Median rents, rental comps, and market trends across 20 zip codes in Cincinnati, OH.
Multiple Fortune 500 employers and neighborhoods at wildly different stages of gentrification, sometimes on the same street. Affordable Midwest market where being right by two blocks is the difference between cash flow and a headache.
Median Asking Rent
$1,355
Rent Change (YoY)
-5.7%
Avg Days on Market
55
Active Rental Listings
1,823
Median List Price
$267,500
Average across 20 zip codes
ZIP | Median Rent |
|---|---|
| 45227 | $1,695/mo |
| 45219 | $1,675/mo |
| 45202 | $1,650/mo |
| 45208 | $1,500/mo |
| 45231 | $1,495/mo |
| 45209 | $1,395/mo |
| 45206 | $1,350/mo |
| 45224 | $1,300/mo |
| 45212 | $1,250/mo |
| 45213 | $1,245/mo |
| 45207 | $1,200/mo |
| 45214 | $1,195/mo |
| 45223 | $1,195/mo |
| 45229 | $1,175/mo |
| 45205 | $1,100/mo |
| 45204 | $1,075/mo |
| 45238 | $1,005/mo |
| 45211 | $995/mo |
| 45216 | $988/mo |
| 45215 | $916/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $795/mo |
| 1 Bedroom | $925/mo |
| 2 Bedroom | $1,240/mo |
| 3 Bedroom | $1,748/mo |
| 4 Bedroom | $1,967/mo |
Aggregated median across all Cincinnati zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 45208 | $599,000 |
| 45209 | $589,000 |
| 45227 | $424,990 |
| 45202 | $399,000 |
| 45229 | $340,000 |
| 45219 | $335,900 |
| 45212 | $319,900 |
| 45206 | $304,900 |
| 45213 | $300,000 |
| 45215 | $270,000 |
| 45207 | $265,000 |
| 45223 | $264,900 |
| 45224 | $249,999 |
| 45238 | $239,900 |
| 45211 | $222,500 |
| 45231 | $215,900 |
| 45216 | $180,000 |
| 45205 | $170,000 |
| 45214 | $160,000 |
| 45204 | $155,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,440/mo |
| 1 Bedroom | $1,580/mo |
| 2 Bedroom | $2,030/mo |
| 3 Bedroom | $2,680/mo |
| 4 Bedroom | $2,960/mo |
Fair Market Rents are published annually by HUD for the Cincinnati metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Cincinnati, OH is currently $1,355/month, based on active rental listings across 20 zip codes. Median asking rents have decreased by -5.7% over the past 12 months.
Asking rents vary significantly across the city. ZIP 45227 has the highest median asking rent at $1,695/month, while ZIP 45215 comes in at $916/month.
Rental listings in the area spend an average of 55 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Cincinnati metro area is $2,030/month. Current median asking rents are near or below the FMR for this area.
Cincinnati has more Fortune 500 companies than you'd expect — Procter & Gamble, Kroger, Fifth Third Bank, Western & Southern. That corporate base creates stable rental demand. Over-the-Rhine (OTR) has gentrified dramatically and gets premium rents now. Hyde Park and Mount Adams are established premium areas. Neighborhoods like Price Hill and Avondale are earlier stage and offer better cash flow economics. The Ohio side and the Kentucky side (Covington, Newport) are technically the same metro but different markets with different laws. For investors, Cincinnati offers Midwest affordability with more economic diversity than a lot of its peers. The neighborhoods are distinct and the rent spread is wide, so knowing the specific area matters.
Want to look up rental comps and rent estimates for a specific property in Cincinnati? PropMetrics lets you search any address and get detailed rental data instantly.
Get rent estimates, comparable rentals, and market data for any property in Cincinnati, OH. Free to start.
What rental comps are, what makes a good one, and how to use them to price your rental property accurately.
Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
A step-by-step guide to pricing your rental so it rents quickly without leaving money on the table.