RentData

Average Rent in Preble County, OH↑ Rents rising 3.1% YoY🔻 5th cheapest in OH

HUD FY2027 · Official government data · Updated annually · Metro pop. 40,802

Data review: HUD FY2027Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Preble County, OH has rental prices ranging from $758/month to $1,412/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $767/month — 45% below the national average of $1,400/month. With a median household income of $71,237/year, spending $767/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Preble County Compares

With an average 2-bedroom rent of $1,003/month, Preble County ranks #68 most expensive of the 72 cities tracked in Ohio — more affordable than 67% of all US cities in our data.

The Preble County Rental Market

The Preble County, OH area has a population of about 40,802 and 21% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Preble County, OH have risen by $30/month (3.1%) over the past year, from $973 to $1,003. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Preble County, OH without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,680. The local median household income of $71,237 exceeds that threshold by $40,557, making Preble County relatively accessible compared to local wages.

Economy & Jobs

Preble County, OH has an unemployment rate of 3.2%, 0.7 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2027
Studio
$758
Affordable
1 Bedroom
$767
Affordable
2 Bedrooms
$1,003
↑3.1% YoY
Affordable
3 Bedrooms
$1,332
Affordable
4 Bedrooms
$1,412
Affordable
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Is Preble County, 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
$40,120/year
Local median income: $71,237
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $1,003/month and 20% down on a — 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 Preble County?

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

Should I Rent or Buy?

Break-even analysis using real Preble County data

$
Home Value
$350,000
2BR Rent
$1,003/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 4 years — worth it if you stay 4+ years.

Total monthly buy cost: $2,577/movs rent: $1,003/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Preble County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Preble County

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💵Rent Affordability in Preble County

Salary needed to afford rent here

🗺️All Cities in OH

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⚖️Compare Preble County

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📋OH Tenant Rights

Deposit limits, eviction laws & renters protections