Columbus city, 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 Columbus city, Ohio rental market.
An apartment for rent in Columbus city, Ohio typically goes for $959 per month, while a single-family home for rent in Columbus city, Ohio has a monthly cost of around $1,464. Renter-occupied units make up 55% of the local housing market, while the rental vacancy rate in Columbus city, Ohio is at 5.1.
Columbus city, Ohio
Average Apartment Rent
Y-o-Y Change in Apartment Rent
Average Single Family Rent
Compared to a year ago, Columbus city, Ohio apartments have recorded a 3.79% rent increase.
Columbus city, Ohio |Median apartment rent trend
Columbus city, Ohio| Average apartment rent by city
Columbus city, Ohio | Apartment rent ranges
At 46.12%, apartments priced $700 - $1000 represent the bulk of Columbus city, Ohio rentals, while condos priced under $500 hold the lowest share of the market – 1.05%.
Columbus city, Ohio | Housing tenure
Renters take up 55% of Columbus city, Ohio real estate, occupying a total of 194,988 units, while homeowners live in 157,555 properties.
Median number of rooms of renter-occupied housing units
Renter Median household income
Average household size of renter occupied-housing units
Rental vacancy rate
Columbus city, Ohio | Renter-occupied housing units by no. of bedrooms
There are 94,629 rentals in Columbus city, Ohio with 2 beds making up the highest share of the market, at 49%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 1,225 units. Overall, the median number of rooms in Columbus city, Ohio homes for rent is 4.2.
Columbus city, Ohio |Renter-occupied units by age of householder
Most condos for rent in Columbus city, Ohio are occupied by residents in the 25 - 34 years age group (35%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Columbus city, Ohio | Renter-occupied housing units by family type
Columbus city, Ohio | Renter-occupied housing units by the presence of own children
A total of 87,992 apartments for rent in Columbus city, Ohio, or 45% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 54,983 units. All in all, the median size of a renter-occupied household in Columbus city, Ohio is 2.33.
Columbus city, Ohio | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Columbus city, Ohio.
Columbus city, Ohio | Renter-occupied units by year structure built
The highest share of Columbus city, Ohio apartment rentals, namely 17% or 33,371 units, were built 1970 - 1979, followed by those built 1990 - 1999 (15%, 30,102 units), and the ones built 1980 - 1989 (14%, 27,018 units).
Columbus city, Ohio | Renter-occupied units by year householder moved in
Median year renter moved into unit2014
Most Columbus city, Ohio renters (47%) moved in 2010 to 2014, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Columbus city, Ohio condos for rent is 2014.
Columbus city, Ohio | Renter-occupied housing units by vehicles available
When it comes to transportation options, 50% of Columbus city, Ohio renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 14% have no vehicle available.
Columbus city, Ohio | Means of transportation to work of householders living in renter-occupied housing units
Columbus city, Ohio |Geographical mobility in the past year for householders living in renter-occupies housing units
Columbus city, 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 Columbus city, 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.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates