Richmond Heights, 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 Richmond Heights, Ohio rental market.
Richmond Heights, Ohio
Average Apartment Rent
$958
Y-o-Y Change in Average
Apartment Rent
1.9%
As of July 2026
Compared to a year ago, Richmond Heights, Ohio apartments have recorded a 1.9% rent increase.
Richmond Heights, Ohio Average apartment rent trend
Richmond Heights, Ohio Average Apartment Rent
Richmond Heights, Ohio Apartment rent ranges
At 66.36%, apartments priced Under $1,000 represent the bulk of Richmond Heights, Ohio rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 33.64%.
Richmond Heights, Ohio Housing tenure**
Renters take up 37% of Richmond Heights, Ohio real estate, occupying a total of 1,846 units, while homeowners live in 3,137 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$38,353
Average household size of renter-occupied housing units**
1.8
Rental vacancy rate**
10%
Richmond Heights, Ohio Renter-occupied housing units by no. of bedrooms**
There are 850 rentals in Richmond Heights, Ohio with 1 bed making up the highest share of the market, at 46%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 19 units. Overall, the median number of rooms in Richmond Heights, Ohio homes for rent is 3.6.
Richmond Heights, Ohio Renter-occupied units by age of householder**
Most condos for rent in Richmond Heights, Ohio are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Richmond Heights, Ohio Renter-occupied housing units by family type**
Richmond Heights, Ohio Renter-occupied housing units by the presence of own children**
A total of 591 apartments for rent in Richmond Heights, Ohio, or 32% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 396 units. All in all, the median size of a renter-occupied household in Richmond Heights, Ohio is 1.8.
Richmond Heights, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 17% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Richmond Heights, Ohio.
Richmond Heights, Ohio Renter-occupied units by year structure built**
The highest share of Richmond Heights, Ohio apartment rentals, namely 40% or 744 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (16%, 295 units), and the ones Built 1970 - 1979 (13%, 248 units).
Richmond Heights, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Richmond Heights, Ohio renters (59%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Richmond Heights, Ohio condos for rent is 2016.
Richmond Heights, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 59% of Richmond Heights, Ohio renters have 1 vehicle available per household, 22% of them have No vehicle available, and 16% have 2 vehicles available.
Richmond Heights, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Richmond Heights, 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 Richmond Heights, 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
