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In Hermitage, 12% of the residents are renting compared to 88% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Hermitage's rentals, 25% are small-scale complexes with under 50 units, and 50% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Hermitage are about 14 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Hermitage are around 0% of rentals, while 1-bedroom floor plans represent 73% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 27% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.