Lakewood, OH Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Lakewood is $1,221, a 2.85% increase compared to the previous year, when the average rent was $1,187.
Studio Apartments at $878 offer the most budget-friendly option with 449 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 644 square feet for $1,080, balancing privacy and affordability.
Two-beedroom units at $1,408 offer 913 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,489 sq ft) for $2,045, suitable for larger households.
Average rent in Lakewood, OH
Last updated: November 18, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,221 | 758 sq. ft. |
| Studio | $878 | 449 sq. ft. |
| 1 Bed | $1,080 | 644 sq. ft. |
| 2 Beds | $1,408 | 913 sq. ft. |
| 3 Beds | $2,045 | 1,489 sq. ft. |
Lakewood, OH rent trends
Rental prices in Lakewood, OH have increased by 2.85% over the past year. The average rent moved from $1,187 to $1,221.
What's the typical rent budget in Lakewood, OH?
The largest share of rentals in Lakewood, OH (43%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Lakewood, OH?
14,737 or 55% of the households in Lakewood, OH are renter-occupied while 11,832 or 45% are owner-occupied.
How Lakewood Compares to Other Cities
| City | Average Rent |
|---|---|
| Lakewood | $1,221 |
| Columbus | $1,335 |
| Cincinnati | $1,451 |
| Cleveland | $1,546 |
| Warren | $917 |
| Dayton | $1,083 |
| Northwest Ohio | $1,088 |
| Akron | $1,107 |
| Toledo | $971 |
| Westerville | $1,519 |
| Union | $1,328 |
| Cleveland Heights, OH | $1,180 |
| Shaker Heights | $1,748 |
| Euclid, OH | $876 |
| Lorain, OH | $949 |
| Beachwood, OH | $2,072 |
| East Cleveland, OH | $933 |
| Westlake, OH | $1,719 |
| Berea, OH | $1,229 |
| Parma, OH | $1,090 |
| Elyria, OH | $1,001 |
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 Lakewood 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.