/
/
/
apartments under 700
Last updated September 15 2019 at 9:57 AM

10 Apartments under $700 for rent in Lorain, OH

Verified
Last updated September 10 at 04:05pm
1 Unit Available
Pentamen Arms
1800 Cooper Foster Park Rd, Lorain, OH
1 Bedroom
$525
448 sqft
2 Bedrooms
Ask
Many unique floor plan options available. Secure entry buildings with private parking. Plush carpeting and hardwood flooring options available. Conveniently located near retail, entertainment, restaurants and major highways.
Verified
Last updated September 10 at 04:04pm
1 Unit Available
Liberty Circle Apartments
2211 Tower Blvd, Lorain, OH
1 Bedroom
$605
575 sqft
2 Bedrooms
Ask
One- and two-bedroom apartment community with secure entry. Open kitchens with appliances included. Spacious living areas. Gas, water, sewer, trash paid. On-site laundry, large parking area, balconies with some units. Walk to shopping and dining.
Verified
Last updated September 10 at 04:04pm
1 Unit Available
Nantucket Apartments
5717 S Nantucket Dr, Lorain, OH
1 Bedroom
Ask
2 Bedrooms
$670
730 sqft
Beautiful one- and two-bedroom apartment homes. Modern kitchens with breakfast bar, modern appliances, and dishwashers in select units. Secured entry and on-site laundry. Free parking.
Verified
Last updated August 27 at 02:12pm
1 Unit Available
Nantucket Cove Apartments
1817 S Nantucket Dr, Lorain, OH
1 Bedroom
Ask
2 Bedrooms
$670
739 sqft
Apartments and townhomes with fully equipped kitchens complete with microwave, electric range, oven, and refrigerator. Patios or balconies available in each unit. Private entrances available.
Last updated September 15 at 10:47am
1 Unit Available
1236 7th Street UP
1236 West 7th Street, Lorain, OH
2 Bedrooms
$550
- No Pets Allowed (RLNE4418568)
Last updated September 15 at 10:47am
1 Unit Available
2106 Oberlin Avenue
2106 Oberlin Ave, Lorain, OH
3 Bedrooms
$617
1200 sqft
7 Year 7 Month Land Contract at 0% Interest with $5900 Down. - Buy this home in full in only 7 years and 7 months! $5900 down payment and only $617 per month includes property tax.
Last updated September 15 at 10:47am
1 Unit Available
1217 W. 5th Street (B)
1217 W 5th St, Lorain, OH
2 Bedrooms
Ask
3 Bedrooms
$595
1444 sqft
Spacious 3 Bedroom Upstairs Duplex Near Lakeview Park. - Rent Includes water, garbage, and lawn service. Drive by then call for your showing 440-246-6217. (RLNE1916197)
Last updated July 21 at 09:14am
1 Unit Available
629 Vermont Drive
629 Vermont Dr, Lorain, OH
3 Bedrooms
$695
840 sqft
Nicely done three bedroom ranch with new flooring! - The house has new siding, windows, and roof. As you enter from the front door you walk in the living room with large picture window and new carpets.
Results within 5 miles of Lorain
Last updated September 15 at 10:47am
1 Unit Available
285 Bellfield Avenue
285 Bellfield Ave, Elyria, OH
2 Bedrooms
$695
700 sqft
Nice 2 bedroom house in Saint Jude's area of Elyria. - New windows, carpets, and flooring are some of the notable updates you'll see in this home. As you enter from the covered front stoop you walk in the living room.
Last updated September 15 at 02:14pm
1 Unit Available
207 Bath St
207 Bath St, Elyria, OH
2 Bedrooms
$695
Exceptional 2 bedroom 1 bath 1st floor unit. Ready for immediate occupancy includes appliances and central air conditioning. This unit has been completely and totally remodeled and you will love the layout.

September 2019 Lorain Rent Report

Welcome to the September 2019 Lorain Rent Report. Lorain rents increased over the past month. In this report, we'll evaluate trends in the Lorain rental market, including comparisons to cities throughout the state and nation.

View full Rent Report

September 2019 Lorain Rent Report

Welcome to the September 2019 Lorain Rent Report. Lorain rents increased over the past month. In this report, we'll evaluate trends in the Lorain rental market, including comparisons to cities throughout the state and nation.

Lorain rents increase sharply over the past month

Lorain rents have increased 1.0% over the past month, and are up moderately by 2.3% in comparison to the same time last year. Currently, median rents in Lorain stand at $600 for a one-bedroom apartment and $747 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in June. Lorain's year-over-year rent growth leads the state average of 1.3%, as well as the national average of 1.5%.

    Rents rising across cities in Ohio

    Throughout the past year, rent increases have been occurring not just in the city of Lorain, 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 1.3% 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, Columbus is the most expensive of all Ohio's major cities, with a median two-bedroom rent of $967; of the 10 largest cities in the state that we have data for, Youngstown, where a two-bedroom goes for $729, is the only major city to see rents fall year-over-year (-0.7%).
    • Lorain and Cincinnati have both experienced year-over-year growth above the state average (2.3% and 1.7%, respectively).

    Lorain rents more affordable than many large cities nationwide

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

    • Lorain's median two-bedroom rent of $747 is below the national average of $1,191. Nationwide, rents have grown by 1.5% over the past year compared to the 2.3% rise in Lorain.
    • While Lorain's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), Dallas (+2.0%), and New York (+1.7%).
    • Renters will find more reasonable prices in Lorain than most large cities. For example, San Francisco has a median 2BR rent of $3,133, which is more than four times the price in Lorain.

    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.

    City
    Median 1BR price
    Median 2BR price
    M/M price change
    Y/Y price change
    Cleveland
    $650
    $810
    1.2%
    0.7%
    Lorain
    $600
    $750
    1%
    2.3%
    Elyria
    $680
    $850
    -1.1%
    0.6%
    Lakewood
    $660
    $820
    0.4%
    2.2%
    Euclid
    $650
    $810
    0
    0.2%
    Brunswick
    $730
    $910
    -0.2%
    2.8%
    Westlake
    $980
    $1,220
    2.1%
    0.4%
    Willoughby
    $730
    $920
    -0.1%
    0
    Painesville
    $640
    $800
    -2.8%
    -0.5%
    See More

    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.

    Similar Pages

    Lorain 2 BedroomsLorain 2 Bedrooms 2 BathroomsLorain 3 Bedrooms

    Apartments For Rent in Nearby Cities