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.
Parma Heights, OH Rental Market Trends
What is the average rent in Parma Heights?
The average rent for an apartment in Parma Heights is $883, a 4% increase compared to the previous year, when the average rent was $852.
Average Rent in Parma Heights, OH
Last updated April 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $883 | 4% | 866 sq. ft. |
What is the average apartment size in Parma Heights?
The average size for a Parma Heights, OH apartment is 866 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.
Parma Heights, OH Apartment Rent Ranges
- $501-$70012%
- $701-$1,00067%
- $1,001-$1,50019%
- $1,501-$2,0001%
Parma Heights, OH Occupied Housing Units
- Renter-occupied Households47%
- Owner-occupied Households52%
4,372 or 47% of the households in Parma Heights, OH are renter-occupied while 4,859 or 52% are owner-occupied.
Parma Heights, OH Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Apr / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Parma Heights, OH | $795 | $794 | $808 | $821 | $842 | $851 | $852 | $868 | $888 | $883 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
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How Parma Heights Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Columbus | $1,007 | 4% |
| Cincinnati | $1,022 | 1% |
| Cleveland | $1,147 | 3% |
| Northwest Ohio | $818 | 4% |
| Dayton | $853 | 5% |
| Cuyahoga Falls | $866 | 3% |
| Euclid | $707 | -1% |
| Cleveland Heights | $1,221 | 2% |
| Shaker Heights | $1,348 | 6% |
| Kent | $1,115 | n/a |
| Parma Heights | $883 | 4% |
Most Popular Apartments in Parma Heights
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 Parma Heights 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.