Cincinnati rents and rental comps

Name: Cincinnati, OH rental market data
Creator: PropMetrics

The median asking rent across 20 Cincinnati zip codes is $1,330/month, up 3.8% from a year ago.

Multiple Fortune 500 employers and neighborhoods at wildly different stages of gentrification, sometimes on the same street. Affordable Midwest market where being off by two blocks is the difference between cash flow and a headache.

Median Asking Rent

$1,330

Rent Change (YoY)

+3.8%

Avg Days on Market

Active Rental Listings

1,743

Median List Price

$278,000

Median Asking Rent Over Time

Average across 20 zip codes

12 months+3.8%

Median Asking Rent by ZIP Code

Rental Listings by ZIP Code

ZIP	Median Rent	YoY Growth	$/Sqft	Avg DOM	Listings
45227	$1,650/mo	-12.9%	$1.55	65	62
45219	$1,600/mo	+0.3%	$1.50	100	225
45231	$1,600/mo	-2.7%	$1.56	43	47
45208	$1,595/mo	+6.7%	$1.90	80	72
45202	$1,575/mo	+6.8%	$2.23	91	267
45216	$1,495/mo	+53.3%	$1.24	58	18
45206	$1,350/mo	+5.9%	$1.54	76	111
45209	$1,345/mo	+3.9%	$1.83	48	60
45207	$1,325/mo	-11.7%	$1.33	63	47
45213	$1,250/mo	+12.1%	$1.49	63	53
45204	$1,200/mo	-2.8%	$1.20	60	36
45212	$1,200/mo	+14.3%	$1.39	66	111
45224	$1,163/mo	-16.9%	$1.34	44	38
45214	$1,150/mo	+33.7%	$1.28	56	46
45238	$1,150/mo	+4.5%	$1.31	49	66
45205	$1,100/mo	0.0%	$1.12	33	83
45223	$1,095/mo	0.0%	$1.46	14	129
45229	$1,095/mo	+9.5%	$1.15	59	100
45211	$1,000/mo	+2.6%	$1.25	52	130
45215	$916/mo	-29.5%	$1.28	80	42

Comps for any address in Cincinnati

Type the address, get the comps. No setup.

Median Asking Rent by Bedroom

Unit Size	Median Rent	$/Sqft
Studio	$845/mo	$1.67/sqft
1 Bedroom	$913/mo	$1.45/sqft
2 Bedroom	$1,250/mo	$1.36/sqft
3 Bedroom	$1,695/mo	$1.28/sqft
4 Bedroom	$1,940/mo	$1.25/sqft

Aggregated median across all Cincinnati zip codes with available data.

For-Sale Listings by ZIP Code

ZIP	Median List Price	YoY Change	$/Sqft
45209	$559,000	+1.6%	$309.21
45208	$499,000	+2.0%	$263.25
45229	$375,000	+38.9%	$124.22
45202	$365,000	-8.5%	$314.29
45227	$365,000	-8.8%	$231.37
45206	$320,000	+1.6%	$209.44
45219	$315,000	+5.0%	$189.36
45213	$314,900	-4.5%	$211.42
45212	$309,900	+6.9%	$176.47
45223	$279,000	-2.1%	$171.25
45215	$277,000	+6.6%	$184.38
45207	$255,000	-20.1%	$156.57
45224	$255,000	+10.9%	$157.63
45238	$240,000	-3.8%	$148.99
45214	$225,000	+54.6%	$120.19
45231	$225,000	0.0%	$155.50
45211	$220,000	+4.8%	$140.73
45205	$178,000	+27.1%	$107.83
45216	$171,988	-8.5%	$108.60
45204	$155,000	+24.0%	$122.13

HUD Fair Market Rents

Unit Size	Fair Market Rent	Median Asking Rent	Difference
Studio	$1,440/mo	$845/mo	-41%
1 Bedroom	$1,580/mo	$913/mo	-42%
2 Bedroom	$2,030/mo	$1,250/mo	-38%
3 Bedroom	$2,680/mo	$1,695/mo	-37%
4 Bedroom	$2,960/mo	$1,940/mo	-34%

HUD publishes Fair Market Rents once a year for the Cincinnati metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.

About the Cincinnati rental market

The median asking rent across Cincinnati, OH sits at $1,330/month, pulled from active rental listings in 20 zip codes. That's up 3.8% from a year ago.

Rents aren't uniform across the city. ZIP 45227 tops the list at $1,650/month. ZIP 45215 comes in lowest at $916/month. That's a 80% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,250/month at the median. 1-bedrooms run about $913. 3-bedrooms come in around $1,695.

Listings take longer here. The average is 60 days on market, which gives renters more room to negotiate and means landlords should price carefully.

Rent-to-price math is tight in Cincinnati. The gross figure sits at about 5.7% ($1,330/month against $278,000 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Cincinnati metro is $2,030/month. Asking rents come in about 34% below the federal benchmark, which can make Section 8 properties competitive here.

Cincinnati has more Fortune 500 companies than you'd expect: Procter & Gamble, Kroger, Fifth Third Bank, Western & Southern. That base creates stable rental demand. Over-the-Rhine (OTR) gentrified hard and gets premium rents now. Hyde Park and Mount Adams are established premium. Neighborhoods like Price Hill and Avondale are earlier stage with better cash flow math. The Ohio side and the Kentucky side (Covington, Newport) are technically the same metro but operate as different markets with different laws. Midwest affordability with more economic diversity than most of its peers. The neighborhoods are distinct, the rent spread is wide. Specific area matters more than usual.

These numbers are city-wide averages. If you're pricing a specific property in Cincinnati, pull comps from the same zip code. The spread is usually bigger than people expect.