Akron, OH Rental Market Trends
The average rent for an apartment in Akron is $846, a 2% increase compared to the previous year.
Average Rent in Akron, OH
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$846||2%||913 sq. ft.|
The average size for a Akron, OH apartment is 913 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Akron, OH Apartment Rent Ranges
- < $5002%
- > $2,0002%
Akron, OH Occupied Housing Units
- Renter-occupied Households46%
- Owner-occupied Households53%
39,274 or 46% of the households in Akron, OH are renter-occupied while 45,487 or 53% are owner-occupied.
Akron, OH Rent Trends
|Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
Average Rent in Akron, OH By Neighborhood
|Elizabeth Park Valley||$801|
|University of Akron||$1,027|
The most affordable neighborhoods in Akron are East Akron, where the average rent goes for $629/month, Kenmore, where renters pay $643/mo on average, and Rolling Acres, where the average rent goes for $690/mo. If you’re looking for other great deals, check out the listings from North Hill ($696), Lane-Wooster ($720), and Ellet ($722), where the asking prices are below the average Akron rent of $846/mo.
The most expensive neighborhoods in Akron are University of Akron ($1,027), Goodyear Heights ($1,039) and Downtown Akron ($1,226).
The most popular neighborhood in Akron is Elizabeth Park Valley, where there are 6 verified RENTCafé listings with an average rent of $801. Next up is Highland Square, where apartments go for $829/month, followed by Merriman Valley with $840 If you’re looking to rent in Akron’s most popular neighborhoods, make sure to also check out Lane-Wooster, where renters pay $720 on average, and North Hill, where the average monthly rent is $696.
Akron | Rent Comparison by Neighborhood
Rent in Chapel Hill is 38% lower than in Downtown Akron
Chapel Hill rent is 10% lower than Akron average
Downtown Akron rent is 45% higher than Akron average
How Akron Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Akron rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!