Logo Akron Fair Market Rent FY 2013 Akron, OH MSA Rental Data

Fair Market Rent Prices in Akron, OH :
$501 $582 $787 $1,013 $1,052
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Akron are high compared to the national average. This FMR area is more expensive than 79% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Akron is $787 per month.

The previous year, rent for a two-bedroom home was $742 per month. This is a 6.06% increase year-over-year.

This FMR rate applies to Wayland, OH, Brady Lake, OH, Randolph, OH, Green, OH, Fairlawn, OH, Bath, OH, Lakemore, OH, Deerfield, OH, Peninsula, OH, Southington, OH and other cities within the region. The Metro Code or CBSA code for this region is METRO10420M10420.

Additionally, This Fair Market Rent (FMR) area Akron, OH MSA spans two counties or cities in Ohio which ares listed in the table below. Estimated population of Akron, OH MSA FMR area is 703,200 people based on latest Census data.

Compared to the rest of Ohio, the Akron FMR area is more expensive than 95% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Akron. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Akron

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 536
1-BR 1-Bedroom $ 622
2-BR 2-Bedroom $ 842
3-BR 3-Bedroom $ 1084
4-BR 4-Bedroom $ 1125
Change Year:

The counties, cities, towns, and regions listed below fall into the Akron, OH MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Cleveland - Akron (Canton) and Youngstown.

County / Region Est. Population
Portage County, OH Metro 161,419
Summit County, OH Metro 541,781
Zip Codes in Akron, OH MSA

There are 56 unique zip codes in this Fair Market Rent (FMR) area:

44056, 44067, 44087, 44201, 44210, 44211, 44221, 44222, 44223, 44224, 44232, 44236, 44237, 44240, 44241, 44242, 44243, 44250, 44255, 44260, 44262, 44264, 44265, 44266, 44272, 44278, 44285, 44286, 44288, 44301, 44302, 44303, 44304, 44305, 44306, 44307, 44308, 44309, 44310, 44311, 44312, 44313, 44314, 44315, 44316, 44317, 44319, 44320, 44325, 44326, 44328, 44334, 44396, 44411, 44470 and 44632

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