Average Rent in Cleveland, OH↑ Rents rising 9.0% YoY🔺 3rd priciest in OH
HUD FY2025 · Official government data · Updated annually
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 FY2025Is Cleveland, OH Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in OHlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home 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
Buying breaks even after 1 year — worth it if you stay 1+ years.
Mortgage Calculator
Estimate monthly payment for $120,549 home at 7% rate
Living in Cleveland
Cost of living, job market, crime rates, and moving cost estimates.
Moving Cost Estimator
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Frequently Asked Questions
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Compare rent & home prices by neighborhood
⚖️Rent vs Buy in ClevelandIs it cheaper to rent or buy here?
🗺️All Cities in OHSee how Cleveland ranks statewide
⚖️Compare ClevelandSide-by-side rent & cost of living with any city
📋OH Tenant RightsDeposit limits, eviction laws & renters protections