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41 1 Bedroom Apartments for rent in North Olmsted, OH

Last updated August 19 at 7:26pm UTC
Results within 5 miles of North Olmsted, OH
22098 River Oaks Dr
Rocky River
Rocky River, OH
Updated August 17 at 2:19pm UTC
1 Bedroom
$675
21970 River Oaks Dr
Rocky River
Rocky River, OH
Updated August 17 at 2:19pm UTC
1 Bedroom
$625
21990 River Oaks Dr
Rocky River
Rocky River, OH
Updated July 5 at 10:48pm UTC
1 Bedroom
$595
24325 Detroit Rd
Westlake
Westlake, OH
Updated July 7 at 4:09pm UTC
1 Bedroom
$1,000
Results within 10 miles of North Olmsted, OH
4400 Rocky River Dr
Kamm's Corners
Cleveland, OH
Updated August 19 at 5:16pm UTC
1 Bedroom
$615
23810 Detroit Rd
Westlake
Westlake, OH
Updated August 19 at 1:10am UTC
1 Bedroom
$725
17920 Detroit Ave
West End
Lakewood, OH
Updated July 20 at 1:19am UTC
1 Bedroom
$650

August 2018 North Olmsted Rent Report

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

View full North Olmsted Rent Report
Rent Report
North Olmsted

August 2018 North Olmsted Rent Report

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

North Olmsted rents increase sharply over the past month

North Olmsted rents have increased 1.8% over the past month, and have increased significantly by 5.7% in comparison to the same time last year. Currently, median rents in North Olmsted stand at $810 for a one-bedroom apartment and $1,010 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in May. North Olmsted's year-over-year rent growth leads the state average of 0.8%, as well as the national average of 1.2%.

Rents rising across cities in Ohio

Throughout the past year, rent increases have been occurring not just in the city of North Olmsted, but across the entire state. Of the largest 10 cities that we have data for in Ohio, all of them have seen prices rise. The state as a whole logged rent growth of 0.8% 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 $1,150; of the 10 largest Ohio cities that we have data for, all have seen rents rise year-over-year, with Fairfield experiencing the fastest growth (+3.0%).
  • Lakewood, Toledo, and Cincinnati have all experienced year-over-year growth above the state average (2.4%, 2.0%, and 1.1%, respectively).

North Olmsted rents more affordable than many large cities nationwide

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

  • North Olmsted's median two-bedroom rent of $1,010 is below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 5.7% increase in North Olmsted.
  • While North Olmsted's rents rose significantly over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.4%).
  • Renters will find more reasonable prices in North Olmsted than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than three times the price in North Olmsted.

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.