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ZIP Code · OH

ZIP 44240

Part of Kent, OH
Pop. 37,788·Portage County·122nd most expensive ZIP in Ohio
Median rent (all units)
$1,392/mo
Year-over-Year
-9.9%
Month-over-Month
+2.7%
vs US Median
-$573
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 44240 · $1,392
More affordable than 81% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$990
2 BR
$1,280
3 BR
$1,560
4 BR+
$1,700
Research median
$1,280/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: July 20, 2026

Annual cost
$16,704/yr
At $1,392/mo median
Location
CityKent
StateOH
CountyPortage County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 9.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-9.9% YoY, +2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 44240 (Kent, OH) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 45.1% of residents hold a bachelor's degree or higher.

Population
37,788
Median income
$57,627
Median age
32.4
Renters
49.5%
Age distribution
15.4%
37.2%
20.8%
15.9%
Under 1815.4%
18–3437.2%
35–5420.8%
55–6410.6%
65+15.9%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
84.3%
White84.3%
Black5.7%
Hispanic2.5%
Asian4.3%
Other3.2%
Education (25+)
26.2%
24.1%
45.1%
No HS diploma4.7%
HS diploma26.2%
Some college24.1%
Bachelor's+45.1%
Housing tenure
50.5%
49.5%
Owner50.5%
Renter49.5%

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

2021 vs 2026

How ZIP 44240 in Kent, OH has changed in 5 years

Income
$54,272 → $57,627
up 6.2%
Population
38,844 → 37,788
down 2.7%
Renter share
47.7% → 49.5%
+1.8 pts
Bachelor's+
39.7% → 45.1%
+5.4 pts
Median age
33 → 32.4
-0.6 yrs

Median household income rose from $54,272 to $57,627 between 2021 and 2024, a 6.2% shift. The population has contracted by 2.7% since 2021, moving from about 38,844 residents to roughly 37,788. Renters now make up 49.5% of households, compared with 47.7% five years ago. College-educated residents now make up 45.1% of adults here, versus 39.7% in 2021.

Community

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Local insights

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About renting in ZIP 44240

Last updated: July 20, 2026

ZIP code 44240 covers Kent, OH. The median rent here is $1,392/mo as of July 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,280/mo.

At 29% of local median household income ($57,627/yr), ZIP 44240 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 9.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 44240?

As of July 20, 2026, the median monthly rent in ZIP 44240 (Kent, OH) is $1,392. This is based on aggregated data from public sources and community submissions.

How does ZIP 44240 rent compare to the US average?

ZIP 44240's median rent of $1,392/mo is $573 (29%) below the US national median of $1,965/mo.

How does ZIP 44240 compare to other ZIPs in Ohio?

ZIP 44240 falls in the middle range for Ohio, ranking #122 out of 232 ZIPs at $1,392/mo.

How much income do you need to rent in ZIP 44240?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,392/mo in ZIP 44240. The local median household income is $57,627/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 44240?

Rent in ZIP 44240 has decreased 9.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 44240 an affordable place to rent?

ZIP 44240 is considered affordable for renters. At $1,392/mo, rent takes approximately 29% of the local median household income ($57,627/yr). The standard benchmark is 30%. ZIP 44240 falls comfortably within that range.

What percentage of ZIP 44240 residents rent vs. own?

According to Census data, approximately 49.5% of ZIP 44240 households are renters, while 50.5% are owner-occupied. ZIP 44240 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 44240 compare to the rest of Kent?

ZIP 44240 sits right at the Kent citywide median of $1,392/mo.

When was rent data for ZIP 44240 last updated?

Rent data for ZIP 44240 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,392/mo, rent takes ~29% of ZIP 44240's median household income ($57,627/yr). The standard benchmark is 30%.

ZIP 44240 29%Benchmark 30%
State income tax2.75–3.5%
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Schools nearby

Public schools near ZIP 44240 (Kent, OH)

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