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RentData.org Logo Akron Fair Market Rent FY 2024 Akron, OH MSA Rental Data

Fair Market Rent Prices in Akron, OH :
$728 $816 $1,039 $1,301 $1,389
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Akron are average compared to the national average. This FMR area is more expensive than 64% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Akron is $1,039 per month.

The previous year, rent for a two-bedroom home was $1,027 per month. This is a 1.17% increase year-over-year.

This FMR rate applies to Brady Lake, OH, Randolph, OH, Wayland, OH, Deerfield, OH, Southington, OH, Windham, OH, Rootstown, OH, Atwater, OH, Mantua, OH, Hartville, OH and other cities within the region. The Metro Code or CBSA code for this region is METRO10420M10420.

Additionally, This Fair Market Rent (FMR) area Akron, OH MSA spans one county or city in Ohio which is listed in the table below. Estimated population of Akron, OH MSA FMR area is 162,476 people based on latest Census data.

Compared to the rest of Ohio, the Akron FMR area is more expensive than 91% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Akron. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Akron

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 777
1-BR 1-Bedroom $ 870
2-BR 2-Bedroom $ 1109
3-BR 3-Bedroom $ 1388
4-BR 4-Bedroom $ 1482
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Akron, OH MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Cleveland - Akron (Canton) and Youngstown.

County / Region Est. Population
Akron, OH Metro 162,476
Zip Codes in Akron, OH MSA

There are 20 unique zip codes in this Fair Market Rent (FMR) area:

44201, 44211, 44224, 44236, 44240, 44241, 44242, 44243, 44255, 44260, 44265, 44266, 44272, 44278, 44285, 44288, 44312, 44411, 44470 and 44632

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What's Next?

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