53 Luxury Apartments for rent in Cleveland, OH

Last updated November 22 at 2:45pm UTC
Reserve Square
1701 E 12th St
Cleveland, OH
Updated November 22 at 12:56pm UTC
Studio
$776
1 Bedroom
$815
2 Bedrooms
$1,178
1834 W 52nd St
Detroit - Shoreway
Cleveland, OH
Updated November 16 at 12:26pm UTC
4 Bedrooms
$1,320
3115 Hancock Ave
Ohio City
Cleveland, OH
Updated November 16 at 12:33pm UTC
2 Bedrooms
$1,500
4311 Apple Ave
Ohio City
Cleveland, OH
Updated November 22 at 10:03am UTC
2 Bedrooms
$1,250
1925 East 86th St
Hough
Cleveland, OH
Updated November 21 at 10:11am UTC
3 Bedrooms
$2,000
2097 Columbus Rd
Tremont
Cleveland, OH
Updated November 16 at 12:32pm UTC
1 Bedroom
$1,775
Superior Ave
Hough
Cleveland, OH
Updated October 15 at 7:43am UTC
Studio
$1,700
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November 2017 Cleveland Rent Report

Welcome to the November 2017 Cleveland Rent Report. In this report, we'll evaluate trends in the Cleveland rental market, including comparisons to similar cities nationwide.

View full Cleveland Rent Report
Rent Report
Cleveland

November 2017 Cleveland Rent Report

Welcome to the November 2017 Cleveland Rent Report. In this report, we'll evaluate trends in the Cleveland rental market, including comparisons to similar cities nationwide.

Cleveland rents increased moderately over the past month

Cleveland rents have increased 0.4% over the past month, and have increased moderately by 2.0% in comparison to the same time last year. Currently, median rents in Cleveland stand at $640 for a one-bedroom apartment and $800 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in July. Cleveland's year-over-year rent growth lags the state and national averages, which both stand at 2.7%.

Cleveland rents more affordable than many large cities nationwide

As rents have increased moderately in Cleveland, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Cleveland is still more affordable than most large cities across the country.

  • Cleveland's median two-bedroom rent of $800 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 2.0% increase in Cleveland.
  • While Cleveland's rents rose moderately over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • Renters will find more reasonable prices in Cleveland than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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.