Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Lorain, OH Rental Market Trends
What is the average rent in Lorain?
The average rent for an apartment in Lorain is $702. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Lorain, OH
Last updated June 2022
| Average Rent | Average Apartment Size |
|---|---|
| $702 | 723 sq. ft. |
What is the average apartment size in Lorain?
The average size for a Lorain, OH apartment is 723 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.
Lorain, OH Apartment Rent Ranges
Lorain, OH Occupied Housing Units
10,917 or 41% of the households in Lorain, OH are renter-occupied while 15,193 or 58% are owner-occupied.
Lorain, OH Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Jun / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Lorain, OH | $627 | $621 | $627 | $637 | $643 | $651 | $640 | $652 | $688 | $702 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Lorain Compares to Other Cities
| City | Average Rent |
|---|---|
| Columbus | $1,096 |
| Cincinnati | $1,167 |
| Reynoldsburg | $1,108 |
| Dayton | $926 |
| Cleveland | $1,238 |
| Delaware | $1,185 |
| Northwest Ohio | $903 |
| Grove City | $1,134 |
| Galloway | $1,042 |
| Pickerington | $1,429 |
| Cleveland Heights | $1,296 |
| Shaker Heights | $1,411 |
| Euclid | $747 |
| Cuyahoga Falls | $953 |
| Lakewood | $991 |
| Medina | $1,188 |
| Elyria | $851 |
| Garfield Heights | $763 |
| Sheffield Lake | $1,177 |
| Lorain | $702 |
| Brunswick | $1,114 |
Most Popular Apartments in Lorain
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 Lorain apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.