Akron, OH Rental Market
Akron is a mid-size Ohio city undergoing a technology and healthcare-driven transition, building on its polymer and rubber manufacturing heritage. The University of Akron, Summa Health, and Cleveland Clinic Akron General anchor the local economy, and proximity to Cleveland (40 minutes) makes it attractive to workers who prefer lower-cost housing. Bridgestone Americas and several polymer science companies provide specialized manufacturing employment.
Get a rent estimate for an address in AkronAverage Rent in Akron, OH
$980
per month · 2026-06
Market Score
Key Facts — Akron, OH Rental Market
- Average rent in Akron, OH:$980/mo
- Median rent:$902/mo
- Rent range:$500 – $2,150/mo
- Most common rental (2 bedrooms):$875/mo
- Active listings:880
- Avg days to lease:37 days
- Year-over-year change:+2.5%
- Median home value:$155,000
- Est. gross annual yield:7.6%
- Data as of:2026-06
Rent by Bedroom in Akron, OH
Average monthly rent for each bedroom type based on current active listings in Akron.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $875/mo |
3 Bedrooms | $1,100/mo |
4 Bedrooms | $1,350/mo |
5 Bedrooms | $1,550/mo |
Akron Rental Market Statistics
Key indicators from the current Akron, OH rental market.
880
Available now in Akron
37
From list to lease
$0.79
Average across listings
1,244 sq ft
Typical rental size
$500 – $2,150
Min to max active listings
+2.5%
Avg rent vs. prior year
Investing in Akron, OH Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$155,000
Typical purchase price in Akron
Est. Gross Annual Yield
7.6%
Before expenses & vacancy
Avg Monthly Income
$980
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Akron for a full cash-flow breakdown including all costs.
Akron, OH Rental Market FAQ
Common questions about renting and investing in Akron, OH.
What is the average rent in Akron, OH?
The average rent in Akron, OH is $980 per month as of 2026. One-bedroom apartments average $700/mo, two-bedrooms $875/mo, and three-bedroom homes $1,100/mo. Akron offers meaningfully lower rents than Cleveland while sitting within easy commuting distance of the larger metro.
Is Akron, OH a good place to invest in rental property?
Akron offers an estimated 7.6% gross annual yield with low home values (~$155,000) and a stable healthcare and university tenant base. The city's proximity to Cleveland provides a demand floor as Cleveland workers seek lower-cost housing options. Best suited for value investors and cash-flow seekers.
How competitive is the Akron, OH rental market?
Akron averages 37 days on market with approximately 880 active listings. The market is moderately competitive, with properties near the University of Akron and hospital campuses leasing faster. The Highland Square and Merriman Valley neighborhoods attract higher-income renters and move more quickly.
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