Rental market trends in Cleveland, OH
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Average Apartment Cost in Cleveland, OH
Apartment Rent Ranges in Cleveland, OH
Apartment Prices Proportion | |
|---|---|
Neighborhood Apartment Rent Trends in Cleveland, OH
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Hough | $1,612 | +7% |
| Riverside | $1,450 | -- |
| University Circle | $1,400 | +1% |
| Tower City District | $1,220 | -- |
| Fairhill Village | $1,155 | -- |
| Gateway District | $982 | +3% |
| Downtown | $952 | -1% |
| Warehouse District | $937 | +35% |
| Ohio City | $909 | -26% |
| Playhouse Square | $874 | -9% |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Ohio City | $1,649 | +4% |
| Euclid - Green | $1,645 | -6% |
| Little Italy | $1,625 | -- |
| University Circle | $1,625 | +9% |
| Warehouse District | $1,562 | +1% |
| Downtown | $1,473 | +1% |
| The Flats | $1,466 | +13% |
| Hough | $1,425 | -21% |
| Tower City District | $1,410 | +7% |
| Gateway District | $1,374 | -3% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| University Circle | $2,445 | +9% |
| Gateway District | $2,250 | +5% |
| Hough | $2,188 | -16% |
| Warehouse District | $2,162 | +1% |
| Downtown | $2,100 | -1% |
| Tower City District | $1,889 | +7% |
| Ohio City | $1,864 | -5% |
| Tremont | $1,845 | +9% |
| Euclid - Green | $1,752 | -2% |
| The Flats | $1,734 | -3% |
How Other Cities Compare to Cleveland, OH
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Westlake | $1,628 | +15% |
| Cleveland Heights | $1,485 | +130% |
| Mentor | $1,480 | -- |
| Avon | $1,480 | -- |
| Beachwood | $1,379 | -8% |
| Akron | $1,140 | +9% |
| Kent | $850 | 0% |
| Strongsville | $810 | -- |
| Lakewood | $760 | +4% |
| Wooster | $745 | -- |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Westlake | $1,547 | +11% |
| Solon | $1,437 | +7% |
| Kent | $1,195 | +6% |
| Brunswick | $1,165 | +14% |
| Stow | $1,145 | +13% |
| North Canton | $1,032 | 0% |
| Lakewood | $975 | +3% |
| Mentor | $960 | +14% |
| Willoughby | $890 | +15% |
| Strongsville | $882 | -7% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Avon | $2,100 | -- |
| Berea | $1,765 | +92% |
| Solon | $1,677 | +4% |
| Kent | $1,449 | +4% |
| Lakewood | $1,435 | +20% |
| Brunswick | $1,394 | +11% |
| Westlake | $1,374 | -2% |
| Stow | $1,334 | +10% |
| North Canton | $1,255 | +5% |
| Willoughby | $1,250 | +35% |
Cleveland, OH Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 |
| $900 | $903 | $903 | $912 | $917 | $903 | $907 | $948 | $945 | $935 | $984 | $959 | $952 |
| $1445 | $1462 | $1462 | $1462 | $1458 | $1401 | $1424 | $1450 | $1398 | $1411 | $1437 | $1431 | $1446 |
| $1996 | $2049 | $2070 | $2070 | $2058 | $2007 | $2047 | $1899 | $1971 | $1929 | $1911 | $1971 | $2047 |
| $1320 | $1277 | $1417 | $1337 | $1392 | $1599 | $1532 | $1482 | $1993 | $2044 | $1953 | $1862 | $1735 |
Neighborhood Information for Cleveland, OH
What are the most affordable neighborhoods in Cleveland, OH?
The most affordable neighborhoods in Cleveland are Woodland Hills, where the average 1-bedroom apartment rent goes for $552, West Boulevard, where renters pay $585 on average for a 1-bedroom apartment, and Jefferson, where the average 1-bedroom apartment rent goes for $605. If you're looking for other great deals, check out the listings in Broadway Slavic Village ($650 for a 1-bedroom apartment) or South Broadway ($650 for a 1-bedroom apartment), compared to the $1,450 average for a Cleveland 1-bedroom apartment.
What are the most expensive neighborhoods in Cleveland, OH?
The most expensive neighborhoods in Cleveland are Ohio City, where the average 1-bedroom apartment rent goes for $1,649, Euclid - Green, where renters pay $1,645 on average for a 1-bedroom apartment, and Little Italy, where the average 1-bedroom apartment rent goes for $1,625. If you're looking for other premium neighborhoods, check out the listings in University Circle ($1,625 for a 1-bedroom apartment) or Warehouse District ($1,562 for a 1-bedroom apartment), compared to the $1,450 average for a Cleveland 1-bedroom apartment.
What are the most popular neighborhoods in Cleveland, OH?
The most popular neighborhoods in Cleveland are Woodland Hills, where the average 1-bedroom apartment rent goes for $552, Playhouse Square, where renters pay $1,068 on average for a 1-bedroom apartment, and CSU - Euclid Corridor, where the average 1-bedroom apartment rent goes for $1,100. If you're looking for other popular neighborhoods, check out the listings in Campus District ($829 for a 1-bedroom apartment) or University Circle ($1,625 for a 1-bedroom apartment), compared to the $1,450 average for a Cleveland 1-bedroom apartment.
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