RentDataNowRentDataNow
ZIP Code · OH

ZIP 45242

Pop. 22,623·Hamilton County·19th most expensive ZIP in Ohio
Median rent (all units)
$1,946/mo
Year-over-Year
+0.6%
Month-over-Month
+2.0%
vs US Median
-$19
Rising (Monthly)
Be the first to discuss 45242 rents ↓
Most AffordableMost Expensive
ZIP 45242 · $1,946
More expensive than 57% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,440
1 BR
$1,580
2 BR
$2,030
3 BR
$2,680
4 BR+
$2,960
Research median
$2,030/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$23,352/yr
At $1,946/mo median
Location
StateOH
CountyHamilton County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.6% YoY, +2.0% MoM), not inventory.
Demographics

Who lives here

ZIP 45242 (Montgomery, OH) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 69.7% of residents hold a bachelor's degree or higher.

Population
22,623
Median income
$124,567
Median age
41.3
Renters
21.7%
Age distribution
26.3%
15.1%
26.8%
13%
18.8%
Under 1826.3%
18–3415.1%
35–5426.8%
55–6413%
65+18.8%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
77.2%
White77.2%
Black5%
Hispanic6.3%
Asian8.4%
Other3.1%
Education (25+)
17%
69.7%
No HS diploma2.2%
HS diploma11.1%
Some college17%
Bachelor's+69.7%
Housing tenure
78.3%
21.7%
Owner78.3%
Renter21.7%

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

2021 vs 2026

How ZIP 45242 in Montgomery, OH has changed in 5 years

Rent
$1,456 → $1,946
up 33.7%
Income
$106,629 → $124,567
up 16.8%
Population
21,992 → 22,623
up 2.9%
Renter share
22.6% → 21.7%
-0.9 pts
Bachelor's+
66.7% → 69.7%
+3.0 pts
Median age
42.5 → 41.3
-1.2 yrs

Rent in ZIP 45242 in Montgomery, OH has climbed 33.7% since 2021, going from about $1,456 per month to roughly $1,946 today. Median household income grew from $106,629 to $124,567 between 2021 and 2024, a 16.8% shift. Rent outpaced income growth by roughly 16.9 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 21,992 to 22,623 between 2021 and 2024, a 2.9% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 66.7% to 69.7%. Taken together, the five-year picture in ZIP 45242 in Montgomery, 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.

Community

Discussions about ZIP 45242

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 45242

About renting in ZIP 45242

Last updated: July 20, 2026

ZIP code 45242 covers Montgomery, OH. The median rent here is $1,946/mo as of July 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $2,030/mo.

At 19% of local median household income ($124,567/yr), ZIP 45242 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 45242?

As of July 20, 2026, the median monthly rent in ZIP 45242 (Montgomery, OH) is $1,946. This is based on aggregated data from public sources and community submissions.

How does ZIP 45242 rent compare to the US average?

ZIP 45242's median rent of $1,946/mo is $19 (1%) below the US national median of $1,965/mo.

How does ZIP 45242 compare to other ZIPs in Ohio?

ZIP 45242 is one of the pricier ZIP codes in Ohio, ranking #19 out of 232 ZIPs tracked at $1,946/mo.

How much income do you need to rent in ZIP 45242?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,946/mo in ZIP 45242. The local median household income is $124,567/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 45242?

Rent in ZIP 45242 has increased 0.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 45242 an affordable place to rent?

ZIP 45242 is considered very affordable for renters. At $1,946/mo, rent takes approximately 19% of the local median household income ($124,567/yr). The standard benchmark is 30%. ZIP 45242 falls comfortably within that range.

What percentage of ZIP 45242 residents rent vs. own?

According to Census data, approximately 21.7% of ZIP 45242 households are renters, while 78.3% are owner-occupied. ZIP 45242 leans toward homeownership, which can mean a smaller rental inventory.

When was rent data for ZIP 45242 last updated?

Rent data for ZIP 45242 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,946/mo, rent takes ~19% of ZIP 45242's median household income ($124,567/yr). The standard benchmark is 30%.

ZIP 45242 19%Benchmark 30%
State income tax2.75–3.5%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 45242 (Montgomery, OH)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.