Rent Tracker
Rent Inflation in Akron, OH
The average asking rent in Akron, OH is $1,260/month as of 2026-05. That is +5.5% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,260/mo
as of 2026-05
Year-over-Year Change
+5.5%
24-Month Rent Trend
Monthly ZORI index values for Akron, OH.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-05 | $1,260 | +0.40% |
| 2026-04 | $1,255 | +0.56% |
| 2026-03 | $1,248 | +0.40% |
| 2026-02 | $1,243 | +1.14% |
| 2026-01 | $1,229 | +0.57% |
| 2025-12 | $1,222 | -0.24% |
| 2025-11 | $1,225 | -1.05% |
| 2025-10 | $1,238 | -0.24% |
| 2025-09 | $1,241 | +1.14% |
| 2025-08 | $1,227 | +1.07% |
| 2025-07 | $1,214 | +0.83% |
| 2025-06 | $1,204 | +0.84% |
| 2025-05 | $1,194 | +0.08% |
| 2025-04 | $1,193 | -0.17% |
| 2025-03 | $1,195 | +0.25% |
| 2025-02 | $1,192 | +0.68% |
| 2025-01 | $1,184 | +0.59% |
| 2024-12 | $1,177 | -0.25% |
| 2024-11 | $1,180 | -0.34% |
| 2024-10 | $1,184 | +0.17% |
| 2024-09 | $1,182 | +0.17% |
| 2024-08 | $1,180 | +0.77% |
| 2024-07 | $1,171 | +1.04% |
| 2024-06 | $1,159 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices