Average Rent in Canton, OH↑ Rents rising 8.1% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 400,495
Market Overview
Canton, OH has rental prices ranging from $671/month to $1,297/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $755/month — 46% below the national average of $1,400/month. With a median household income of $65,666/year, spending $755/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.
How Canton Compares
With an average 2-bedroom rent of $978/month, Canton ranks #14 most expensive of the 68 cities tracked in Ohio — pricier than 61% of all US cities in our data.
The Canton Rental Market
The Canton, OH area has a population of about 400,495 and 31% of households renting rather than owning. That is close to the US average renter share of ~34%.
Rent Trends
2-bedroom rents in Canton, OH have risen by $73/month (8.1%) over the past year, from $905 to $978. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.
Affordability
To afford a 1-bedroom apartment in Canton, OH without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,200. The local median household income of $65,666 exceeds that threshold by $35,466, making Canton relatively accessible compared to local wages.
Rent vs. Buy
The median home value in Canton, OH is $175,908, giving a price-to-rent ratio of 15.0. The break-even point between renting and buying is roughly 15 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.
Neighborhoods
Home values — and by extension rent levels — vary significantly across Canton's neighborhoods. Among the highest-value areas are East Lincoln Highway ($60,860 median home value), Whittier Park ($63,353 median home value), Gibbs ($76,968 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.
Fair Market Rents
HUD FY2025Is Canton, OH Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in OHlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Brown County | $726 | $731 | $947 | $1,273 | — |
| Columbus | $1,104 | $1,194 | $1,445 | $1,741 | — |
| Dayton | $780 | $845 | $1,077 | $1,390 | — |
| Akron | $799 | $880 | $1,131 | $1,398 | — |
| Ottawa County | $677 | $753 | $988 | $1,190 | — |
| Toledo | $745 | $805 | $1,056 | $1,371 | — |
Rent or Buy in Canton?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Canton data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Mortgage Calculator
Estimate monthly payment for $175,908 home at 7% rate
Living in Canton
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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⚖️Rent vs Buy in CantonIs it cheaper to rent or buy here?
💵Rent Affordability in CantonSalary needed to afford rent here
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