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Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.

Lancaster, OH Rental Market Trends

Highlights

The average rent for an apartment in Lancaster is $877, a 10% increase compared to the previous year, when the average rent was $800.

Average Rent in Lancaster, OH

Last updated January 2021
Average Rent Y-o-Y Change Average Apartment Size
$877 10% 920 sq. ft.

The average size for a Lancaster, OH apartment is 920 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.

Lancaster, OH Apartment Rent Ranges

  • < $5002%
  • $501-$70022%
  • $701-$1,00054%
  • $1,001-$1,50021%
  • $1,501-$2,0001%

Lancaster, OH Occupied Housing Units

  • Renter-occupied Households39%
  • Owner-occupied Households60%

6,455 or 39% of the households in Lancaster, OH are renter-occupied while 9,800 or 60% are owner-occupied.

Lancaster, OH Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Jan / 2021
Lancaster, OH $742 $742 $796 $787 $797 $800 $853 $842 $877
National $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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Access comprehensive real estate data and information on Yardi Matrix

How Lancaster Compares to Other Cities

Average Rent Y-o-Y Change
Columbus $972 2%
Cincinnati $1,030 2%
Northwest Ohio $802 2%
Cleveland $1,134 1%
Dayton $829 4%
Reynoldsburg $949 5%
Canal Winchester $1,062 6%
Lancaster $877 10%
Circleville $739 6%
Groveport $1,004 9%
Pickerington $1,233 15%

For more information about the Lancaster rental trends, check out our monthly rent report

Check out Ohio Cities, Ohio Neighborhoods and Ohio Zip Codes for more details on verified listings, including the Ohio Average Rent.

Curious about listings in your area? Check out our apartments near you for more details!

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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 Lancaster 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.