Furnace Street Flats - OCT 2026 MOVE IN
237-243 Furnace St,
Akron, OH 44304
1-2 Beds | $980 - $2,000
Rental Market Trends in Akron, OH
Updated September 2026
The average rent in Akron, OH is $987/month.
Rent in Akron is 41% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$987/month
Average Rent
651 Sq Ft
Average Size
+4%
Change / Year
1,033
Available Apartments
Akron rent varies by unit size and layout:
- Studio apartments in Akron average $792 per month.
- One-bedroom apartments in Akron average $987 per month.
- Two-bedroom apartments in Akron average $1,206 per month.
- Three-bedroom apartments in Akron average $1,438 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Akron, OH?
In the past year, rent has increased by 4%, which averages out to $40 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Akron, OH
September 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
33%
Below $700/month
35%
$700 - $1,000/month
21%
$1,001 - $1,500/month
10%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Akron?
Based on current rent prices, Highland Square, Lane-Wooster and Merriman Valley are the most affordable neighborhoods in Akron.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Akron?
Based on current rent prices, Copley/Fairlawn, Downtown Akron and Middlebury are the most expensive neighborhoods in Akron.
Neighborhood
Average Rent
Average Sq Ft
Which Akron neighborhoods have the most rentals available?
The neighborhoods in Akron with the most apartments available are Merriman Valley, Downtown Akron and Copley/Fairlawn .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Akron, OH?
Because the average rent in Akron is $987, you’ll want to make about $3,290 per month or $39,480 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Akron, OH is 15.2% lower than the national average. Generally, housing in Akron is 40.7% less expensive than the national average, with rent falling between $792 - $1,438. You can expect to pay 5.4% more for groceries, 19.3% less for utilities, and 1.8% more for transportation.
How does Akron, OH compare to other nearby cities and neighborhoods?
Use the tool below to compare Akron, OH to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Akron Area GuideStudio
$755/month
$951/month
One Bedroom
$791/month
$1,288/month
Two Bedroom
$1,180/month
$1,544/month
Three Bedroom
$1,398/month
$1,725/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Kenmore
Avg Rent: $645/month
-
Tallmadge
Avg Rent: $879/month
-
Cuyahoga Falls
Avg Rent: $1,019/month
-
Munroe Falls
Avg Rent: $915/month
-
Mogadore
Avg Rent: $840/month
Apartment Communities in Akron We Think You'll Love
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Frequently Asked Questions
What is the average rent in Akron?
The average rent in Akron is $987 per month, which is 40.7% lower than the national average of $1,665.
What is the average rent for a house in Akron?
The average rent for a house in Akron, OH is $1,324 per month.
What is the average rent for a townhome in Akron?
The average rent for a townhome in Akron, OH is $1,259 per month.
Are rents going up or down in Akron?
Rents in Akron, OH are increasing, with prices up 4.0% year-over-year and $40 more per month.
What rent range is most common in Akron?
In Akron, OH, 35% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.