RentData

Average Rent in Mansfield, OH↑ Rents rising 6.4% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 125,138

Data review: HUD FY2027Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Mansfield, OH has rental prices ranging from $721/month to $1,595/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $822/month — 41% below the national average of $1,400/month. With a median household income of $57,649/year, spending $822/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Mansfield Compares

With an average 2-bedroom rent of $1,035/month, Mansfield ranks #27 most expensive of the 72 cities tracked in Ohio — pricier than 53% of all US cities in our data.

The Mansfield Rental Market

The Mansfield, OH area has a population of about 125,138 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Mansfield, OH have risen by $62/month (6.4%) over the past year, from $973 to $1,035. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Mansfield, OH without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $32,880. The local median household income of $57,649 exceeds that threshold by $24,769, making Mansfield relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Mansfield, OH is $152,993, giving a price-to-rent ratio of 12.3. The break-even point between renting and buying is roughly 12 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Fair Market Rents

HUD FY2027
Studio
$721
Affordable
1 Bedroom
$822
Affordable
2 Bedrooms
$1,035
↑6.4% YoY
Affordable
3 Bedrooms
$1,370
Affordable
4 Bedrooms
$1,595
Average
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Median Home Value
$152,993
Source: Zillow ZHVI
Est. monthly payment
$814/mo
20% down · 30yr · 7%

Is Mansfield, OH Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$41,400/year
Local median income: $57,649
To buy a median home
$32,572/year
US national median: $75,000
💡 Based on a 2BR rent of $1,035/month and 20% down on a $152,993 home at 7% rate.

Nearby Cities in OHlargest metros in the state

CityStudio1BR2BR3BRHome Value
Brown County$844$849$1,030$1,425—
Columbus$1,258$1,346$1,602$1,909—
Dayton$909$1,008$1,248$1,623—
Akron$886$952$1,231$1,474—
Ottawa County$677$753$988$1,190—
Toledo$822$875$1,145$1,461—

Rent or Buy in Mansfield?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Mansfield data

$
Home Value
$152,993
2BR Rent
$1,035/mo
Mortgage Rate
7%
Monthly P&I
$814/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $1,127/movs rent: $1,035/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $152,993 home at 7% rate

20% — $30,599
3%50%
Estimated Monthly Payment
$814
per month · 30 years · 7% APR
Loan Amount
$122,394
Total Paid
$293,145
Total Interest
$170,751
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Mansfield

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Frequently Asked Questions

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🏘️Neighborhoods in Mansfield

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Mansfield

Is it cheaper to rent or buy here?

💵Rent Affordability in Mansfield

Salary needed to afford rent here

🗺️All Cities in OH

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⚖️Compare Mansfield

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📋OH Tenant Rights

Deposit limits, eviction laws & renters protections