Cleveland, OH Rental Market Trends
Highlights
The average rent for an apartment in Cleveland is $1,123, a 3% increase compared to the previous year.
Average Rent in Cleveland, OH
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,123 | 3% | 803 sq. ft. |
The average size for a Cleveland, OH apartment is 803 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
- < $5002%
- $501-$70023%
- $701-$1,00032%
- $1,001-$1,50022%
- $1,501-$2,00015%
- > $2,0007%
Cleveland, OH Occupied Housing Units
- Renter-occupied Households51%
- Owner-occupied Households48%
87,053 or 51% of the households in Cleveland, OH are renter-occupied while 82,312 or 48% are owner-occupied.
Cleveland, OH Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cleveland, OH | $973 | $989 | $1,009 | $1,023 | $1,020 | $1,053 | $1,068 | $1,076 | $1,101 | $1,098 | $1,123 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Cleveland, OH By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Woodland Hills | $488 |
| Kinsman | $488 |
| Union-Miles Park | $551 |
| South Broadway | $577 |
| Jefferson | $597 |
| South Collinwood | $634 |
| Brooklyn-Center | $635 |
| West Park - Kamm's Corners | $651 |
| North Collinwood | $673 |
| Euclid-Green | $691 |
| Old Brooklyn | $701 |
| Mt. Pleasant | $726 |
| Buckeye-Shaker | $739 |
| Riverside | $746 |
| Corlett | $747 |
| Puritas-Longmead | $781 |
| West Boulevard | $844 |
| Cudell | $844 |
| Stockyards | $851 |
| Clark-Fulton | $853 |
| St. Clair-Superior | $876 |
| Edgewater | $1,000 |
| Detroit-Shoreway | $1,000 |
| North Broadway | $1,009 |
| Lee-Miles | $1,149 |
| Central Cleveland | $1,281 |
| Goodrich-Kirkland Park | $1,311 |
| Tremont | $1,387 |
| Ohio City | $1,422 |
| Downtown Cleveland | $1,459 |
| Fairfax | $1,472 |
| Hough | $1,497 |
| Glenville | $1,497 |
| Industrial Valley | $1,522 |
| University | $1,580 |
The most affordable neighborhoods in Cleveland are Kinsman, where the average rent goes for $488/month, Woodland Hills, where renters pay $488/mo on average, and Union-Miles Park, where the average rent goes for $551/mo. If you’re looking for other great deals, check out the listings from South Broadway ($577), Jefferson ($597), and South Collinwood ($634), where the asking prices are below the average Cleveland rent of $1,123/mo.
The most expensive neighborhoods in Cleveland are Hough ($1,497), Industrial Valley ($1,522) and University ($1,580).
The most popular neighborhood in Cleveland is Downtown Cleveland, where there are 19 verified RENTCafé listings with an average rent of $1,459. Next up is Buckeye-Shaker, where apartments go for $739/month, followed by University with $1,580 If you’re looking to rent in Cleveland’s most popular neighborhoods, make sure to also check out Edgewater, where renters pay $1,000 on average, and Ohio City, where the average monthly rent is $1,422.
Cleveland | Rent Comparison by Neighborhood
Rent in Brooklyn-Center is 14% lower than in Buckeye-Shaker
Brooklyn-Center rent is 43% lower than Cleveland average
| Average Rent | $635 |
|---|
Buckeye-Shaker rent is 34% lower than Cleveland average
| Average Rent | $739 |
|---|
How Cleveland Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Cincinnati | $1,007 | 4% |
| Columbus | $959 | 4% |
| Northwest Ohio | $788 | 5% |
| Dayton | $808 | 5% |
| Cleveland | $1,123 | 3% |
| Akron | $846 | 2% |
| Shaker Heights | $1,273 | n/a |
| Euclid | $712 | 5% |
| Cleveland Heights | $1,196 | 12% |
| Lakewood | $917 | 7% |
| Bedford Heights | $764 | 3% |
For more information about the Cleveland rental trends, check out our monthly rent report
Check out Ohio Cities, Ohio Neighborhoods and Ohio Zip Codes for more details on verified listings, including the Ohio Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!