North Olmsted, 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 North Olmsted, Ohio rental market.
North Olmsted, Ohio
Average Apartment Rent
$1,254
Y-o-Y Change in Average
Apartment Rent
2.9%
As of March 2026
Compared to a year ago, North Olmsted, Ohio apartments have recorded a 2.9% rent increase.
North Olmsted, Ohio Average apartment rent trend
North Olmsted, Ohio Average Apartment Rent
North Olmsted, Ohio Apartment rent ranges
At 69.51%, apartments priced $1,000 - $1,500 represent the bulk of North Olmsted, Ohio rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 0.45%.
North Olmsted, Ohio Housing tenure**
Renters take up 23% of North Olmsted, Ohio real estate, occupying a total of 2,994 units, while homeowners live in 10,146 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$45,472
Average household size of renter-occupied housing units**
2.19
Rental vacancy rate**
2.2%
North Olmsted, Ohio Renter-occupied housing units by no. of bedrooms**
There are 1,528 rentals in North Olmsted, Ohio with 2 beds making up the highest share of the market, at 51%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 49 units. Overall, the median number of rooms in North Olmsted, Ohio homes for rent is 4.2.
North Olmsted, Ohio Renter-occupied units by age of householder**
Most condos for rent in North Olmsted, Ohio are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
North Olmsted, Ohio Renter-occupied housing units by family type**
North Olmsted, Ohio Renter-occupied housing units by the presence of own children**
A total of 1,380 apartments for rent in North Olmsted, Ohio, or 46% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 789 units. All in all, the median size of a renter-occupied household in North Olmsted, Ohio is 2.19.
North Olmsted, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in North Olmsted, Ohio.
North Olmsted, Ohio Renter-occupied units by year structure built**
The highest share of North Olmsted, Ohio apartment rentals, namely 37% or 1,121 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (22%, 667 units), and the ones Built 1950 - 1959 (15%, 452 units).
North Olmsted, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most North Olmsted, Ohio renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their North Olmsted, Ohio condos for rent is 2016.
North Olmsted, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of North Olmsted, Ohio renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 13% have No vehicle available.
North Olmsted, Ohio Means of transportation to work of householders living in renter-occupied housing units**
North Olmsted, 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 North Olmsted, 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
