Cleveland, OH Rental Market Trends
What is the average rent in Cleveland?
The average rent for an apartment in Cleveland is $1,155, a 4% increase compared to the previous year.
Average Rent in Cleveland, OH
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,155 | 4% | 806 sq. ft. |
What is the average apartment size in Cleveland?
The average size for a Cleveland, OH apartment is 806 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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
- < $5001%
- $501-$70015%
- $701-$1,00036%
- $1,001-$1,50025%
- $1,501-$2,00015%
- > $2,0008%
Cleveland, OH Occupied Housing Units
- Renter-occupied Households51%
- Owner-occupied Households48%
88,391 or 51% of the households in Cleveland, OH are renter-occupied while 82,158 or 48% are owner-occupied.
Cleveland, OH Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cleveland, OH | $1,020 | $1,053 | $1,068 | $1,076 | $1,101 | $1,098 | $1,129 | $1,132 | $1,122 | $1,147 | $1,155 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Cleveland, OH By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| University | $1,599 |
| Industrial Valley | $1,535 |
| Glenville | $1,510 |
| Hough | $1,510 |
| Fairfax | $1,483 |
| Downtown Cleveland | $1,475 |
| Ohio City | $1,414 |
| Central Cleveland | $1,395 |
| Tremont | $1,374 |
| Goodrich-Kirkland Park | $1,339 |
| Lee-Miles | $1,216 |
| Detroit-Shoreway | $1,038 |
| Edgewater | $1,038 |
| North Broadway | $1,026 |
| St. Clair-Superior | $892 |
| Clark-Fulton | $888 |
| Stockyards | $886 |
| Cudell | $877 |
| West Boulevard | $877 |
| Puritas-Longmead | $786 |
| North Collinwood | $776 |
| South Collinwood | $776 |
| Riverside | $769 |
| Corlett | $767 |
| Buckeye-Shaker | $764 |
| Mt. Pleasant | $751 |
| Euclid-Green | $734 |
| Old Brooklyn | $733 |
| West Park - Kamm's Corners | $670 |
| Brooklyn-Center | $667 |
| Jefferson | $622 |
| South Broadway | $594 |
| Union-Miles Park | $558 |
| Kinsman | $469 |
| Woodland Hills | $469 |
What are the most affordable neighborhoods in Cleveland?
The most affordable neighborhoods in Cleveland are Kinsman, where the average rent goes for $469/month, Woodland Hills, where renters pay $469/mo on average, and Union-Miles Park, where the average rent goes for $558/mo. If you’re looking for other great deals, check out the listings from South Broadway ($594), Jefferson ($622), and Brooklyn-Center ($667), where the asking prices are below the average Cleveland rent of $1,155/mo.
What are the most expensive neighborhoods in Cleveland?
The most expensive neighborhoods in Cleveland are Hough ($1,510), Industrial Valley ($1,535) and University ($1,599).
What are the most popular neighborhoods in Cleveland?
The most popular neighborhood in Cleveland is Downtown Cleveland, where there are 19 verified RENTCafé listings with an average rent of $1,475. Next up is University, where apartments go for $1,599/month, followed by Buckeye-Shaker with $764 If you’re looking to rent in Cleveland’s most popular neighborhoods, make sure to also check out Edgewater, where renters pay $1,038 on average, and Ohio City, where the average monthly rent is $1,414.
Cleveland | Rent Comparison by Neighborhood
Rent in Brooklyn-Center is 13% lower than in Buckeye-Shaker
Brooklyn-Center rent is 42% lower than Cleveland average
| Average Rent | $667 |
|---|
Buckeye-Shaker rent is 34% lower than Cleveland average
| Average Rent | $764 |
|---|
How Cleveland Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Columbus | $1,022 | 5% |
| Cincinnati | $1,040 | 2% |
| Cleveland | $1,155 | 4% |
| Northwest Ohio | $818 | 4% |
| Dayton | $867 | 6% |
| Delaware | $1,070 | 8% |
| Cuyahoga Falls | $866 | 3% |
| Euclid | $707 | -1% |
| Cleveland Heights | $1,221 | 2% |
| Shaker Heights | $1,348 | 6% |
| Kent | $1,115 | n/a |