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Terrace Park, OH Homes for Rent

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  • /39

    $4,000 Per Month

    • 5 Beds
    • 3.5 Baths
    • 4,002 Sq Ft
    • House for Rent

    4 Lexington Cir, Terrace Park, OH 45174

    Ideally located on a private circle at the end of Lexington Ave, this contemporary home offers abundant natural light and a screened porch! Just a short walk or bike ride to school, bike trail, play fields, etc. Make this spot your destination!

    Ogle Annett Coldwell Banker Realty

    4 Lexington Cir, Terrace Park, OH 45174
  • /99

    $8,000 Per Month

    • 4 Beds
    • 3 Baths
    • 2,859 Sq Ft
    • House for Rent

    306 Harvard Ave, Terrace Park, OH 45174

    Fully furnished and available 3/1, this 4-bedroom, 3-full-bath home is located in the heart of Terrace Park within the Mariemont School District. The home has been thoughtfully updated and offers spacious living areas ideal for everyday living. The finished basement features a family room with a wet bar, creating a great additional space for relaxing or hosting. Step outside to a backyard perfect

    Avery Lindner Coldwell Banker Realty

    306 Harvard Ave, Terrace Park, OH 45174

Why Live in Terrace Park

Terrace Park, located about 15 miles east of Cincinnati, Ohio, is a suburb known for its unique homes and strong community feel. The area hosts monthly events, including the annual lighting of the green and Easter egg hunts, organized by the active Historical Society. Terrace Park boasts some of the strongest schools in the state, with students attending Terrace Park Elementary School, Mariemont Junior High, and Mariemont High School, all highly rated. Housing styles range from ranch-style builds and Colonials to large Victorian homes, with both new construction and historic houses available. Streets are quiet, often ending in private cul-de-sacs, and homes feature large lots with mature trees. Outdoor activities are plentiful, with hiking trails, parks, and the Little Miami River nearby. Stanton Field offers open green space, while the Miami Grove Nature Preserve and Kroger Hills State Reserve provide miles of hiking and biking trails. The Terrace Park Swim and Tennis Club and the Terrace Park Country Club cater to those interested in swimming, tennis, and golf. Dining options include The Birch, Covalt Station, Golden State, and Little Miami Brewing Company, each offering unique atmospheres and menus. For shopping, residents frequent Harvest Market, Lehr’s Market, and a nearby Kroger. The Go Metro bus system provides convenient transportation throughout the Cincinnati area, with frequent stops along Route 50, while Interstate 275 offers easy access for drivers.

Frequently Asked Questions

How much does it cost to rent a home in Terrace Park, OH?
The median rent for a home in Terrace Park, OH is $6,000 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Terrace Park, OH?
To comfortably afford the median rent in Terrace Park, OH, a household needs to earn roughly $240,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $6,000 per month in Terrace Park, OH, renters typically need to show $18,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Terrace Park, OH?
In Terrace Park, OH, the price-to-rent ratio is 10.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Terrace Park, OH are best for renting a home?
The best neighborhood for renting in Terrace Park, OH depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Madisonville, Kennedy Heights, Oakley, Outer Loveland and Mount Washington, each with its own character and price range.

Rental Home Trends in Terrace Park, OH

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$6,000
Median Single Family Home Rent
$6,000
How to Rent a Home