This section focuses on how Ohio's renters are able to balance housing costs compared to income. When renters spend 30% or more of their incomes on housing, they risk being unable to afford other necessities, such as food and healthcare. When they spend 50% or more of their incomes on rent and other housing costs, they find themselves at risk of eviction and homelessness. Rent burden places householders in a precarious position, in which any unexpected cost, such as a car repair, can make their housing situation unstable.
Section Highlights
- Since the start of the COVID-19 pandemic, rents in Ohio have been rapidly increasing. Adjusted for inflation, the median rental price for a two-bedroom apartment in Ohio increased by 22% from December 2019 ($963 per month in 2024 dollars) to December 2024 ($1,174 per month). At the end of 2024, rent was higher than any month on record.
- Rent increases are also outpacing income growth for most Ohioans regardless of where they fall in the income distribution. From 2006 to 2023, median gross rent increased 1.2 times faster than incomes for the wealthiest 20% of Ohio households and 1.6 times faster than incomes for the bottom 20%. As such, Ohio renters are spending more relative to income. The median share of income spent on rent (29%) has been steadily increasing since before the pandemic after a decade of decline.
- There has been a net loss of affordable rental housing for very low-income (VLI) Ohioans. There are more than 706,000 renters in Ohio with incomes at or below 50% of area median income (AMI), but only about 503,000 rental homes are affordable and available to them — leaving a shortage of over 202,000 units.
- The number of Ohio renters experiencing severe housing cost burden is on the rise. In 2023, over 397,000 Ohio renters (26%) spent at least half their incomes on housing — up from a record low of 23% in 2019 — putting them at risk of eviction and homelessness.
Jump to: Rent | Rental Affordability | Severe Rent Burden | Downloadable Tables | Notes
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Rent
Median Monthly Rent, Two-Bedroom Apartment
Source: RentalTrends, Cotality
Median Monthly Rent by Number of Bedrooms
Source: RentalTrends, Cotality
Median Monthly Rent, Two-Bedroom Apartment
Source: RentalTrends, Cotality
Change in Median Rent, 2-Bedroom, 2019 to 2024
Source: RentalTrends, Cotality
Rental Affordability
Change in Median Rent & Selected Income Levels
Source: American Community Survey (ACS) One-Year Estimates, Tables B19080 & B25064
Shortage of Affordable & Available Units by Income
Source: The Gap: A Shortage of Affordable Homes, March 2025, National Low Income Housing Coalition (based on the American Community Survey Public Use Microdata Sample)
Affordable & Available Ratio, U.S & Ohio, by Income
Source: The Gap: A Shortage of Affordable Homes, March 2025, National Low Income Housing Coalition (based on the American Community Survey Public Use Microdata Sample)
Affordable & Available Ratio by Income & Region
Source: National Low Income Housing Coalition (public data request) (based on the American Community Survey Public Use Microdata Sample)
Severe Rent Burden
Severe Rent Burden in the U.S. & Ohio
Source: American Community Survey (ACS) One-Year Estimates, Tables B25070 & B25106
Severe Rent Burden by Age
Source: IPUMS USA, University of Minnesota (based on the American Community Survey Public Use Microdata Sample)
Severe Rent Burden by Race/Ethnicity
Source: IPUMS USA, University of Minnesota (based on the American Community Survey Public Use Microdata Sample)
Severe Rent Burden
Source: American Community Survey (ACS) Five-Year Estimates, ACS One-Year Estimates, Tables B25070 & B25106
Severe Rent Burden Gap, Black & White, by Region
Source: IPUMS USA, University of Minnesota (based on the American Community Survey Public Use Microdata Sample)
Downloadable Tables
- Rental Housing Tables – Coming Soon
Notes
Gross rent includes average monthly cost of utilities (i.e., electricity, natural gas, water, sewer, and heating fuels).
Extremely low-income (ELI) is defined as those with incomes at or below the federal poverty level or 30% of area median income, whichever is greater. Very low-income (VLI) is defined as those with incomes at or below 50% of area median income, including ELI households. Affordability is based on the common standard that households should not spend more than 30% of their income on housing. Rental units are both "affordable and available" to renters in a specific income group if the gross rent meets the 30% affordability threshold and they are either available for rent or occupied by households with incomes at or below the defined income level. Regional estimates are calculated using a geographic correspondence file from the Missouri Census Data Center at the University of Missouri to "crosswalk" the data from Public Use Microdata Areas (PUMAs) to counties.
Severe rent burden is defined as a renter household spending at least 50 percent of household income on gross rent or having no income.
For time series based on American Community Survey (ACS) or the ACS Public Use Microdata Sample, a gap is shown for the year 2020. Due to the disruption of the COVID-19 pandemic in the data collection process, the level of nonresponse bias did not meet the Census Bureau's quality standards for a reliable release of standard one-year estimates for 2020. While experimental one-year estimates were released for that year using weighting methods to address the nonresponse bias, the Census Bureau has advised against comparing these to one-year estimates from other years.
Inflationary adjustments are based on the Consumer Price Index for All Urban Consumers (CPI-U), from the U.S. Bureau of Labor Statistics, for "all items less shelter."
Ohio Regions are defined at the county level by TourismOhio, part of the Ohio Department of Development. Regional estimates of IPUMS USA data are calculated using a geographic correspondence file from the Missouri Census Data Center at the University of Missouri to "crosswalk" the data from Public Use Microdata Areas (PUMAs) to counties.
Data Sources
- Cotality, Real Estate Analytics Suite, RentalTrends
- National Low Income Housing Coalition (public data request)
- National Low Income Housing Coalition, The Gap: A Shortage of Affordable Homes
- Ohio Department of Development, TourismOhio, Ohio Regions
- U.S. Department of Commerce, Bureau of the Census, American Community Survey
- U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index
- University of Minnesota, IPUMS USA
- University of Missouri, Missouri Census Data Center, Geocorr Applications