Akron, OH Rental Market Trends
What is the average rent in Akron?
The average rent for an apartment in Akron is $888. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Akron, OH
|Average Rent||Average Apartment Size|
|$888||905 sq. ft.|
What is the average apartment size in Akron?
The average size for a Akron, OH apartment is 905 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
Akron, OH Occupied Housing Units
39,841 or 46% of the households in Akron, OH are renter-occupied while 45,099 or 53% are owner-occupied.
Akron, OH Rent Trends
|Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Jul / 2021||Aug / 2021|
Average Rent in Akron, OH By Neighborhood
|University of Akron||$1,055|
|Elizabeth Park Valley||$832|
What are the most affordable neighborhoods in Akron?
The most affordable neighborhoods in Akron are East Akron, where the average rent goes for $653/month, Kenmore, where renters pay $677/mo on average, and North Hill, where the average rent goes for $720/mo. If you’re looking for other great deals, check out the listings from Rolling Acres ($735), Firestone Park ($755), and Lane-Wooster ($770), where the asking prices are below the average Akron rent of $888/mo.
What are the most expensive neighborhoods in Akron?
The most expensive neighborhoods in Akron are South Akron ($1,049), University of Akron ($1,055) and Downtown Akron ($1,255).
What are the most popular neighborhoods in Akron?
The most popular neighborhood in Akron is Elizabeth Park Valley, where there are 4 verified RENTCafé listings with an average rent of $832. Next up is Highland Square, where apartments go for $868/month, followed by Merriman Valley with $883 If you’re looking to rent in Akron’s most popular neighborhoods, make sure to also check out Ellet, where renters pay $818 on average, and Northwest Akron, where the average monthly rent is $868.
Akron | Rent Comparison by Neighborhood
Rent in Chapel Hill is 38% lower than in Downtown Akron
Chapel Hill rent is 12% lower than Akron average
Downtown Akron rent is 41% higher than Akron average
How Akron Compares to Other Cities