Lancaster, OH Rental Market Trends
Highlights
The average rent for an apartment in Lancaster is $800, a 1% increase compared to the previous year, when the average rent was $796.
Average Rent in Lancaster, OH
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $800 | 1% | 904 sq. ft. |
The average size for a Lancaster, OH apartment is 904 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-$70021%
- $701-$1,00063%
- $1,001-$1,50013%
Lancaster, OH Occupied Housing Units
- Renter-occupied Households39%
- Owner-occupied Households60%
6,332 or 39% of the households in Lancaster, OH are renter-occupied while 9,873 or 60% are owner-occupied.
Lancaster, OH Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Lancaster, OH | $714 | $744 | $754 | $742 | $742 | $796 | $787 | $797 | $800 |
| National | $1,347 | $1,379 | $1,381 | $1,384 | $1,420 | $1,429 | $1,433 | $1,469 |
How Lancaster Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Cincinnati | $1,028 | 6% |
| Columbus | $941 | 3% |
| Dayton | $797 | 7% |
| Northwest Ohio | $784 | 5% |
| Cleveland | $1,098 | 3% |
| Canal Winchester | $999 | 3% |
| Pickerington | $1,073 | 3% |
| Lancaster | $800 | 1% |
| Etna | $1,178 | 8% |
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!