Average Rent in Cleveland, OH: $1,233/mo

About Rent Prices in Cleveland, OH

Cleveland offers one of America's most affordable major city experiences while maintaining world-class cultural institutions like the Cleveland Orchestra and Rock and Roll Hall of Fame. Lake Erie waterfront, renewed downtown, and strong healthcare sector provide quality urban living at budget prices.

The fair market rent (FMR) in Cleveland, OH represents the 40th percentile of gross rents for standard quality rental housing. This data is published annually by the U.S. Department of Housing and Urban Development (HUD) and is used for various housing programs including Section 8 vouchers. As of 2025, the median rent for a 2-bedroom apartment is $1,233 per month.

Rent by Apartment Size in Cleveland, OH

The Cleveland Rental Market

Cleveland has an extremely renter-friendly market with very low prices and good availability. Ohio has no rent control. The city's affordable housing makes homeownership accessible, which affects rental demand. Landlords typically require proof of income at 2-3x monthly rent with more flexibility than expensive markets.

Neighborhoods in Cleveland

Downtown Cleveland, Ohio City, and Tremont command the highest rents while remaining very affordable nationally. University Circle near the museums has demand. Lakewood offers inner-ring suburban living. More affordable areas include the East Side, West Park, and suburbs like Parma and Euclid. Many neighborhoods offer character at low prices.

Renter's Guide to Cleveland

Lake Erie creates lake-effect snow in winter. The city has worked to revitalize downtown with some success. Public transit exists but car ownership is typical. Many industrial buildings have converted to lofts. The city's affordability allows for good quality of life. Start searching 3-4 weeks before moving.

Cost of Living Considerations

Cleveland offers exceptional value with very low cost of living. Ohio has state income tax but overall expenses are minimal. Winter heating costs can be significant. Car ownership is helpful though public transit exists. Food and entertainment are very affordable. World-class cultural institutions are accessible despite low costs.

Rental Market Trends in Cleveland

Understanding recent trends helps renters time their apartment search effectively. The Cleveland, OHrental market has been influenced by population migration patterns, remote work adoption, and local economic conditions. Seasonal variations typically show higher demand and prices in summer months when families prefer to move, while winter often brings more negotiating power for renters.

New apartment construction in Cleveland affects supply and pricing dynamics. Areas experiencing significant development may see rent stabilization or decreases as more units come to market, while established neighborhoods with limited new construction tend to see steady price appreciation. Monitoring vacancy rates provides insight into market tightness - rates below 5% typically indicate a competitive market favoring landlords.

What Affects Rent Prices in Cleveland?

• Location: Proximity to downtown, employment centers, and desirable neighborhoods significantly impacts rent. In Cleveland, location can create 30-50% price variations.
• Building Quality: Newer buildings with modern amenities command premium rents. Expect to pay 15-25% more for properties built within the last 5 years.
• Transportation: Access to public transit or major highways affects desirability and rent prices. Properties within walking distance of transit often command 10-20% premiums.
• Local Economy: Job market strength and major employer presence drive rental demand. Cleveland's primary employment sectors directly influence neighborhood pricing.
• Schools: Family-oriented renters pay premiums for quality school districts. Top-rated school zones can add 20-30% to comparable properties.
• Safety: Crime rates and neighborhood safety influence pricing significantly. Low-crime neighborhoods typically command meaningful premiums.
• Amenities: In-unit laundry, parking, pools, fitness centers, and other building amenities can add $100-300+ monthly to base rent.

Tips for Renting in Cleveland