Parma, OH Rental Market Trends
Highlights
The average rent for an apartment in Parma is $834, a 5% increase compared to the previous year, when the average rent was $797.
Average Rent in Parma, OH
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $834 | 5% | 813 sq. ft. |
The average size for a Parma, OH apartment is 813 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, OH Apartment Rent Ranges
- $501-$70026%
- $701-$1,00060%
- $1,001-$1,50014%
Parma, OH Occupied Housing Units
- Renter-occupied Households37%
- Owner-occupied Households62%
12,636 or 37% of the households in Parma, OH are renter-occupied while 20,855 or 62% are owner-occupied.
Parma, OH Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Parma, OH | $770 | $778 | $788 | $783 | $782 | $797 | $807 | $827 | $834 |
| National | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,474 |
How Parma Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Cincinnati | $1,022 | 5% |
| Columbus | $945 | 3% |
| Dayton | $801 | 7% |
| Northwest Ohio | $784 | 5% |
| Cleveland | $1,091 | 2% |
| Lakewood | $905 | 5% |
| Brunswick | $936 | 5% |
| Parma Heights | $851 | 5% |
| Rocky River | $998 | 4% |
| Westlake | $1,224 | 4% |
| Parma | $834 | 5% |
For more information about the Parma rental trends, check out our monthly rent report
Check out Ohio Cities, Ohio Neighborhoods and Ohio Zip Codes for more details on verified listings, including the Ohio Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!