Cincinnati, 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 Cincinnati, Ohio rental market.
Highlights
An apartment for rent in Cincinnati, Ohio typically goes for $1,364 per month, while a single-family home for rent in Cincinnati, Ohio has a monthly cost of around $1,499. Renter-occupied units make up 61% of the local housing market, while the rental vacancy rate in Cincinnati, Ohio is at 5.2.
Cincinnati, Ohio
Average Apartment Rent
$1,364
Y-o-Y Change in Average
Apartment Rent
2.6%
Average Single-Family Rent
$1,499
As of November 2024
Compared to a year ago, Cincinnati, Ohio apartments have recorded a 2.6% rent increase.
Cincinnati, Ohio Average apartment rent trend
Cincinnati, Ohio Average Apartment Rent
Cincinnati, Ohio Apartment rent ranges
At 43.92%, apartments priced $1,000 - $1,500 represent the bulk of Cincinnati, Ohio rentals, while condos priced Under $500 hold the lowest share of the market – 0.2%.
Cincinnati, Ohio Housing tenure**
Renters take up 61% of Cincinnati, Ohio real estate, occupying a total of 85,578 units, while homeowners live in 55,455 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$33,787
Average household size of renter-occupied housing units**
1.97
Rental vacancy rate**
5.2%
Cincinnati, Ohio Renter-occupied housing units by no. of bedrooms**
There are 34,289 rentals in Cincinnati, Ohio with 1 bed making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 1,171 units. Overall, the median number of rooms in Cincinnati, Ohio homes for rent is 3.9.
Cincinnati, Ohio Renter-occupied units by age of householder**
Most condos for rent in Cincinnati, Ohio are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Cincinnati, Ohio Renter-occupied housing units by family type**
Cincinnati, Ohio Renter-occupied housing units by the presence of own children**
A total of 28,862 apartments for rent in Cincinnati, Ohio, or 34% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 18,867 units. All in all, the median size of a renter-occupied household in Cincinnati, Ohio is 1.97.
Cincinnati, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 32% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Cincinnati, Ohio.
Cincinnati, Ohio Renter-occupied units by year structure built**
The highest share of Cincinnati, Ohio apartment rentals, namely 30% or 26,094 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (15%, 13,051 units), and the ones Built 1970 - 1979 (13%, 11,116 units).
Cincinnati, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Cincinnati, Ohio renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Cincinnati, Ohio condos for rent is 2017.
Cincinnati, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Cincinnati, Ohio renters have 1 vehicle available per household, 27% of them have No vehicle available, and 18% have 2 vehicles available.
Cincinnati, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Cincinnati, Ohio Geographical mobility in the past year for householders living in renter-occupied housing units**
Cincinnati, Ohio Average apartment rent by zip codes
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 Cincinnati, 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
