Olmsted Falls, 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 Olmsted Falls is $1,412, a 6.57% increase compared to the previous year, when the average rent was $1,325.
One-bedroom apartments provide 735 square feet for $1,174, balancing privacy and affordability.
Two-beedroom units at $1,495 offer 1,077 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,225 sq ft) for $1,393, suitable for larger households.
Average rent in Olmsted Falls, OH
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,412 | 997 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,174 | 735 sq. ft. |
| 2 Beds | $1,495 | 1,077 sq. ft. |
| 3 Beds | $1,393 | 1,225 sq. ft. |
Olmsted Falls, OH rent trends
Rental prices in Olmsted Falls, OH have increased by 6.57% over the past year. The average rent moved from $1,325 to $1,412.
What's the typical rent budget in Olmsted Falls, OH?
The largest share of rentals in Olmsted Falls, OH (61%) 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 Olmsted Falls, OH?
590 or 15% of the households in Olmsted Falls, OH are renter-occupied while 3,242 or 85% are owner-occupied.
How Olmsted Falls Compares to Other Cities
| City | Average Rent |
|---|---|
| Olmsted Falls | $1,412 |
| 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 |
| Parma, OH | $1,092 |
| Medina, OH | $1,442 |
| Shaker Heights, OH | $1,819 |
| Beachwood, OH | $2,057 |
| Lakewood, OH | $1,223 |
| Westlake, OH | $1,708 |
| Elyria, OH | $1,012 |
| Lorain, OH | $924 |
| 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 Olmsted Falls 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.