1,331
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Louisville are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Louisville is $872 per month.

The previous year, rent for a two-bedroom home was $853 per month. This is a 2.23% increase year-over-year.

This FMR rate applies to Bethlehem, KY, Hillview, KY, Lockport, KY, Eastwood, KY, Port Royal, KY, Sulphur, KY, Glenview, KY, Clermont, KY, Harrods Creek, KY, Masonic Home, KY and other cities within the region. The Metro Code or CBSA code for this region is METRO31140M31140.

Additionally, This Fair Market Rent (FMR) area Louisville, KY-IN HUD Metro FMR Area spans nine counties or cities in which ares listed in the table below. Estimated population of Louisville, KY-IN HUD Metro FMR Area FMR area is 1,180,840 people based on latest Census data.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Louisville. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Louisville

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 654
1-BR 1-Bedroom $ 760
2-BR 2-Bedroom $ 929
3-BR 3-Bedroom $ 1251
4-BR 4-Bedroom $ 1418
Change Year:

The counties, cities, towns, and regions listed below fall into the Louisville, KY-IN HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Louisville.

County / Region Est. Population
Clark County, IN Metro 114,895
Floyd County, IN Metro 76,480
Harrison County, IN Metro 39,450
Bullitt County, KY Metro 78,620
Henry County, KY Metro 15,675
Jefferson County, KY Metro 764,380
Oldham County, KY Metro 64,635
Spencer County, KY Metro 18,010
Trimble County, KY Metro 8,695
Zip Codes in Louisville, KY-IN HUD Metro FMR Area

There are 128 unique zip codes in this Fair Market Rent (FMR) area:

40007, 40010, 40013, 40014, 40018, 40019, 40023, 40025, 40026, 40027, 40031, 40032, 40036, 40041, 40047, 40050, 40055, 40056, 40057, 40058, 40059, 40065, 40068, 40070, 40071, 40077, 40109, 40110, 40118, 40129, 40150, 40165, 40177, 40201, 40202, 40203, 40204, 40205, 40206, 40207, 40208, 40209, 40210, 40211, 40212, 40213, 40214, 40215, 40216, 40217, 40218, 40219, 40220, 40221, 40222, 40223, 40225, 40228, 40229, 40232, 40233, 40241, 40242, 40243, 40245, 40250, 40251, 40252, 40253, 40255, 40256, 40257, 40258, 40259, 40261, 40266, 40268, 40269, 40270, 40272, 40280, 40281, 40282, 40283, 40285, 40289, 40291, 40292, 40299, 47104, 47106, 47107, 47110, 47111, 47112, 47114, 47115, 47117, 47119, 47120, 47122, 47124, 47125, 47126, 47129, 47130, 47131, 47135, 47136, 47138, 47141, 47142, 47143, 47146, 47147, 47150, 47151, 47160, 47161, 47162, 47163, 47164, 47165, 47166, 47172, 47177, 47190 and 47243

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