Olmsted Falls, 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 Olmsted Falls, Ohio rental market.
Olmsted Falls, Ohio
Average Apartment Rent
$1,371
Y-o-Y Change in Average
Apartment Rent
1.1%
As of March 2026
Compared to a year ago, Olmsted Falls, Ohio apartments have recorded a 1.1% rent increase.
Olmsted Falls, Ohio Average apartment rent trend
Olmsted Falls, Ohio Average Apartment Rent
Olmsted Falls, Ohio Apartment rent ranges
At 79.78%, apartments priced $1,000 - $1,500 represent the bulk of Olmsted Falls, Ohio rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 4.46%.
Olmsted Falls, Ohio Housing tenure**
Renters take up 15% of Olmsted Falls, Ohio real estate, occupying a total of 562 units, while homeowners live in 3,150 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$60,833
Average household size of renter-occupied housing units**
2.56
Olmsted Falls, Ohio Renter-occupied housing units by no. of bedrooms**
There are 188 rentals in Olmsted Falls, Ohio with 1 bed making up the highest share of the market, at 33%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 8 units. Overall, the median number of rooms in Olmsted Falls, Ohio homes for rent is 4.4.
Olmsted Falls, Ohio Renter-occupied units by age of householder**
Most condos for rent in Olmsted Falls, Ohio are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 65 - 74 years age group (15%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 1%.
Olmsted Falls, Ohio Renter-occupied housing units by family type**
Olmsted Falls, Ohio Renter-occupied housing units by the presence of own children**
A total of 254 apartments for rent in Olmsted Falls, Ohio, or 45% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 160 units. All in all, the median size of a renter-occupied household in Olmsted Falls, Ohio is 2.56.
Olmsted Falls, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 31% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Olmsted Falls, Ohio.
Olmsted Falls, Ohio Renter-occupied units by year structure built**
The highest share of Olmsted Falls, Ohio apartment rentals, namely 32% or 181 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (19%, 104 units), and the ones Built 1980 - 1989 (18%, 102 units).
Olmsted Falls, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Olmsted Falls, Ohio renters (52%) moved in 2010 to 2017, while only 1% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Olmsted Falls, Ohio condos for rent is 2017.
Olmsted Falls, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Olmsted Falls, Ohio renters have 1 vehicle available per household, 41% of them have 2 vehicles available, and 7% have 3 vehicles available.
Olmsted Falls, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Olmsted Falls, 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 Olmsted Falls, 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
