Cleveland, OH Rental Market Trends

Highlights

The average rent for an apartment in Cleveland is $1,097, a 3% increase compared to the previous year.

Average Rent in Cleveland, OH

Last updated August 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,097	3%	801 sq. ft.

The average size for a Cleveland, OH apartment is 801 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Cleveland, OH Apartment Rent Ranges

$501-$70028%
$701-$1,00028%
$1,001-$1,50022%
$1,501-$2,00016%
> $2,0006%

Cleveland, OH Occupied Housing Units

Renter-occupied Households50%
Owner-occupied Households49%

84,983 or 50% of the households in Cleveland, OH are renter-occupied while 83,513 or 49% are owner-occupied.

Cleveland, OH Rent Trends

Average Rent	Jul / 2016	Nov / 2016	Mar / 2019	Jul / 2019	Nov / 2019	Mar / 2019	Jul / 2019	Nov / 2019	Mar / 2019	Aug / 2019
Cleveland, OH	$920	$925	$989	$1,009	$1,023	$1,020	$1,053	$1,068	$1,023	$1,097
National	$1,343	$1,351	$1,347	$1,379	$1,382	$1,347	$1,379	$1,382	$1,347

Average Rent in Cleveland, OH By Neighborhood

Neighborhood	Average Rent
Woodland Hills	$491
Kinsman	$491
Union-Miles Park	$539
South Broadway	$558
Jefferson	$602
Brooklyn-Center	$624
West Park - Kamm's Corners	$646
South Collinwood	$659
Euclid-Green	$681
North Collinwood	$685
Old Brooklyn	$695
Riverside	$722
Mt. Pleasant	$723
Buckeye-Shaker	$738
Puritas-Longmead	$751
Corlett	$761
West Boulevard	$838
Cudell	$838
Clark-Fulton	$841
Stockyards	$844
St. Clair-Superior	$868
North Broadway	$973
Edgewater	$987
Detroit-Shoreway	$987
Lee-Miles	$1,149
Central Cleveland	$1,295
Goodrich-Kirkland Park	$1,322
Fairfax	$1,338
Hough	$1,365
Glenville	$1,365
Tremont	$1,372
Ohio City	$1,410
University	$1,450
Downtown Cleveland	$1,465
Industrial Valley	$1,528

The most affordable neighborhoods in Cleveland are Kinsman, where the average rent goes for $491/month, Woodland Hills, where renters pay $491/mo on average, and Union-Miles Park, where the average rent goes for $539/mo. If you’re looking for other great deals, check out the listings from South Broadway ($558), Jefferson ($602), and Brooklyn-Center ($624), where the asking prices are below the average Cleveland rent of $1,097/mo.

The most expensive neighborhoods in Cleveland are University ($1,450), Downtown Cleveland ($1,465) and Industrial Valley ($1,528).

Cleveland | Rent Comparison by Neighborhood

Rent in Brooklyn-Center is 15% lower than in Buckeye-Shaker

$624

Brooklyn-Center rent is 43% lower than Cleveland average

Average Rent	$624

$738

Buckeye-Shaker rent is 33% lower than Cleveland average

Average Rent	$738

How Does Cleveland Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Cleveland	$1,097	3%
Shaker Heights	$1,279	2%
Euclid	$692	3%
Cleveland Heights	$1,086	8%
Lakewood	$886	6%
Westlake	$1,215	6%
Mayfield Heights	$894	4%
Rocky River	$1,009	6%
Woodmere	$1,540	2%
Bedford Heights	$754	3%
Brook Park	$708	7%

For more information about the Cleveland rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Cleveland apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.