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Rental Market Trends in Lancaster, OH

What is the average rent in Lancaster, OH?

$1,071/month

Average Rent

654 Sq Ft

Average Apartment Size

+1.3%

Increase in the Last Year

As of April 2026, the average rent in Lancaster, OH is $1,071 per month. This is 35% lower than the national average rent of $1,641/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 $985 per month for a studio, $1,071 for a one-bedroom apartment, and around $1,303 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,647 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$985/month
404 Sq Ft
One Bedroom
$1,071/month
654 Sq Ft
Two Bedroom
$1,303/month
993 Sq Ft
Three Bedroom
$1,647/month
1,247 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,420/month
692 Sq Ft
Three Bedroom
$2,141/month
1,362 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 increased by 1.3%, which averages out to $15 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Lancaster, OH
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Lancaster, OH
Percentage*
Rent Range
4% Below $700/month
35% $700 - $1,000/month
48% $1,001 - $1,500/month
13% $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 $1,071, you’ll want to make about $3,570 per month or $42,840 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

225 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

Apartment communities in Lancaster we think you'll love

Courtship Village Townhomes

Courtship Village Townhomes

1503 D Monmouth St,
Lancaster, OH 43130

$1,099 - $1,349

1-2 Beds

Fairfield Park

Fairfield Park

1508 Greyfield St,
Lancaster, OH 43130

$1,225 - $1,835

1-3 Beds

The Shumaker

The Shumaker

219 N Columbus St,
Lancaster, OH 43130

$1,095 - $2,295

Studio - 2 Beds

Flats on Memorial

Flats on Memorial

1733 Bellmeadow Dr,
Lancaster, OH 43130

$1,359 - $1,855

1-3 Beds

Property Management Companies in Lancaster, OH

T & R Properties
T & R Properties
  • 25

    Communities

  • 4,431

    Units

  • 17

    Cities

2 Communities in Lancaster
Woda Cooper Companies
Woda Cooper Companies
  • 64

    Communities

  • 3,848

    Units

  • 52

    Cities

1 Community in Lancaster
Rushmore Management
Rushmore Management
  • 76

    Communities

  • 15,105

    Units

  • 48

    Cities

1 Community in Lancaster
A.R. Building Company
A.R. Building Company
  • 61

    Communities

  • 9,932

    Units

  • 48

    Cities

1 Community in Lancaster
Elon Property Management
Elon Property Management
  • 78

    Communities

  • 11,457

    Units

  • 45

    Cities

1 Community in Lancaster
RHM Management
RHM Management
  • 26

    Communities

  • 4,126

    Units

  • 16

    Cities

1 Community in Lancaster
DRK and Company Realty
DRK and Company Realty
  • 13

    Communities

  • 3,384

    Units

  • 8

    Cities

1 Community in Lancaster
Barrington Group
Barrington Group
  • 12

    Communities

  • 2,340

    Units

  • 8

    Cities

1 Community in Lancaster

Learn More with Helpful Articles

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How Much Should I Spend on Rent?

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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 February 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.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity