12 Apartments under 700 for rent in Lakewood, OH

Last updated January 20 at 8:27pm UTC
1618 Cohassett
Lakewood
Lakewood, OH
Updated January 3 at 11:50am UTC
1 Bedroom
$600
17920 Detroit Ave
West End
Lakewood, OH
Updated January 11 at 12:03pm UTC
1 Bedroom
$595
2040 Halstead Ave
Lakewood
Lakewood, OH
Updated January 13 at 10:22am UTC
1 Bedroom
$625
15644 Madison Ave
Lakewood
Lakewood, OH
Updated January 20 at 11:39am UTC
Studio
$450
Results within 1 miles of Lakewood, OH
2038 W 103rd St
Cudell
Cleveland, OH
Updated January 20 at 2:21am UTC
2 Bedrooms
$675
1458 W 114th St
Edgewater
Cleveland, OH
Updated January 18 at 10:17am UTC
1 Bedroom
$595
1451 W 112th St
Edgewater
Cleveland, OH
Updated January 20 at 11:46am UTC
2 Bedrooms
$685
1383 W 114th St
Edgewater
Cleveland, OH
Updated January 18 at 10:17am UTC
Studio
$450
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List detective logo

Zoom in to see more.

Trying to get a feel for the larger area? No problem.
When you're ready, zoom in again to see pins and listings.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

January 2018 Lakewood Rent Report

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

View full Lakewood Rent Report
Rent Report
Lakewood

January 2018 Lakewood Rent Report

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

Lakewood rents held steady over the past month

Lakewood rents have remained flat over the past month, however, they are up moderately by 2.0% year-over-year. Currently, median rents in Lakewood stand at $650 for a one-bedroom apartment and $810 for a two-bedroom. Lakewood's year-over-year rent growth lags the state average of 2.5%, as well as the national average of 2.8%.

Rents rising across cities in Ohio

Throughout the past year, rent increases have been occurring not just in the city of Lakewood, but across the entire state. Of the largest 10 cities that we have data for in Ohio, 9 of them have seen prices rise. The state as a whole logged rent growth of 2.5% 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 the state that we have data for, Dublin, is the only major city to see rents fall year-over-year (-0.2%).
  • Cincinnati, Columbus, and Toledo have all experienced year-over-year growth above the state average (4.0%, 3.8%, and 3.5%, respectively).

Lakewood rents more affordable than many large cities nationwide

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

  • Lakewood's median two-bedroom rent of $810 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 2.0% rise in Lakewood.
  • While Lakewood's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Lakewood than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than three-and-a-half times the price in Lakewood.

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.