Apartments in Harmony on the Lakes Canton

Canton:
May Rent Report

Welcome to the May 2025 Canton Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2025 key findings and figures for the Canton rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Canton and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Canton average rent prices in the chart below.

Monthly Rent Report

$2,100

$1,580

$1,050

$530

$0

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

Jan. 2025

Feb. 2025

Mar. 2025

Apr. 2025

May. 2025

1 BR 2 BR

Canton Rent Prices Decrease From April to May

Canton rent prices decreased over the last month. From April to May, the city experienced a -1.01% decrease for the price of a one-bedroom apartment. The rent price for a Canton one-bedroom apartments currently stands at $1,658.0.

When we take a look at the two-bedroom comparison from April to May, Canton experienced a 4.72% increase for the price of a two-bedroom apartment. The rent price for a Canton two-bedroom apartments currently stands at $1,996.0.

May Prices: Canton vs. Surrounding Areas

Rent Prices in Canton and Surrounding Areas

Rent prices have decreased in Canton over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Canton suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Canton suburbs
Rents did not decrease in any of the Canton suburbs.

May 2025 Pricing Trends: Canton vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,098

$3,173

$2,343

$2,342

$1,887

$1,310

$1,243

$1,230

$0

$1,350

$2,700

$4,050

$5,400

Median Rent

Canton Rent Prices More Affordable Than Major Cities

Rent growth in Canton over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Canton average rent prices appear to be relatively affordable for local residents.

The price for a Canton one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Canton and surrounding area rent prices, take a look at the complete data set below.

Data set for Canton and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.