Mentor-on-the-Lake, 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 Mentor-on-the-Lake is $1,157, a 8% increase compared to the previous year, when the average rent was $1,071.
One-bedroom apartments provide 765 square feet for $1,031, balancing privacy and affordability.
Two-beedroom units at $1,191 offer 962 square feet, perfect for roommates or small families.
Average rent in Mentor-on-the-Lake, OH
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,157 | 914 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,031 | 765 sq. ft. |
| 2 Beds | $1,191 | 962 sq. ft. |
| 3 Beds | n/a | n/a |
Mentor-on-the-Lake, OH rent trends
Rental prices in Mentor-on-the-Lake, OH have increased by 8% over the past year. The average rent moved from $1,071 to $1,157.
What's the typical rent budget in Mentor-on-the-Lake, OH?
The largest share of rentals in Mentor-on-the-Lake, OH (90%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Mentor-on-the-Lake, OH?
1,433 or 40% of the households in Mentor-on-the-Lake, OH are renter-occupied while 2,174 or 60% are owner-occupied.
How Mentor-on-the-Lake Compares to Other Cities
| City | Average Rent |
|---|---|
| Mentor-on-the-Lake | $1,157 |
| Westerville | $1,535 |
| Cleveland | $1,543 |
| Cincinnati | $1,452 |
| Columbus | $1,340 |
| Dayton | $1,086 |
| Warren | $915 |
| Akron | $1,102 |
| Northwest Ohio | $1,082 |
| Toledo | $968 |
| Bedford, OH | $974 |
| East Cleveland, OH | $924 |
| Shaker Heights, OH | $1,819 |
| Beachwood, OH | $2,057 |
| Mayfield Heights, OH | $1,184 |
| Lakewood, OH | $1,223 |
| Euclid, OH | $863 |
| Willoughby, OH | $1,384 |
| Cleveland Heights, OH | $1,185 |
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 Mentor-on-the-Lake 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.