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Rent Inflation in Akron, OH

The average asking rent in Akron, OH is $1,259/month as of 2026-03. That is +4.4% compared to a year ago.

Source: Zillow Observed Rent Index (ZORI) · zillow.com/research

Current Avg Rent

$1,259/mo

as of 2026-03

Year-over-Year Change

+4.4%

24-Month Rent Trend

Monthly ZORI index values for Akron, OH.

Month Avg Asking Rent Change from Prior Month
2026-03 $1,259 +0.32%
2026-02 $1,255 +1.21%
2026-01 $1,240 +0.57%
2025-12 $1,233 -0.24%
2025-11 $1,236 -1.04%
2025-10 $1,249 -0.32%
2025-09 $1,253 +1.05%
2025-08 $1,240 +1.14%
2025-07 $1,226 +0.82%
2025-06 $1,216 +0.91%
2025-05 $1,205 +0.08%
2025-04 $1,204 -0.17%
2025-03 $1,206 +0.25%
2025-02 $1,203 +0.75%
2025-01 $1,194 +0.59%
2024-12 $1,187 -0.34%
2024-11 $1,191 -0.33%
2024-10 $1,195 +0.25%
2024-09 $1,192 +0.08%
2024-08 $1,191 +0.85%
2024-07 $1,181 +1.03%
2024-06 $1,169 +1.39%
2024-05 $1,153 +0.52%
2024-04 $1,147

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: Zillow Research ZORI · Updated monthly · Price Inflation Report