ZIP Code · OH

ZIP 43240

Part of Columbus, OH

Pop. 7,679·Delaware County·63rd most expensive ZIP in Ohio

Median rent (all units)

$1,592/mo

Year-over-Year

+6.2%

Month-over-Month

+1.1%

vs US Median

-$340

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 43240 · $1,592

More affordable than 66% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,360

1 BR

$1,460

2 BR

$1,750

3 BR

$2,100

4 BR+

$2,360

Research median

$1,750/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 43240 is at its highest level since Zillow's records here began in December 2021.

Past year vs. the rest of Ohio

Rent in ZIP 43240 changed +6.2% over the year to September 2026. Across the 190 Ohio ZIP codes Zillow tracks, the typical change was +3.8%.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($82,895) is $2,072 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,750); a 3-bedroom is $2,100.

Rank in Columbus

17th cheapest of 21 ZIP codes in Columbus.

Cheaper nearby

ZIP 43235, 3 miles away, rents for 11% less ($1,421/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 43240. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,104/yr

At $1,592/mo median

Location

CityColumbus

StateOH

CountyDelaware County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.2% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 43240 (Columbus, OH) is majority renter-occupied, skews toward younger working-age adults, 47.3% of residents hold a bachelor's degree or higher.

Population

7,679

Median income

$82,895

Median age

32.9

Renters

71.8%

Age distribution

14.9%

39.9%

27.7%

Under 1814.9%

18–3439.9%

35–5427.7%

55–6410.1%

65+7.4%

Gender

56.9%

43.1%

Male56.9%

Female43.1%

Race & ethnicity

65.8%

17.7%

White65.8%

Black11.6%

Hispanic3.2%

Asian17.7%

Other1.8%

Education (25+)

23.2%

24.8%

47.3%

No HS diploma4.8%

HS diploma23.2%

Some college24.8%

Bachelor's+47.3%

Housing tenure

28.2%

71.8%

Owner28.2%

Renter71.8%

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

2022 vs 2026

How ZIP 43240 in Columbus, OH has changed in 5 years

Rent

$1,295 → $1,592

up 22.9%

Income

$80,667 → $82,895

up 2.8%

Population

6,772 → 7,679

up 13.4%

Renter share

71.6% → 71.8%

+0.2 pts

Bachelor's+

57.8% → 47.3%

-10.5 pts

Median age

32.3 → 32.9

+0.6 yrs

Compared with 2022, rent in ZIP 43240 in Columbus, OH has increased by $297 per month, settling near $1,592 after starting the period at $1,295. On the earnings side, the typical household in ZIP 43240 in Columbus, OH now reports about $82,895, up from $80,667 in 2021. Rent outpaced income growth by roughly 20.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 6,772 to 7,679 between 2021 and 2024, a 13.4% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 57.8% to 47.3%. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 43240 in Columbus, OH reflects that arc in its own way.

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About renting in ZIP 43240

Last updated: October 17, 2026

ZIP code 43240 covers Columbus, OH. The median rent here is $1,592/mo as of October 2026. A 1-bedroom rents for a median of $1,460/mo. A 2-bedroom rents for a median of $1,750/mo.

At 23% of local median household income ($82,895/yr), ZIP 43240 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 43240?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,592/mo in ZIP 43240. The local median household income is $82,895/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 43240?

Rent in ZIP 43240 has risen 6.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2021.

How does ZIP 43240 compare to other ZIPs in Ohio?

ZIP 43240 is one of the pricier among Ohio ZIP codes for rent, ranking #63 of 229 at $1,592/mo. Over the year to September 2026, rent in ZIP 43240 changed +6.2%, against a typical +3.8% across the 190 Ohio ZIP codes Zillow tracks.