Study: Cost of rent in Cincinnati grows more than any other major metro in the U.S.

CINCINNATI — The median cost of new properties for rent in Cincinnati grew more than any other major metro in the United States in May, according to a study by real estate company Redfin.

Redfin says the median asking price of rent in the Cincinnati metro area (which includes the entirety of the Tri-State) grew 7.4% in May compared to the same time period last year. That median price was $1,460, according to Redfin.

That increase was larger than any of the 44 major metropolitan areas that Redfin examined.

Rent in Cincinnati costs more than its peer cities of the region in Cleveland ($1,283), Columbus ($1,427), Indianapolis ($1,399) and Louisvile ($1,268), according to Redfin's data. Pittsburgh slightly eclipses Cincinnati's rent with $1,495, but only had a 3.5% increase year over year.