GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent In Cincinnati

The average rent in Cincinnati is $1,000 per month.

Last Updated: June 23, 2024

How we write

In this post, we will explore the average rent landscape in Cincinnati based on a collection of pertinent statistics. From the pace of rent growth compared to the national average to specific neighborhood averages and affordability metrics, these data points provide valuable insights for both current residents and those considering a move to the Queen City.

Statistic 1

"The average rent in Cincinnati has grown more slowly compared to national rent growth."

Statistic 2

"Cincinnati ranked 67th out of the 100 largest cities in the US for highest average rent."

Statistic 3

"The average rental price per square foot in Cincinnati is around $1.20."

Statistic 4

"10% of renters in Cincinnati pay more than 50% of their income on rent."

Statistic 5

"Cincinnati ranks as one of the more affordable places to rent in comparison to other large Midwestern cities."

Statistic 6

"Rent in Cincinnati's Columbia-Tusculum neighborhood averages $1,575 per month."

Statistic 7

"The median rent for apartments in Cincinnati is $905."

Statistic 8

"The average rent for a three-bedroom apartment in Cincinnati is $1,616."

Statistic 9

"Rental vacancy rate in Cincinnati is about 7.5%."

Statistic 10

"Rent for luxury apartments in Cincinnati can range from $2,000 to $3,500."

Statistic 11

"The average rent for a studio apartment in Cincinnati is $925."

Statistic 12

"The average rent for a one-bedroom apartment in Cincinnati is approximately $1,022 per month."

Statistic 13

"The cost of rent in downtown Cincinnati is approximately $1,400 on average."

Statistic 14

"The average rent for a two-bedroom apartment in Cincinnati is around $1,243 per month."

Statistic 15

"As of 2022, rent prices in Cincinnati have increased by 5% from the previous year."

Statistic 16

"Monthly rent for apartments in Cincinnati's Clifton neighborhood averages $1,350."

Statistic 17

"About 44% of households in Cincinnati are renter-occupied."

Statistic 18

"The average rent in the Over-the-Rhine neighborhood is approximately $1,450 per month."

Statistic 19

"Over the past three years, the average rent in Cincinnati has risen by about 15%."

Statistic 20

"Rent prices in Cincinnati’s Walnut Hills neighborhood average around $1,200 per month."

Overall, the statistics paint a picture of Cincinnati as a city with relatively slow rent growth compared to the national average, making it one of the more affordable places to rent in the Midwest. While certain neighborhoods like Columbia-Tusculum and Over-the-Rhine command higher rents, the city boasts a wide range of rental prices to accommodate various budgets. However, the data also highlights challenges, such as a significant portion of renters allocating a large portion of their income towards rent. With rent prices on the rise over the past few years, it will be important for policymakers and stakeholders to consider solutions to ensure housing affordability for all residents in Cincinnati.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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