The average monthly rent of apartments in Lakewood, OH is $1,007.
The average monthly rent of apartments in Lakewood, OH is $1,007.
About 22% of apartment rents in Lakewood, OH range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 9% of apartments. Around 44% of Lakewood’s apartments are in the $701-$1,000 price range. 22% of apartments are priced between $501-$700.
Compared to the national average rent of $1,706, the average rent in Lakewood, OH is $1,007.
Prices and availability in Lakewood, OH were last updated on 4 Dec 2022.
The average rent in Lakewood, OH is $1,007. Start your search for apartments in Lakewood, OH now.
The price range for a 1-bedroom apartment in Lakewood, OH is between $850 and $945. Browse all available 1-bedroom apartments in Lakewood, OH now.
The price range for a 2-bedroom apartment in Lakewood, OH is between $850 and $1,200. Browse and find a 2-bedroom apartment in Lakewood, OH.
In Lakewood 57% of the housing is rented out compared to 43% of homes are owned, according to the most recent Census Bureau estimates. 23% of Lakewood’s apartments are found in large buildings of 50 units or more, 68% are located in smaller apartment complexes with less than 50 units, and 9% 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 Lakewood are about 60 years old, on average. Of these, 3% 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 8 stories. About 29% of the rental communities here are low-rise, garden-style communities, 56% are mid-rises, and 15% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Rental apartments in Lakewood come in a range of sizes and floorplans. Studio apartments represent 11% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 50% of the total apartments in the city, while 2-bedroom floorplans represent around 37% of all rentals in Lakewood. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Situated on the southern shore of Lake Erie in Ohio, Lakewood is a densely populated suburb of Cleveland, located some 7 miles away. Lakewood often ranks as one of the best places to live in Ohio and the entire U.S. due to its attractive housing options, diversity, top-ranking schools and lakeside living. Those relocating from hot areas will appreciate Lakewood’s humid continental climate, with cloudy summers and freezing winters. Average temperatures range between 22°F and 81°F year-round, with minimal rainfall and plenty of snow. Nicknamed the “City of Beautiful Homes,” Lakewood renters enjoy the perks of living in spacious lakeside homes with large yards, wide sidewalks and luxury amenities within walking distance.
Lakewood has a blend of single-family lakeside properties, historic homes and modern apartment buildings. One of the most desirable places to rent in Lakewood is Gold Coast, a lakefront neighborhood that includes many high-rise apartment communities. Clifton Park, situated in the northwestern part of town, is the most exclusive area of Lakewood, where you will find custom-made Victorian mansions. For renters who are on a budget, Birdtown offers more affordable rental options. This densely populated neighborhood mainly comprises two- to three-story apartment buildings and small single-family homes. Some landlords may require renters’ insurance and a security deposit, but these are not mandatory by law. Landlords must send a written notice within a reasonable period before increasing rent or evicting a renter. The payment of utilities is agreed upon between the landlord and the renter and it’s usually excluded from the rent price.
Lakewood, OH has a population of 50,002 according to the most recent data from the U.S. Census Bureau. 25,658 of Lakewood’s residents are women and 24,344 are men. The median age of those who live in Lakewood, OH is 34.
Lakewood renters have access to several shopping venues, the most popular being Westgate Shopping Center, Westown Square and Westown Shopping Plaza. These shopping centers are home primarily to big-box stores, so upscale shopping opportunities are rather limited in Lakewood. Instead, residents usually head to Cleveland’s large shopping malls that feature plenty of designer and brand stores. Walmart, Sam’s Club, Home Depot, Whole Foods Market, Target and Dollar Tree are also present in Lakewood for grocery and home goods shopping. Additionally, there are lots of boutiques, specialty stores, gift shops and various locally owned businesses along Madison and Detroit Avenues.
According to U.S. Census data, there are 25,421 households in Lakewood, OH. 10,308 are family households and 15,113 are non-family households. There are 4,584 households with children in Lakewood and 20,837 households without children. On average, about 1.95 people live in a household in Lakewood, OH.
Lakewood is very walkable and bikeable, so it’s easy to accomplish most errands by foot. Still, many renters prefer to use their cars to commute for work, mainly because major thoroughfares like Interstate 90 and U.S. Route 20 that go through Lakewood. In addition, the limited-access freeway Cleveland Memorial Shoreway follows the shore of Lake Erie and serves as a transportation hub to and from downtown Cleveland. Lakewood does offer several public transit options. The Greater Cleveland Regional Transit Authority (RTA) serves the area with multiple bus lines and rapid transit systems connecting it to the Red Line. For renters who favor convenience, ridesharing operators Uber and Lyft are also available in the area. For air travel, the Cleveland Hopkins International Airport, located just 6 miles away, operates both domestic and international flights.
The level of education of the population of Lakewood, OH is as follows: 2% have no high school education, 22% completed some high school, 24% partially completed college, 7% have an Associate Degree, 29% have a Bachelor Degree, and 15% have a Graduate Degree.
Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.
Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!
RentCafe is your one-stop shop for finding a great new apartment in Lakewood, OH. Easily search through a wide selection of apartments for rent in Lakewood, OH, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Lakewood, OH apartments with rents starting from $500 and submit your rental application today!