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City Report · OH

Piqua

Pop. 20,646·112th most expensive in Ohio·One of the most affordable rental markets in the US
Median rent (all units)
$1,087/mo
Year-over-Year
Stable
Month-over-Month
-3.2%
vs US Median
-$875
Falling (Monthly)
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Most AffordableMost Expensive
Piqua · $1,087
More affordable than 96% of US cities · National median $1,962/mo
Affordability
19% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,087/mo, rent takes about 19% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$43,000/yr
Local median income
$67,796/yr
Based on the 30%-of-income rule using Piqua's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$760
1 BR
$820
2 BR
$1,050
3 BR
$1,360
4 BR+
$1,500
Fair Market Rent (HUD)
$1,050/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,087 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$13,044/yr
At $1,087/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -3.2% MoM), not inventory.
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Demographics

Who lives here

Piqua, OH is majority owner-occupied, 15% of residents hold a bachelor's degree or higher.

Population
20,646
Median income
$67,796
Median age
38.8
Renters
34.6%
Age distribution
21.4%
23%
24.2%
14.8%
16.6%
Under 1821.4%
18–3423%
35–5424.2%
55–6414.8%
65+16.6%
Gender
50.8%
49.2%
Male50.8%
Female49.2%
Race & ethnicity
90.9%
White90.9%
Black2.5%
Hispanic1.7%
Asian0.5%
Other4.3%
Education (25+)
12.4%
43.1%
29.5%
15%
No HS diploma12.4%
HS diploma43.1%
Some college29.5%
Bachelor's+15%
Housing tenure
65.4%
34.6%
Owner65.4%
Renter34.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Piqua, OH has changed in 5 years

Income
$49,967 → $67,796
up 35.7%
Population
20,352 → 20,646
up 1.4%
Renter share
38% → 34.6%
-3.4 pts
Bachelor's+
12.9% → 15%
+2.1 pts
Median age
40.2 → 38.8
-1.4 yrs

Median household income climbed from $49,967 to $67,796 between 2021 and 2024, a 35.7% shift. Census counts show Piqua, OH adding about 294 residents over the five-year window, up 1.4% on net. The renter share has eased from 38% to 34.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 12.9% to 15% across the same window.

Community

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View Piqua rent history (2015–2026) →
Salary vs rent

Can you afford rent in Piqua on your salary?

At $1,087/mo, how Piqua rent compares to typical pay (30% rule).

By apartment size

Piqua rent by bedroom count

Median rent for each apartment size in Piqua. Click any size for full breakdown.

Local insights

Tips for renters in Piqua

About renting in Piqua, OH

Last updated: July 20, 2026

The median rent in Piqua is $1,087/mo as of July 2026. A studio apartment averages $760/mo while a 2-bedroom runs $1,050/mo. One-bedroom apartments average $820/mo and 3-bedroom units go for $1,360/mo.

At 19% of local median household income ($67,796/yr), Piqua ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Piqua an affordable city for renters?

Piqua is considered very affordable for renters. At $1,087/mo, rent takes approximately 19% of the local median household income ($67,796/yr). The standard benchmark is 30%. Piqua falls comfortably within that range.

How much income do you need to rent in Piqua?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (~$21/hour full-time) to afford the median rent of $1,087/mo in Piqua. The local median household income is $67,796/yr, meaning the typical Piqua household meets that threshold.

Is rent going up or down in Piqua?

Rent in Piqua has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Piqua rent compare to other cities in Ohio?

Piqua is one of the more affordable cities in Ohio for rent, ranking #112 out of 128 tracked cities at $1,087/mo.

What percentage of Piqua residents rent vs. own?

According to Census data, approximately 34.6% of Piqua households are renters, while 65.4% are owner-occupied. Piqua leans toward homeownership, which can mean a smaller rental inventory.

How does Piqua rent compare to the national average?

Piqua's median rent of $1,087/mo is $875 (45%) below the US national median of $1,962/mo. Within Ohio, it ranks #112 out of 128 tracked cities.
Income Affordability
19%
VERY AFFORDABLE

At $1,087/mo, rent takes ~19% of Piqua's median household income ($67,796/yr). The standard benchmark is 30%.

Piqua 19%Benchmark 30%
State income tax2.75–3.5%
Run the Piqua affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Piqua, OH

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