Apartments in Oakley Cincinnati

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Oakley

A Cincinnati Neighborhood

Summary

Much like the neighboring Mount Lookout, Oakley is a fairly upscale Cincinnati neighborhood popular with young professionals. Its clean residential streets and quaint business avenues include remnants of Oakley’s historic past, such as the 20th Century Theater — which is now one of the neighborhood’s premier event venues — and vintage ice cream shop Aglamesis Bro's. Oakley’s historic areas contrast sharply with more hip, modern hangouts, giving this neighborhood its own distinct personality. One event that brings the community together is Oakley After Hours, a summer monthly street festival that keeps stores and restaurants open late into the night with live music, drinks, and deals. Apartments in Oakley, as in the adjacent Mount Lookout and Hyde Park, are a little on Cincinnati’s high end for price, but still very affordable. New luxury apartments, full homes, and older multi-family homes are all available for selective renters.

Budget

If you're not sure how much an apartment will cost, the table below shows the average price by size.

$1,044
Studio
$1,279
1 Bedroom
$1,676
2 Bedrooms
$1,836
3 Bedrooms
$1,604
4 Bedrooms
$1,756
5+ Bedrooms
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Cincinnati:
October Rent Report

Welcome to the October 2020 Cincinnati Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the October 2020 key findings and figures for the Cincinnati rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Cincinnati and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Cincinnati rent prices in the chart below.

Monthly Rent Report

Cincinnati Rent Prices Increase From September to October

Cincinnati rent prices increased over the last month. From September to October, the city experienced a 2.82% increase for the price of a one-bedroom apartment. The rent price for a Cincinnati one-bedroom apartments currently stands at $1,021.0.

When we take a look at the two-bedroom comparison from September to October, Cincinnati experienced a 3.57% increase for the price of a two-bedroom apartment. The rent price for a Cincinnati two-bedroom apartments currently stands at $1,189.0.

October Prices: Cincinnati vs. Surrounding Areas

Rent Prices in Cincinnati and Surrounding Areas

Rent prices have increased in Cincinnati over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Cincinnati suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Covington, KY, Fairfield, OH, Dayton, KY, West Chester, OH, Batavia, OH .

  • Rent decreased in Florence, KY, Liberty Township, OH.

  • 4 suburbs are currently priced higher than the city of Cincinnati.

  • 3 suburbs are currently priced lower than the city of Cincinnati.

October 2020 Pricing Trends: Cincinnati vs. National Comparisons

Cincinnati Rent Prices More Affordable Than Major Cities

Rent growth in Cincinnati over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Cincinnati rent prices appear to be relatively affordable for local residents.

The price for a Cincinnati one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's October 2020 National Apartment Report and data set here.

For more information about Cincinnati and surrounding area rent prices, take a look at the complete data set below.

Data set for Cincinnati and suburbs

1 BR October 1 BR M/M % Change 2 BR October 2 BR M/M % Change
Cincinnati, OH $993.0 2.80% $1,148.0 1.41%
Covington, KY $1,583.0 0.06% $1,730.0 0.23%
Fairfield, OH $895.0 2.05% $926.0 -0.11%
Dayton, KY $1,415.0 1.87% $1,706.0 0.83%
Florence, KY $934.0 -0.11% $1,061.0 2.81%
West Chester, OH $1,231.0 0.90% $1,380.0 3.45%
Liberty Township, OH $1,231.0 -1.44% $1,496.0 1.29%
Batavia, OH $867.0 1.52% $933.0 0.11%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.