Cincinnati rent is increasing faster than any other city in the US, Zillow reports
A new report crowns Cincinnati as the national leader in rent growth, with a staggering 7.9% year-over-year increase as of May 2023. This surge outpaces other major cities like Boston and Kansas City.
While the national average rent growth sits at 4.8%, Zillow attributes the rapid rise in Cincinnati and other top cities to their location within the fast-growing Midwest and Northeast regions. The report also highlights Columbus, Ohio, as one of the cities experiencing the highest monthly rent increases, alongside major metros like New York City and Chicago.