Ohio rent price analysis

Rental Market Reports > Single-Family Home Reports > Ohio

This rental market report examines the average rent in Ohio for five of the most analyzed cities on Rentometer in Q2 2023.

Summary - Year-Over-Year Rent Change

This rental market report highlights the Q2 2023 average rent prices for three-bedroom (3-BR) single-family rentals (SFRs) in these five Ohio cities: Cincinnati, Cleveland, Columbus, Dayton, and Toledo.

According to our data, Dayton had the largest year-over-year rent price increase of 8%, while Columbus had the smallest increase of 3%. 

Methodology

  • Geography: This report considers rent changes in Rentometer’s five most analyzed SFR markets in Ohio during Q2 2023.

  • Property Type: 3-BR SFRs with all bathroom counts.

  • Analysis: Rent data was analyzed year-over-year for each city.

  • Data: New rents collected at the beginning and end of each quarter are reported, excluding outliers below $500 and above $10,000.

Year-Over-Year Change in Average Rent: 3-BR SFRs

Rent prices in these five Ohio cities experienced the following year-over-year rent increases in Q2 2023:

  • The average Dayton rent price is $1,403 with a year-over-year rent price increase of 8%
  • The average Cleveland rent price is $1,394 with a year-over-year rent price increase of 8%
  • The average Toledo rent price is $1,150 with a year-over-year rent price increase of 7%
  • The average Cincinnati rent price is $1,819 with a year-over-year rent price increase of 5%
  • The average Columbus rent price is $1,729 with a year-over-year rent price increase of 3%
City/State Q2 2022
Average Rent
Q2 2023
Average Rent
YoY %
Change
Dayton, OH $1,296 $1,403 8%
Cleveland, OH $1,296 $1,394 8%
Toledo, OH $1,076 $1,150 7%
Cincinnati, OH $1,731 $1,819 5%
Columbus, OH $1,673 $1,729 3%

 

 

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Please note the research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated with Rentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, either expressed or implied.