Technically a suburb of Cincinnati, Mount Lookout is located so closely to the central neighborhoods — just to the east of Hyde Park — that it might as well be part of the city. The neighborhood is mainly known for its appeal to young professionals. But everyone can enjoy Mount Lookout’s 224-acre Ault Park, which has beautiful trails, open space, and a pavilion that hosts outdoor concerts. Find quirky shops, local restaurants, and nightlife at Mount Lookout Square, the neighborhood’s retail district. Perhaps Mount Lookout’s most famous feature is the Cincinnati Observatory Center — the “Birthplace of American Astronomy” — which was the first public observatory in the U.S. The majority of Mount Lookout is highly residential, with upscale homes occupied by singles, young professionals, and young families. The rental market can be a little slim and on the pricier side, but Mount Lookout is a great option if you’re looking to rent a house, townhouse, or duplex.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the October 2022 Cincinnati Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the October 2022 key findings and figures for the Cincinnati rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Cincinnati 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 Cincinnati average rent prices in the chart below.
Cincinnati rent prices decreased over the last month. From September to October, the city experienced a -2.85% decrease for the price of a one-bedroom apartment. The rent price for a Cincinnati one-bedroom apartments currently stands at $1,090.0.
When we take a look at the two-bedroom comparison from September to October, Cincinnati experienced a -0.83% decrease for the price of a two-bedroom apartment. The rent price for a Cincinnati two-bedroom apartments currently stands at $1,322.0.
Rent prices have decreased in Cincinnati over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Cincinnati suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Batavia, OH, Fairfield, OH, West Chester, OH, Liberty Township, OH, Newport, KY .
Rent decreased in Florence, KY, Covington, KY.
6 suburbs are currently priced higher than the city of Cincinnati.
1 suburb is currently priced lower than the city of Cincinnati.
Rent growth in Cincinnati over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Cincinnati average rent prices appear to be relatively affordable for local residents.
The price for a Cincinnati 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.
You can view the full rundown of Rentable's October 2022 National Apartment Report and data set here.
For more information about Cincinnati and surrounding area rent prices, take a look at the complete data set below.
|1 BR October||1 BR M/M % Change||2 BR October||2 BR M/M % Change|
|West Chester, OH||$1,636.0||2.57%||$1,658.0||7.73%|
|Liberty Township, OH||$2,016.0||14.81%||$2,130.0||5.45%|
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.