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Rental Market Trends in Lancaster, OH

What is the average rent in Lancaster, OH?

$1,032/month

Average Rent

660 Sq Ft

Average Apartment Size

-0.2%

Decrease in the Last Year

As of October 2025, the average rent in Lancaster, OH is $1,032 per month. This is 37% lower than the national average rent of $1,630/month, making renting in Lancaster more affordable than most cities in the US. When you rent an apartment in Lancaster, you can expect to pay about $1,027 per month for a studio, $1,032 for a one-bedroom apartment, and around $1,263 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,665 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,027/month
363 Sq Ft
One Bedroom
$1,032/month
660 Sq Ft
Two Bedroom
$1,263/month
990 Sq Ft
Three Bedroom
$1,665/month
1,245 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,765/month
1,205 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Lancaster, OH?

In the past year, rent has decreased by 0.2%, which averages out to $1 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Lancaster, OH
Last Updated October 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Lancaster, OH
Percentage*
Rent Range
5% Below $700/month
41% $700 - $1,000/month
41% $1,001 - $1,500/month
14% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Lancaster, OH?

Because the average rent in Lancaster is $1,032, you’ll want to make about $3,440 per month or $41,280 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.

City

Lancaster, OH

201 Available Apartments for Rent

Search for Nearby Apartments

How does Lancaster, OH compare to other nearby cities and neighborhoods?

Use the tool below to compare Lancaster, 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.

Explore the Area Guide for Lancaster, OH

Apartment Averages

Nearby City Rent Trends

  • Canal Winchester Average Rent
  • Pickerington Average Rent

Apartment communities in Lancaster we think you'll love

Fairfield Park

Fairfield Park

1508 Greyfield St,
Lancaster, OH 43130

$1,175 - $1,815

1-3 Beds

Flats on Memorial

Flats on Memorial

1733 Bellmeadow Dr,
Lancaster, OH 43130

$1,349 - $1,830

1-3 Beds

Lodge at River Village

Lodge at River Village

1366 Sheridan Dr,
Lancaster, OH 43130

$1,100 - $1,400

1-2 Beds

Lancaster Midtown

Lancaster Midtown

1300 Community Way,
Lancaster, OH 43130

$1,255 - $2,020

1-3 Beds

Property Management Companies in Lancaster, OH

T & R Properties
T & R Properties
  • 23

    Communities

  • 3,839

    Units

  • 17

    Cities

2 Communities in Lancaster
A.R. Building Company
A.R. Building Company
  • 62

    Communities

  • 9,974

    Units

  • 48

    Cities

1 Community in Lancaster
Elon Property Management
Elon Property Management
  • 69

    Communities

  • 10,026

    Units

  • 38

    Cities

1 Community in Lancaster
Legacy RHM Capital
Legacy RHM Capital
  • 30

    Communities

  • 5,093

    Units

  • 14

    Cities

1 Community in Lancaster

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United States Ohio Lancaster Rental Trends

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 2025.

* Percentages may not total 100 due to rounding.

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