2 Apartments under 500 for rent in Hilliard, OH

Last updated November 22 at 12:55pm UTC
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List detective logo

Zoom in to see more.

Trying to get a feel for the larger area? No problem.
When you're ready, zoom in again to see pins and listings.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

November 2017 Hilliard Rent Report

Welcome to the November 2017 Hilliard Rent Report. Hilliard rents declined over the past month. In this report, we'll evaluate trends in the Hilliard rental market, including comparisons to similar cities nationwide.

View full Hilliard Rent Report
Rent Report
Hilliard

November 2017 Hilliard Rent Report

Welcome to the November 2017 Hilliard Rent Report. Hilliard rents declined over the past month. In this report, we'll evaluate trends in the Hilliard rental market, including comparisons to similar cities nationwide.

Hilliard rents declined significantly over the past month

Hilliard rents have declined 0.4% over the past month, but have increased significantly by 5.3% in comparison to the same time last year. Currently, median rents in Hilliard stand at $740 for a one-bedroom apartment and $950 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in July. Hilliard's year-over-year rent growth leads the state and national averages, which both stand at 2.7%.

Hilliard rents more affordable than many large cities nationwide

As rents have increased significantly in Hilliard, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Hilliard is still more affordable than most large cities across the country.

  • Hilliard's median two-bedroom rent of $950 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 5.3% increase in Hilliard.
  • While Hilliard's rents rose significantly over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • Renters will find more reasonable prices in Hilliard than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three times the price in Hilliard.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.