Rent Tracker
Rent Inflation in Canton, OH
The average asking rent in Canton, OH is $1,131/month as of 2026-08. That is +4.2% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,131/mo
as of 2026-08
Year-over-Year Change
+4.2%
24-Month Rent Trend
Monthly ZORI index values for Canton, OH.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,131 | -0.26% |
| 2026-07 | $1,134 | +1.16% |
| 2026-06 | $1,121 | +0.63% |
| 2026-05 | $1,114 | +0.72% |
| 2026-04 | $1,106 | +0.73% |
| 2026-03 | $1,098 | +0.64% |
| 2026-02 | $1,091 | +0.18% |
| 2026-01 | $1,089 | +0.09% |
| 2025-12 | $1,088 | +0.00% |
| 2025-11 | $1,088 | -0.09% |
| 2025-10 | $1,089 | +0.46% |
| 2025-09 | $1,084 | -0.09% |
| 2025-08 | $1,085 | +0.74% |
| 2025-07 | $1,077 | -0.37% |
| 2025-06 | $1,081 | +0.37% |
| 2025-05 | $1,077 | +0.28% |
| 2025-04 | $1,074 | +0.66% |
| 2025-03 | $1,067 | +1.23% |
| 2025-02 | $1,054 | +0.19% |
| 2025-01 | $1,052 | +0.29% |
| 2024-12 | $1,049 | +0.10% |
| 2024-11 | $1,048 | +0.67% |
| 2024-10 | $1,041 | +0.19% |
| 2024-09 | $1,039 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices