Akron, Ohio Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Akron, Ohio rental market.
Akron, Ohio
Average Apartment Rent
$1,118
Y-o-Y Change in Average
Apartment Rent
3.3%
As of March 2026
Compared to a year ago, Akron, Ohio apartments have recorded a 3.3% rent increase.
Akron, Ohio Average apartment rent trend
Akron, Ohio Average Apartment Rent
Akron, Ohio Apartment rent ranges
At 47.09%, apartments priced Under $1,000 represent the bulk of Akron, Ohio rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.09%.
Akron, Ohio Housing tenure**
Renters take up 50% of Akron, Ohio real estate, occupying a total of 41,930 units, while homeowners live in 42,005 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$33,116
Average household size of renter-occupied housing units**
2.21
Rental vacancy rate**
3.6%
Akron, Ohio Renter-occupied housing units by no. of bedrooms**
There are 14,653 rentals in Akron, Ohio with 2 beds making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 776 units. Overall, the median number of rooms in Akron, Ohio homes for rent is 4.7.
Akron, Ohio Renter-occupied units by age of householder**
Most condos for rent in Akron, Ohio are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Akron, Ohio Renter-occupied housing units by family type**
Akron, Ohio Renter-occupied housing units by the presence of own children**
A total of 19,296 apartments for rent in Akron, Ohio, or 46% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 13,089 units. All in all, the median size of a renter-occupied household in Akron, Ohio is 2.21.
Akron, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Akron, Ohio.
Akron, Ohio Renter-occupied units by year structure built**
The highest share of Akron, Ohio apartment rentals, namely 28% or 11,926 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (15%, 6,369 units), and the ones Built 1960 - 1969 (15%, 6,156 units).
Akron, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Akron, Ohio renters (45%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Akron, Ohio condos for rent is 2016.
Akron, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Akron, Ohio renters have 1 vehicle available per household, 22% of them have No vehicle available, and 19% have 2 vehicles available.
Akron, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Akron, Ohio Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Akron, Ohio apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
