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Washer and Dryer Equipped Downtown houses for rent - Lakewood, OH

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Average Rent in Lakewood, OH

Avg. RentAnnual Change
Lakewood Studio - $995+11%
Lakewood 1 Bed - $1,147+16%
Lakewood 2 Beds - $1,4350%
Last updated 6/20/2024

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Affordability

Last updated 6/20/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Downtown, Lakewood, OH

In Lakewood, OH, as of 2024, the average rent for apartments ranges from $995 to $1,435. Specifically, the average rent for a studio apartment in Downtown, Lakewood, OH is $995. For those seeking a 1-bedroom apartments, the average rent is $1,147. And for a 2-bedroom apartment, renters can expect to pay an average of $1,435.

Annual Rent Change Over the Past 12 Months

Studio

+11%

Changed from $896 to $995
1 Bed

+16%

Changed from $989 to $1,147
2 Beds

0%

Changed from $1,435 to $1,435
Last updated 6/20/2024

Cost of Living

Compared to State Average

1.8%

Compared to National Average

7.2%

The cost of living in Downtown, Lakewood, OH is 1.8% lower than the state average and 7.2% lower than the national average. Downtown, Lakewood, OH housing is 12.3% less expensive than the U.S average, while utilities are about 2% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 3% more in Downtown, Lakewood, OH than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 14.1% less here compared to the U.S. average.
Cost of Living in Downtown, Lakewood, OHCompared to State AverageCompared to National Average
Housing
3.2%
12.3%
Utilities
0.8%
2%
Food
0.6%
3%
Transportation
5.5%
10.6%
Healthcare
6.8%
14.1%

Compare Other Cities

CityStudio Avg RentAnnual Change
North Olmsted$1,799+7%
Mentor$1,499+11%
Avon$1,199-7%
Cleveland$1,014+6%
Lakewood$995+11%
Westlake$991-1%
Kent$8500%
Akron$799-30%
Mayfield Heights$753--
Wooster$7450%
Cuyahoga Falls$682+2%
Euclid$655+16%
Medina$629+5%
Elyria$5800%
City1 Bed Avg RentAnnual Change
Cleveland$1,537+9%
Westlake$1,519-3%
Chardon$1,481+38%
Parma$1,264+47%
Stow$1,215-10%
Kent$1,2000%
Lakewood$1,147+16%
Shaker Heights$1,100-15%
South Euclid$1,092--
Mayfield Heights$1,032+4%
North Olmsted$990+7%
Painesville$975+3%
Cuyahoga Falls$927+6%
Mentor$905-6%
Akron$825-1%
Wooster$824+10%
Euclid$800+7%
Medina$771+15%
Ravenna$740+4%
Sandusky$7250%
Elyria$690+17%
Maple Heights$680+9%
Garfield Heights$650--
Wadsworth$599-23%
City2 Beds Avg RentAnnual Change
Cleveland$2,137+1%
Parma$1,554+62%
Stow$1,5400%
Kent$1,527+2%
Lakewood$1,4350%
Westlake$1,3740%
South Euclid$1,330--
Chardon$1,306+15%
Mayfield Heights$1,275+5%
Medina$1,259+33%
Cuyahoga Falls$1,162+7%
Mentor$1,150+1%
Painesville$1,125-24%
North Olmsted$1,097+7%
Akron$1,032+4%
Wadsworth$975+3%
Garfield Heights$9500%
Sandusky$9400%
Euclid$925+4%
Wooster$889+9%
Ravenna$842+4%
Shaker Heights$830-26%
Elyria$825+14%
Maple Heights$800+9%

Compare Neighborhoods

Neighborhood1 Bed Avg RentAnnual Change
Downtown$1,192+19%
Rockport Square$1,050+20%
The Edge$850+3%
Birdtown$680--
Neighborhood2 Beds Avg RentAnnual Change
Downtown$1,887-2%
Hilliard Triangle$1,200--
Rockport Square$1,050--
The Edge$975+5%

Schools

Top Schools in Downtown Lakewood

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Houses in Nearby Cities

City1 Bed Price2 Beds Price
Lakewood, OH 0.2 miles$1,147$1,435
Cleveland, OH 5.5 miles$1,537$2,137
Edgewater, OH 0.3 miles------
Parma, OH 6.8 miles$1,264$1,554
Westlake, OH 6.5 miles$1,519$1,374
Elyria, OH 17.9 miles$690$825
Fairview Park, OH 4.5 miles$1,104$1,314
Garfield Heights, OH 11.1 miles$650$950
North Olmsted, OH 8 miles$990$1,097
Maple Heights, OH 13 miles$680$800

Find Houses in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Downtown$1,192$1,887
Hilliard Triangle 0.8 miles---$1,200
Rockport Square 1.3 miles$1,050$1,050
The Edge 1.5 miles$850$975
Birdtown 1.4 miles$680---
Clifton Park 1.5 miles------