Report: Columbus' median rent price in May saw notable drop compared with last year

COLUMBUS, Ohio (WCMH) – In May, Columbus saw one of the largest year-over-year decreases in apartment asking rent prices compared with other large American cities, according to a recent report. 

The real estate company RedFin analyzed asking rent prices, or the initial advertised costs, in 44 of the country’s major metropolitan areas. The study found that the median price of asking rent fell in 28 cities – the most metros since 2023. 

“Apartment construction in America has been hovering near a 50-year high...