RentData

Average Rent in Mansfield, OH Rents rising 7.4% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 125,138

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Mansfield, OH has rental prices ranging from $649/month to $1,462/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $738/month — 47% below the national average of $1,400/month. With a median household income of $57,649/year, spending $738/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How Mansfield Compares

With an average 2-bedroom rent of $924/month, Mansfield ranks #26 most expensive of the 68 cities tracked in Ohio — more affordable than 64% 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 $64/month (7.4%) over the past year, from $860 to $924. 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 $29,520. The local median household income of $57,649 exceeds that threshold by $28,129, making Mansfield relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Mansfield, OH is $154,486, giving a price-to-rent ratio of 13.9. The break-even point between renting and buying is roughly 14 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Fair Market Rents

HUD FY2025
Studio
$649
Affordable
1 Bedroom
$738
Affordable
2 Bedrooms
$924
7.4% YoY
Affordable
3 Bedrooms
$1,266
Affordable
4 Bedrooms
$1,462
Average
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Median Home Value
$154,486
Source: Zillow ZHVI
Est. monthly payment
$822/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
$36,960/year
Local median income: $57,649
To buy a median home
$32,890/year
US national median: $75,000
💡 Based on a 2BR rent of $924/month and 20% down on a $154,486 home at 7% rate.

Nearby Cities in OHlargest metros in the state

CityStudio1BR2BR3BRHome Value
Brown County$726$731$947$1,273
Columbus$1,104$1,194$1,445$1,741
Dayton$780$845$1,077$1,390
Akron$799$880$1,131$1,398
Ottawa County$677$753$988$1,190
Toledo$745$805$1,056$1,371

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
$154,486
2BR Rent
$924/mo
Mortgage Rate
7%
Monthly P&I
$822/mo
🏠 Buy

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

Total monthly buy cost: $1,138/movs rent: $924/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 $154,486 home at 7% rate

20% — $30,897
3%50%
Estimated Monthly Payment
$822
per month · 30 years · 7% APR
Loan Amount
$123,589
Total Paid
$296,006
Total Interest
$172,417
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Mansfield

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🏘️Neighborhoods in Mansfield

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⚖️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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📋OH Tenant Rights

Deposit limits, eviction laws & renters protections