Downtown Cleveland, Cleveland, OH Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Cleveland is $1,707, a 0.57% decrease compared to the previous year, when the average rent was $1,716.
Studio Apartments at $1,131 offer the most budget-friendly option with 475 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 776 square feet for $1,558, balancing privacy and affordability.
Two-beedroom units at $2,072 offer 1,199 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,587 sq ft) for $2,987, suitable for larger households.
Average rent in Downtown Cleveland, Cleveland, OH
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,707 | 898 sq. ft. |
| Studio | $1,131 | 475 sq. ft. |
| 1 Bed | $1,558 | 776 sq. ft. |
| 2 Beds | $2,072 | 1,199 sq. ft. |
| 3 Beds | $2,987 | 1,587 sq. ft. |
Downtown Cleveland, Cleveland, OH rent trends
Rental prices in Downtown Cleveland, Cleveland, OH have decreased by 0.57% over the past year. The average rent moved from $1,716 to $1,707.
What's the typical rent budget in Downtown Cleveland, Cleveland, OH?
The largest share of rentals in Downtown Cleveland, Cleveland, OH (38%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Cleveland, Cleveland, OH?
3,775 or 86% of the households in Downtown Cleveland, Cleveland, OH are renter-occupied while 638 or 14% are owner-occupied.
Most affordable neighborhoods in Downtown Cleveland?
Old Brooklyn $897/month
Edgewater $941/month
North Collinwood $970/month
All of these neighborhoods fall below the city wide average of $1,543/month.Most expensive neighborhoods in Downtown Cleveland?
Ohio City $2,010/month
Tremont $2,050/month
University $2,189/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Cleveland, OH By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| University | $2,189 |
| Tremont | $2,050 |
| Ohio City | $2,010 |
| Detroit-Shoreway | $1,933 |
| Downtown Cleveland | $1,707 |
| Goodrich-Kirkland Park | $1,645 |
| Fairfax | $1,598 |
| Hough | $1,456 |
| Riverside | $1,187 |
| Buckeye-Shaker | $1,166 |
| Euclid-Green | $1,081 |
| Central Cleveland | $1,054 |
| Cudell | $1,042 |
| West Park - Kamm's Corners | $985 |
| North Collinwood | $970 |
| Edgewater | $941 |
| Old Brooklyn | $897 |
Cleveland | Rent Comparison by Neighborhood
Rent in Downtown Cleveland is 46% higher than in Buckeye-Shaker
Downtown Cleveland rent is the same as Cleveland average
Buckeye-Shaker rent is 32% lower than Cleveland average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Cleveland apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.