53 Luxury Apartments for rent in Cleveland, OH

Last updated September 25 at 11:57PM
1268 W 110th St
Edgewater
Cleveland, OH
Updated September 21 at 5:50PM
5 Bedrooms
$1,475
2597 West 11th St
Tremont
Cleveland, OH
Updated September 25 at 9:33AM
2 Bedrooms
$1,750
1237 Washington Ave
Ohio City
Cleveland, OH
Updated September 25 at 6:20PM
2 Bedrooms
$1,575
12507 Lorain Ave
Jefferson
Cleveland, OH
Updated September 8 at 3:45AM
Studio
$1,300
1461 Eastwood Ave
Mayfield Heights
Cleveland, OH
Updated August 15 at 5:51AM
4 Bedrooms
$1,300
3230 Lorain Ave
Ohio City
Cleveland, OH
Updated September 16 at 9:34AM
2 Bedrooms
$2,300
3230 Lorain Ave
Ohio City
Cleveland, OH
Updated September 25 at 5:31PM
1 Bedroom
$1,500
3594 Harvey Road
Cleveland
Cleveland, OH
Updated September 21 at 12:19PM
4 Bedrooms
$1,325
Detroit Ave
Ohio City
Cleveland, OH
Updated September 25 at 7:23AM
2 Bedrooms
$1,550
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Rent Report
Cleveland

September 2017 Cleveland Rent Report

Welcome to the September 2017 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 similar cities nationwide.

Cleveland rents increased slightly over the past month

Cleveland rents have increased 0.3% over the past month, and are up slightly by 1.1% in comparison to the same time last year. Currently, median rents in Cleveland stand at $640 for a one-bedroom apartment and $790 for a two-bedroom. Cleveland's year-over-year rent growth lags the state and national averages, which both stand at 3.0%.

Cleveland rents more affordable than many large cities nationwide

Rent growth in Cleveland has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Cleveland is still more affordable than most large cities across the country.

  • Cleveland's median two-bedroom rent of $790 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.1% rise in Cleveland.
  • While rents in Cleveland remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • 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.