RentData

Average Rent in Canton, OH Rents rising 8.1% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 400,495

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

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 FY2025
Studio
$671
Affordable
1 Bedroom
$755
Affordable
2 Bedrooms
$978
8.1% YoY
Affordable
3 Bedrooms
$1,229
Affordable
4 Bedrooms
$1,297
Affordable
🔔
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Median Home Value
$175,908
Source: Zillow ZHVI
Est. monthly payment
$936/mo
20% down · 30yr · 7%

Is Canton, OH Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$39,120/year
Local median income: $65,666
To buy a median home
$37,450/year
US national median: $75,000
💡 Based on a 2BR rent of $978/month and 20% down on a $175,908 home at 7% rate.

Nearby Cities in OHlargest metros in the state

CityStudio1BR2BR3BRHome 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

$
Home Value
$175,908
2BR Rent
$978/mo
Mortgage Rate
7%
Monthly P&I
$936/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $1,295/movs rent: $978/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $175,908 home at 7% rate

20% — $35,182
3%50%
Estimated Monthly Payment
$936
per month · 30 years · 7% APR
Loan Amount
$140,726
Total Paid
$337,052
Total Interest
$196,326
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Canton

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Frequently Asked Questions

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🏘️Neighborhoods in Canton

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Canton

Is it cheaper to rent or buy here?

💵Rent Affordability in Canton

Salary needed to afford rent here

🗺️All Cities in OH

See how Canton ranks statewide

⚖️Compare Canton

Side-by-side rent & cost of living with any city

📋OH Tenant Rights

Deposit limits, eviction laws & renters protections