Cheap Apartments for Rent in the Central Cleveland Neighborhood of Cleveland, OH from $400 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Cleveland area of Cleveland.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Arbor Park Village
1 to 4 Bedroom Apartments

Arbor Park Village

3750 Fleming AveCleveland, OH 44115
  • Utilities Included
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Prospect Yard
1 to 2 Bedroom Apartments

Prospect Yard

1937 Prospect AveCleveland, OH 44115
  • Utilities Included
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Cornerstone Apartments
1 to 2 Bedroom Apartments

Cornerstone Apartments

2029 E 40th StCleveland, OH 44103
  • Utilities Included
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Cornerstone Apartments
1 to 2 Bedroom Apartments

Cornerstone Apartments

3147 Prospect AveCleveland, OH 44115
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Dixson Hall Apartments
1 to 2 Bedroom Apartments

Dixson Hall Apartments

3814 Prospect AveCleveland, OH 44115
  • Utilities Included
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Plaza Suites
Studio to 3 Bedroom Apartments

Plaza Suites

3206 E Prospect AveCleveland, OH 44115
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Langston Commons
2 to 4 Bedroom Apartments

Langston Commons

3043 Project AveCleveland, OH 44115

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Central Cleveland, Cleveland, OH Local Guide

Cheapest Available Central Cleveland Apartments for Rent

 

The cheapest available apartment rental in the Central Cleveland area of Cleveland, OH is a 2 Beds unit found at Prospect Yard priced from $451. Sankofa Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $829. Here are the most affordable Central Cleveland apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
Prospect Yard2 Bedroom2BR,1BA$451
Sankofa Village1 Bed 1 Bath1BR,1BA$829
University StudiosThe FreshmanStudio,1BA$880
Life At AgoraStudio AStudio,1BA$919
Walker Weeks1 Bedroom 1 Bath1BR,1BA$995

Best Value Apartments for Rent in Central Cleveland, OH

As of June 10, 2026 the best value apartment in the Central Cleveland area is the $1.27 price per square foot 2BR/2.0BA Model at University Lofts in the in the Gateway District neighborhood starting from $1,675. The second greatest value Central Cleveland apartment is the 2/2 Model at Innerbelt Lofts starting at $1,450 with a $1.26 price per square foot in the Gateway District neighborhood. Here is today’s list of the best values for Central Cleveland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Lofts2BR/2.0BA2BR,2BA$1.27
Innerbelt Lofts2/22BR,2BA$1.26
2320 Lofts2BR/2.0BA2BR,2BA$1.63
Prospect Yard2 Bedroom2BR,1BA$0.45
Walker Weeks1 Bedroom 1 Bath1BR,1BA$1.29
Sankofa Village1 Bed 1 Bath1BR,1.5BA$1.10
The Residences At Hanna1 Bed 1 Bath A1BR,1BA$1.56
Textile Lofts1 BR G1BR,1BA$2.16
Life At Agora1 Bed 1 Bath Loft B (First Floor)1BR,1BA$2.14
2344 Prospect Ave E2344 Prospect Ave E1BR,1BA$1.38

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Central Cleveland, Cleveland, OH

Ranked #82

Among cities in Ohio for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Central Cleveland Apartments

What is a cheap apartment in Central Cleveland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Cleveland is under $1,284.

What is the price of a cheap apartment in Central Cleveland?

The cheapest apartment in Central Cleveland is Sankofa Village which is listed at $829, while the average apartment in Central Cleveland costs $2,100.

What types of apartments are the cheapest in Central Cleveland?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 42 regular apartments in Central Cleveland that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Central Cleveland?

Cheap apartments in Central Cleveland have an average cost of $858 which is $1,242 cheaper than the average rent for all rentals in Central Cleveland.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sandy Baker

Choosing the ideal place to call home in Cleveland may mean selecting a neighborhood that offers excellent access to the freeways or good overall schools for the kids.

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Experts Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland

Written by: Sandy Baker

Whether you're moving to Cleveland to be close to one of the research hubs several of the local universities are known for or you just want to be part of it all in "The Land" knowing where to rent apartments close to the biggest .

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Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland

Written by: Sandy Baker

If you’re moving to start a new job, knowing where to live can be overwhelming. Factors like being close to work are important, but so are schools, quality of life, and easy access to transportation.

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Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture

Written by: Sandy Baker

Cleveland is the type of city to fall in love with, even if it doesn’t look all that fabulous from the outside.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.