Apartments in Gahanna Columbus

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Columbus:
November Rent Report

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

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Columbus 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 Columbus rent prices in the chart below.

Monthly Rent Report

Columbus Rent Prices Decrease From October to November

Columbus rent prices decreased over the last month. From October to November, the city experienced a -1.39% decrease for the price of a one-bedroom apartment. The rent price for a Columbus one-bedroom apartments currently stands at $1,064.0.

When we take a look at the two-bedroom comparison from October to November, Columbus experienced a -0.51% decrease for the price of a two-bedroom apartment. The rent price for a Columbus two-bedroom apartments currently stands at $1,165.0.

November Prices: Columbus vs. Surrounding Areas

Rent Prices in Columbus and Surrounding Areas

Rent prices have decreased in Columbus over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 6 of the Columbus suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Dublin, OH, Westerville, OH, Hilliard, OH, Canal Winchester, OH, Reynoldsburg, OH, Lewis Center, OH .

  • Rent decreased in Gahanna, OH.

  • 2 suburbs are currently priced higher than the city of Columbus.

  • 5 suburbs are currently priced lower than the city of Columbus.

November 2020 Pricing Trends: Columbus vs. National Comparisons

Columbus Rent Prices More Affordable Than Major Cities

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

The price for a Columbus 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 November 2020 National Apartment Report and data set here.

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

Data set for Columbus and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Columbus, OH $1,079.0 0.94% $1,171.0 -0.51%
Dublin, OH $1,124.0 1.17% $1,450.0 0.91%
Westerville, OH $969.0 0.21% $1,185.0 0.08%
Hilliard, OH $963.0 0.21% $1,225.0 -1.76%
Canal Winchester, OH $973.0 0.21% $1,242.0 4.63%
Gahanna, OH $929.0 -2.00% $1,292.0 -0.46%
Reynoldsburg, OH $833.0 0.48% $982.0 0.92%
Lewis Center, OH $1,109.0 4.72% $1,275.0 0.95%

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.