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16 Apartments under 500 for rent in Cleveland, OH

Last updated October 15 at 10:11am UTC
4183 W 130th St
Puritas - Longmead
Cleveland, OH
Updated October 15 at 10:11am UTC
1 Bedroom
$450
3251 W 58th St.
Stockyards
Cleveland, OH
Updated October 12 at 1:14pm UTC
Studio
$100
4000 Bush Ave
Clark - Fulton
Cleveland, OH
Updated October 9 at 6:05pm UTC
2 Bedrooms
$475
403 E 152nd St
North Collinwood
Cleveland, OH
Updated September 29 at 6:56pm UTC
1 Bedroom
$375
3168 W. 86th St.
West Boulevard
Cleveland, OH
Updated September 14 at 10:30am UTC
Studio
$100
3146 W 68th St.
Stockyards
Cleveland, OH
Updated September 14 at 10:29am UTC
Studio
$100
1875 Lampson Rd
Euclid - Green
Cleveland, OH
Updated August 25 at 5:37pm UTC
1 Bedroom
$495
1383 W 114th St
Edgewater
Cleveland, OH
Updated August 24 at 2:42am UTC
Studio
$495
4149 E 71st St
South Broadway
Cleveland, OH
Updated August 24 at 2:39am UTC
1 Bedroom
$450
11825 Longmead Ave
Puritas - Longmead
Cleveland, OH
Updated July 25 at 3:15am UTC
2 Bedrooms
$495
10627 Amor Ave
Glenville
Cleveland, OH
Updated July 20 at 9:43am UTC
6 Bedrooms
$395
15644 Madison Ave
Lakewood
Lakewood, OH
Updated October 15 at 10:09am UTC
Studio
$450
3689 Ludgate Rd.
Moreland
Shaker Heights, OH
Updated October 12 at 1:14pm UTC
Studio
$100
4714 Jewett Avenue
Industrial Valley
Cleveland, OH
Updated September 27 at 11:52am UTC
Studio
$100
Results within 1 miles of Cleveland, OH
1150 East 74th St
St. Clair - Superior
Cleveland, OH
Updated September 16 at 1:24am UTC
5 Bedrooms
$450
491 E 114th St
Forest Hills
Cleveland, OH
Updated August 24 at 9:55am UTC
1 Bedroom
$450

October 2018 Cleveland Rent Report

Welcome to the October 2018 Cleveland Rent Report. Cleveland rents increased over the past month. In this report, we'll evaluate trends in the Cleveland rental market, including comparisons to cities throughout the state and nation.

View full Cleveland Rent Report
Rent Report
Cleveland

October 2018 Cleveland Rent Report

Welcome to the October 2018 Cleveland Rent Report. Cleveland rents increased over the past month. In this report, we'll evaluate trends in the Cleveland rental market, including comparisons to cities throughout the state and nation.

Cleveland rents increase sharply over the past month

Cleveland rents have increased 0.9% over the past month, and have increased slightly by 1.5% in comparison to the same time last year. Currently, median rents in Cleveland stand at $650 for a one-bedroom apartment and $810 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in June. Cleveland's year-over-year rent growth leads the state average of 0.5%, as well as the national average of 0.9%.

Rents rising across cities in Ohio

Throughout the past year, rent increases have been occurring not just in the city of Cleveland, but across the entire state. Of the largest 10 cities that we have data for in Ohio, 8 of them have seen prices rise. The state as a whole logged rent growth of 0.5% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Dublin is the most expensive of all Ohio's major cities, with a median two-bedroom rent of $1,130; of the 10 largest cities in Ohio that we have data for, Dublin and Hamilton, where two-bedrooms go for $1,130 and $860, are the only two major cities in the state to see rents fall year-over-year (-1.4% and -0.4%).
  • Fairfield, Cleveland, and Lakewood have all experienced year-over-year growth above the state average (4.0%, 1.5%, and 1.3%, respectively).

Cleveland rents more affordable than many large cities nationwide

As rents have increased slightly in Cleveland, a few large cities nationwide have seen rents grow more quickly. Cleveland is still more affordable than most large cities across the country.

  • Cleveland's median two-bedroom rent of $810 is below the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 1.5% increase in Cleveland.
  • While Cleveland's rents rose slightly over the past year, the city of Seattle saw a decrease of 1.6%.
  • Renters will find more reasonable prices in Cleveland than most large cities. For example, San Francisco has a median 2BR rent of $3,110, which is more than three-and-a-half times the price in Cleveland.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.