RentData

Average Rent in Cleveland, OH Rents rising 9.0% YoY🔺 3rd priciest in OH

HUD FY2025 · Official government data · Updated annually

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Cleveland, OH has rental prices ranging from $881/month to $1,667/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $995/month — 29% below the national average of $1,400/month.

How Cleveland Compares

With an average 2-bedroom rent of $1,208/month, Cleveland ranks #3 most expensive of the 68 cities tracked in Ohio — pricier than 82% of all US cities in our data.

Rent Trends

2-bedroom rents in Cleveland, OH have risen by $100/month (9.0%) over the past year, from $1,108 to $1,208. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Rent vs. Buy

The median home value in Cleveland, OH is $120,549, giving a price-to-rent ratio of 8.3. At this ratio, buyers who plan to stay 8 or more years may find purchasing more cost-effective than renting at current market prices.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Cleveland's neighborhoods. Among the highest-value areas are North Broadway ($65,306 median home value), St. Claire-Superior ($67,797 median home value), Union Miles Park ($68,385 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Fair Market Rents

HUD FY2025
Studio
$881
1 Bedroom
$995
2 Bedrooms
$1,208
9.0% YoY
3 Bedrooms
$1,553
4 Bedrooms
$1,667
🔔
Get Rent Alerts
Be notified when rents change in Cleveland
Median Home Value
$120,549
Source: Zillow ZHVI
Est. monthly payment
$642/mo
20% down · 30yr · 7%

Is Cleveland, OH Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$48,320/year
National median income: $75,000 (no local data)
To buy a median home
$25,664/year
US national median: $75,000
💡 Based on a 2BR rent of $1,208/month and 20% down on a $120,549 home at 7% rate.

Nearby Cities in OHlargest metros in the state

CityStudio1BR2BR3BRHome Value
Brown County$726$731$947$1,273
Columbus$1,104$1,194$1,445$1,741
Dayton$780$845$1,077$1,390
Akron$799$880$1,131$1,398
Ottawa County$677$753$988$1,190
Toledo$745$805$1,056$1,371

Rent or Buy in Cleveland?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Cleveland data

$
Home Value
$120,549
2BR Rent
$1,208/mo
Mortgage Rate
7%
Monthly P&I
$642/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $888/movs rent: $1,208/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $120,549 home at 7% rate

20% — $24,110
3%50%
Estimated Monthly Payment
$642
per month · 30 years · 7% APR
Loan Amount
$96,439
Total Paid
$230,980
Total Interest
$134,541
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Cleveland

Cost of living, job market, crime rates, and moving cost estimates.

Moving Cost Estimator

Estimate your moving costs based on FMCSA public mover data

Select your origin state to see the estimate

Estimates based on FMCSA average mover rates. Get at least 3 binding quotes from licensed movers. Protect your move →

Frequently Asked Questions

Explore More

🏘️Neighborhoods in Cleveland

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Cleveland

Is it cheaper to rent or buy here?

🗺️All Cities in OH

See how Cleveland ranks statewide

⚖️Compare Cleveland

Side-by-side rent & cost of living with any city

📋OH Tenant Rights

Deposit limits, eviction laws & renters protections