The rental market in Akron, OH is an attractive option for those looking to take advantage of the city’s unique offerings. Akron is located in the rolling hills of northeastern Ohio, about 40 miles south of Cleveland. The city is home to a variety of universities and colleges, a thriving cultural and entertainment district, and an abundance of outdoor activities.
When it comes to schools, Akron is home to the University of Akron, Kent State University, and The University of Akron School of Law. The University of Akron is a public research university with more than 20,000 students and over 150 academic programs. It is also home to one of the nation’s top engineering schools. Kent State University is a public research university with over 32,000 students and over 350 academic programs. The University of Akron School of Law is the oldest law school in Ohio and offers an array of legal education programs.
The rental market in Akron is diverse and offers a range of options for prospective renters. The median rent for a one-bedroom apartment is around $625 per month, while two-bedrooms typically rent for around $800 per month.
The average rental prices for an apartment in Akron, OH, is $870 per month, a townhouse is $1,067 per month, a condo is $1,073 per month, a loft is $1,098 per month, and a single family home is $1,153 per month.
Rental prices in Akron, OH have increased slightly over the past five years. According to Zillow, the median rent for a one-bedroom apartment in Akron in May 2016 was $540, compared to $570 in May 2021. The median rent for a two-bedroom apartment in Akron in May 2016 was $630, compared to $680 in May 2021. These figures represent an increase of roughly 7% over the past five years.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Akron, OH are as follows:
1-Bedroom: $650
2-Bedroom: $800
3-Bedroom: $950
The school districts in Akron, OH compare favorably to the rest of the United States. The Akron Public Schools district is one of the highest-performing urban public school systems in the country, and its students consistently demonstrate higher academic performance than their peers nationwide. Additionally, Akron boasts a diverse student population, with more than 40 percent of students coming from economically disadvantaged backgrounds. The district also has a strong commitment to providing students with access to quality educational opportunities, including rigorous coursework, advanced placement classes, and career and technical education pathways.
1. Highland Square
2. North Hill
3. Downtown Akron
4. Ellet
5. Firestone Park
1. West Akron
2. Bath
3. Fairlawn Heights
4. Cuyahoga Valley
5. Highland Square