Parma, 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 Parma is $1,092, a 3.88% increase compared to the previous year, when the average rent was $1,051.
Studio Apartments at $770 offer the most budget-friendly option with 376 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 602 square feet for $937, balancing privacy and affordability.
Two-beedroom units at $1,195 offer 853 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,110 sq ft) for $1,418, suitable for larger households.
Average rent in Parma, OH
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,092 | 755 sq. ft. |
| Studio | $770 | 376 sq. ft. |
| 1 Bed | $937 | 602 sq. ft. |
| 2 Beds | $1,195 | 853 sq. ft. |
| 3 Beds | $1,418 | 1,110 sq. ft. |
Parma, OH rent trends
Rental prices in Parma, OH have increased by 3.88% over the past year. The average rent moved from $1,051 to $1,092.
What's the typical rent budget in Parma, OH?
The largest share of rentals in Parma, OH (49%) 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 Parma, OH?
9,426 or 27% of the households in Parma, OH are renter-occupied while 25,214 or 73% are owner-occupied.
How Parma Compares to Other Cities
| City | Average Rent |
|---|---|
| Parma | $1,092 |
| Columbus | $1,340 |
| Cincinnati | $1,452 |
| Cleveland | $1,543 |
| Dayton | $1,086 |
| Warren | $915 |
| Northwest Ohio | $1,082 |
| Akron | $1,102 |
| Toledo | $968 |
| Westerville | $1,535 |
| Union | $1,334 |
| Cleveland Heights, OH | $1,185 |
| Shaker Heights | $1,819 |
| Lakewood, OH | $1,223 |
| Beachwood, OH | $2,057 |
| Euclid, OH | $863 |
| Westlake, OH | $1,708 |
| Berea, OH | $1,220 |
| East Cleveland, OH | $924 |
| Rocky River, OH | $1,500 |
| Brook Park, OH | $1,041 |
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 Parma 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.