Rental market trends in Akron, OH
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Average Apartment Cost in Akron, OH
Apartment Rent Ranges in Akron, OH
| Apartment Prices | Proportion | |||
|---|---|---|---|---|
14% | 44% | 32% | 4% | 6% |
Neighborhood Apartment Rent Trends in Akron, OH
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Downtown | $973 | -14% |
| Wallhaven | $737 | 0% |
| Highland Square | $625 | -- |
| Chapel Hill | $575 | -- |
| Northwest Akron | $540 | 0% |
| University Park | $535 | +2% |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Goodyear Heights | $975 | -- |
| West Akron | $900 | -- |
| Highland Square | $875 | +11% |
| Wallhaven | $847 | +9% |
| Merriman Valley | $807 | +11% |
| Kenmore | $750 | -- |
| Downtown | $721 | -- |
| North Hill | $700 | -- |
| Middlebury | $675 | -- |
| Chapel Hill | $675 | -- |
| Northwest Akron | $670 | 0% |
| East Akron | $650 | -- |
| University Park | $599 | +3% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Downtown | $1,255 | +12% |
| Highland Square | $1,095 | +2% |
| Northwest Akron | $1,000 | -- |
| North Hill | $975 | -- |
| Wallhaven | $922 | +7% |
| Merriman Valley | $905 | +15% |
| West Akron | $900 | -- |
| Chapel Hill | $762 | -- |
| South Akron | $725 | -- |
| University Park | $700 | -30% |
| Kenmore | $675 | -- |
| Middlebury | $650 | -- |
| Summit Lake | $650 | 0% |
| East Akron | $625 | -- |
How Other Cities Compare to Akron, OH
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Beachwood | $1,710 | +21% |
| Westlake | $1,601 | -10% |
| North Olmsted | $1,568 | 0% |
| Rocky River | $1,418 | -- |
| Mentor | $1,350 | -3% |
| Cleveland | $1,007 | +6% |
| Lakewood | $940 | +24% |
| Ashland | $925 | +9% |
| Kent | $850 | 0% |
| Strongsville | $810 | -- |
| North Royalton | $769 | -8% |
| Cuyahoga Falls | $670 | 0% |
| Cleveland Heights | $670 | -55% |
| Euclid | $655 | +12% |
| Medina | $629 | +5% |
| Youngstown | $582 | +6% |
| Elyria | $580 | +6% |
| Canton | $570 | +19% |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Cleveland | $1,512 | +4% |
| Westlake | $1,486 | +3% |
| Solon | $1,425 | -4% |
| Kent | $1,187 | -1% |
| Cleveland Heights | $1,175 | -35% |
| Stow | $1,150 | 0% |
| Brunswick | $1,115 | -4% |
| North Royalton | $1,080 | 0% |
| Lakewood | $1,050 | +11% |
| North Olmsted | $955 | +1% |
| Shaker Heights | $950 | -25% |
| Willoughby | $927 | -1% |
| Mentor | $899 | +2% |
| Youngstown | $887 | +35% |
| Parma | $860 | +8% |
| Strongsville | $833 | -27% |
| Medina | $831 | +29% |
| Cuyahoga Falls | $827 | -6% |
| Canton | $805 | -2% |
| Euclid | $785 | +13% |
| Ashland | $730 | +5% |
| Elyria | $590 | 0% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Cleveland | $2,075 | +9% |
| Rocky River | $1,856 | +28% |
| Solon | $1,760 | 0% |
| Beachwood | $1,725 | -31% |
| Shaker Heights | $1,550 | +41% |
| Lakewood | $1,517 | +8% |
| Kent | $1,465 | -2% |
| Brunswick | $1,435 | +1% |
| Stow | $1,424 | +2% |
| Westlake | $1,364 | +9% |
| Willoughby | $1,350 | -7% |
| North Royalton | $1,325 | +1% |
| Medina | $1,318 | +39% |
| Mentor | $1,295 | +31% |
| Strongsville | $1,201 | +10% |
| Cleveland Heights | $1,150 | -59% |
| Cuyahoga Falls | $1,137 | +5% |
| Parma | $1,092 | +19% |
| North Olmsted | $1,025 | +2% |
| Canton | $957 | -1% |
| Euclid | $922 | +12% |
| Youngstown | $900 | +13% |
| Ashland | $845 | +5% |
| Boardman | $725 | -- |
| Elyria | $724 | 0% |
Akron, OH Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 |
| $1130 | $1170 | $1170 | $1140 | $1140 | $1140 | $1140 | $1140 | $998 | $998 | $898 | $898 | $799 |
| $814 | $814 | $830 | $830 | $830 | $834 | $830 | $814 | $828 | $842 | $855 | $851 | $847 |
| $1002 | $1039 | $1014 | $940 | $980 | $997 | $997 | $922 | $1025 | $1107 | $1105 | $1107 | $1049 |
| $1473 | $1546 | $1546 | $1047 | $1147 | $1147 | $1215 | $1047 | $1215 | $1175 | $1122 | $1215 | $1330 |
Neighborhood Information for Akron, OH
What are the most affordable neighborhoods in Akron, OH?
The most affordable neighborhoods in Akron are University Park, where the average 1-bedroom apartment rent goes for $599, East Akron, where renters pay $650 on average for a 1-bedroom apartment, and Northwest Akron, where the average 1-bedroom apartment rent goes for $670. If you're looking for other great deals, check out the listings in Middlebury ($675 for a 1-bedroom apartment) or Chapel Hill ($675 for a 1-bedroom apartment), compared to the $875 average for an Akron 1-bedroom apartment.
What are the most expensive neighborhoods in Akron, OH?
The most expensive neighborhoods in Akron are Goodyear Heights, where the average 1-bedroom apartment rent goes for $975, West Akron, where renters pay $900 on average for a 1-bedroom apartment, and Highland Square, where the average 1-bedroom apartment rent goes for $875. If you're looking for other premium neighborhoods, check out the listings in Wallhaven ($847 for a 1-bedroom apartment) or Merriman Valley ($807 for a 1-bedroom apartment), compared to the $875 average for an Akron 1-bedroom apartment.
What are the most popular neighborhoods in Akron, OH?
The most popular neighborhoods in Akron are University Park, where the average 1-bedroom apartment rent goes for $599, Downtown, where renters pay $721 on average for a 1-bedroom apartment, and North Hill, where the average 1-bedroom apartment rent goes for $700. If you're looking for other popular neighborhoods, check out the listings in Chapel Hill ($675 for a 1-bedroom apartment) or Middlebury ($675 for a 1-bedroom apartment), compared to the $875 average for an Akron 1-bedroom apartment.
