Elmwood Place, 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 Elmwood Place, Ohio rental market.
Elmwood Place, Ohio
Average Apartment Rent
$1,460
Y-o-Y Change in Average
Apartment Rent
2.6%
As of March 2026
Compared to a year ago, Elmwood Place, Ohio apartments have recorded a 2.6% rent increase.
Elmwood Place, Ohio Average apartment rent trend
Elmwood Place, Ohio Average Apartment Rent
Elmwood Place, Ohio Apartment rent ranges
At 42.75%, apartments priced $1,000 - $1,500 represent the bulk of Elmwood Place, Ohio rentals, while condos priced Over $3,000 hold the lowest share of the market – 2.33%.
Elmwood Place, Ohio Housing tenure**
Renters take up 54% of Elmwood Place, Ohio real estate, occupying a total of 418 units, while homeowners live in 352 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$23,500
Average household size of renter-occupied housing units**
3.21
Rental vacancy rate**
9.1%
Elmwood Place, Ohio Renter-occupied housing units by no. of bedrooms**
There are 150 rentals in Elmwood Place, Ohio with 1 bed making up the highest share of the market, at 36%. Units with No bedrooms, on the other hand, hold the lowest percentage (11%), amounting to 44 units. Overall, the median number of rooms in Elmwood Place, Ohio homes for rent is 3.8.
Elmwood Place, Ohio Renter-occupied units by age of householder**
Most condos for rent in Elmwood Place, Ohio are occupied by residents in the 45 - 54 years age group (30%), followed by those in the 65 - 74 years age group (28%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Elmwood Place, Ohio Renter-occupied housing units by family type**
Elmwood Place, Ohio Renter-occupied housing units by the presence of own children**
A total of 198 apartments for rent in Elmwood Place, Ohio, or 47% of all rentals are family households. Additionally, 40% of rental homes include children under the age of 18 – that’s 167 units. All in all, the median size of a renter-occupied household in Elmwood Place, Ohio is 3.21.
Elmwood Place, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 3% of the rental market. In contrast, residents with less than a high school degree reside in 31% of the homes for rent in Elmwood Place, Ohio.
Elmwood Place, Ohio Renter-occupied units by year structure built**
The highest share of Elmwood Place, Ohio apartment rentals, namely 42% or 174 units, were Built 1939 or earlier, followed by those Built 1940 - 1949 (21%, 86 units), and the ones Built 1960 - 1969 (14%, 58 units).
Elmwood Place, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Elmwood Place, Ohio renters (41%) moved in 2010 to 2017, while only 8% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Elmwood Place, Ohio condos for rent is 2016.
Elmwood Place, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 35% of Elmwood Place, Ohio renters have No vehicle available per household, 34% of them have 1 vehicle available, and 22% have 2 vehicles available.
Elmwood Place, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Elmwood Place, 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 Elmwood Place, 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
