Cincinnati Rent Report: April 2024

Welcome to the Apartment List April 2024 Rent Report for Cincinnati, OH. Currently, the overall median rent in the city stands at $1,037, roughly the same as last month. Prices and are now up 0.1% year-over-year. Read on to learn more about what’s been happening in the Cincinnati rental market and how it compares to trends throughout the nation as a whole.

Cincinnati rents are flat month-over-month and flat year-over-year

The median rent in Cincinnati rose by 0.2% over the course of March, and has now increased by a total of 0.1% over the past 12 months. Cincinnati’s rent growth over the past year has has fallen behind the state average (1.5%) and is similar to the national average (-0.8%).

Cincinnati rent growth in 2024 pacing below last year

Three months into the year, rents in Cincinnati have fallen 0.0%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to March 2023 rents had increased 2.1%.

March rent growth in Cincinnati ranked #74 among large U.S. cities

Cincinnati rents went up 0.2% in the past month, compared to the national rate of 0.6%. Among the nation's 100 largest cities, this ranks #74. Similar monthly rent growth took place in Lexington, KY (0.2%) and Spokane, WA (0.2%).

Cincinnati is the #95 most expensive large city in the U.S., with a median rent of $1,037

Citywide, the median rent currently stands at $887 for a 1-bedroom apartment and $1,122 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,037. That ranks #95 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,220 for a 1-bedroom, $1,374 for a 2-bedroom, and $1,388 overall. The median rent in Cincinnati is 25.3% lower than the national, and is similar to the prices you would find in Huntsville, AL ($1,038) and Tulsa, OK ($1,017).