Flats on Memorial
1733 Bellmeadow Dr,
Lancaster, OH 43130
1-3 Beds | $1,295 - 1,755
Rental Market Trends in Lancaster, OH
What is the average rent in Lancaster, OH?
$1,000/month
Average Rent
657 Sq Ft
Average Apartment Size
+6.2%
Increase in the Last Year
As of November 2024, the average rent in Lancaster, OH is $1,000 per month. This is 36% lower than the national average rent of $1,559/month, making renting in Lancaster more affordable than most cities in the US. When you rent an apartment in Lancaster, you can expect to pay about $972 per month for a studio, $1,000 for a one-bedroom apartment, and around $1,205 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,509 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lancaster, OH?
In the past year, rent has increased by 6.2%, which averages out to $63 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Lancaster, OH
Last Updated November 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
43%
$700 - $1,000/month
38%
$1,001 - $1,500/month
14%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Lancaster, OH?
Because the average rent in Lancaster is $1,000, you’ll want to make about $3,333 per month or $39,996 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lancaster, OH compare to other nearby cities and neighborhoods?
Use the tool below to compare Lancaster, OH to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
Apartment communities in Lancaster we think you'll love
Property Management Companies in Lancaster, OH
T & R Properties
-
23
Communities
-
3,839
Units
-
17
Cities
2 Communities in Lancaster
Elon Property Management
-
97
Communities
-
12,757
Units
-
56
Cities
1 Community in Lancaster
A.R. Building Company
-
54
Communities
-
9,237
Units
-
43
Cities
1 Community in Lancaster
Barrett & Stokely
-
44
Communities
-
10,391
Units
-
19
Cities
1 Community in Lancaster
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.