ZIP Code · OH

ZIP 44240

Part of Kent, OH

Pop. 37,788·Portage County·37th most expensive ZIP in Ohio

Median rent (all units)

$1,686/mo

Year-over-Year

+6.8%

Month-over-Month

+0.3%

vs US Median

-$246

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 44240 · $1,686

More affordable than 59% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 44240 is at its highest level since Zillow's records here began in February 2023.

Past year vs. the rest of Ohio

Rent in ZIP 44240 changed +6.8% 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 10 of the last 12 months.

What a typical income covers

30% of the median household income ($57,627) is $1,441 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,280); a 3-bedroom is $1,560.

Cheaper nearby

ZIP 44221, 7 miles away, rents for 18% less ($1,382/mo), about $3,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 44240. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,232/yr

At $1,686/mo median

Location

CityKent

StateOH

CountyPortage County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.8% YoY, +0.3% 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

2023 vs 2026

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

Rent

$1,326 → $1,686

up 27.1%

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

The median rent in ZIP 44240 in Kent, OH stood at $1,326 in 2023 and currently runs about $1,686, reflecting a 27.1% increase over the period. Median household income rose from $54,272 to $57,627 between 2021 and 2024, a 6.2% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. 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. Taken together, the five-year picture in ZIP 44240 in Kent, OH reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 44240

Last updated: October 17, 2026

ZIP code 44240 covers Kent, OH. The median rent here is $1,686/mo as of October 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,280/mo.

At 35% of local median household income ($57,627/yr), ZIP 44240 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.8% over the past year.

FAQ

Frequently asked questions

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 $67,000/year (about $32/hour full-time) to afford the median rent of $1,686/mo in ZIP 44240. The local median household income is $57,627/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 44240?

Rent in ZIP 44240 has risen 6.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2023.

How does ZIP 44240 compare to other ZIPs in Ohio?

ZIP 44240 is one of the pricier among Ohio ZIP codes for rent, ranking #37 of 229 at $1,686/mo. Over the year to September 2026, rent in ZIP 44240 changed +6.8%, against a typical +3.8% across the 190 Ohio ZIP codes Zillow tracks.