Columbus, 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, Ohio rental market.
Highlights
An apartment for rent in Columbus, Ohio typically goes for $1,225 per month, while a single-family home for rent in Columbus, Ohio has a monthly cost of around $1,706. Renter-occupied units make up 55% of the local housing market, while the rental vacancy rate in Columbus, Ohio is at 4.5.
Columbus, Ohio
Average Apartment Rent
$1,225
Y-o-Y Change in Average
Apartment Rent
4.7%
Average Single-Family Rent
$1,706
As of July 2023
Compared to a year ago, Columbus, Ohio apartments have recorded a 4.7% rent increase.
Columbus, Ohio |Average apartment rent trend
Columbus, Ohio| Average apartment rent
Columbus, Ohio | Apartment rent ranges
At 45.21%, apartments priced $1,000 - $1,500 represent the bulk of Columbus, Ohio rentals, while condos priced Under $500 hold the lowest share of the market – 0.18%.
Columbus, Ohio | Housing tenure**
Renters take up 55% of Columbus, Ohio real estate, occupying a total of 199,936 units, while homeowners live in 162,690 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$41,628
Average household size of renter-occupied housing units**
2.3
Rental vacancy rate**
4.5%
Columbus, Ohio | Renter-occupied housing units by no. of bedrooms**
There are 96,807 rentals in Columbus, Ohio with 2 beds making up the highest share of the market, at 48%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 1,182 units. Overall, the median number of rooms in Columbus, Ohio homes for rent is 4.2.
Columbus, Ohio |Renter-occupied units by age of householder**
Most condos for rent in Columbus, 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 85 years and over age group make up the lowest share of the local rental market – 1%.
Columbus, Ohio | Renter-occupied housing units by family type**
Columbus, Ohio | Renter-occupied housing units by the presence of own children**
A total of 87,754 apartments for rent in Columbus, Ohio, or 44% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 54,226 units. All in all, the median size of a renter-occupied household in Columbus, Ohio is 2.3.
Columbus, Ohio | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Columbus, Ohio.
Columbus, Ohio | Renter-occupied units by year structure built**
The highest share of Columbus, Ohio apartment rentals, namely 16% or 32,415 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (15%, 30,649 units), and the ones Built 1980 - 1989 (14%, 28,725 units).
Columbus, Ohio | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Columbus, Ohio renters (53%) moved in 2015 to 2016, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Columbus, Ohio condos for rent is 2016.
Columbus, Ohio | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Columbus, Ohio renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 13% have No vehicle available.
Columbus, Ohio | Means of transportation to work of householders living in renter-occupied housing units**
Columbus, Ohio |Geographical mobility in the past year for householders living in renter-occupied housing units**
Columbus, 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, 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, 2020 American Community Survey 5-Year Estimates
