Cheap Apartments for Rent in the Central 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 area of Cleveland.

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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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Arbor Park Village
1 to 4 Bedroom Apartments

Arbor Park Village

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

Prospect Yard

1937 Prospect AveCleveland, OH 44115
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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
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Dixson Hall Apartments
1 to 2 Bedroom Apartments

Dixson Hall Apartments

3814 Prospect AveCleveland, OH 44115
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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

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Find the top neighborhoods and best apartments for rent near major employers like The Cleveland Clinic, KeyBank, and Progressive Insurance.

Cheapest Available Central Apartments for Rent

 

The cheapest available apartment rental in the Central area of Cleveland, OH is a 2 Beds unit found at Prospect Yard priced from $451. Stockbridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Central apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
Prospect Yard2 Bedroom2BR,1BA$451
Stockbridge Apartments0 Bedroom 1 Bath - 39039Studio,1BA$675
University StudiosThe Freshman1BR,1BA$880
Innerbelt LoftsHEY STUDENTS!! Spring Studio Leasing Special - ...Studio,1BA$950
Walker Weeks1 Bedroom 1 Bath1BR,1BA$995

Best Value Apartments for Rent in Central, OH

As of March 15, 2026 the best value apartment in the Central area is the $3.66 price per square foot Luminaire Model at The Lumen in the in the Gateway District neighborhood starting from $6,005. The second greatest value Central apartment is the 2 Bedroom Model at Prospect Yard starting at $451 with a $0.45 price per square foot in the Gateway District neighborhood. Here is today’s list of the best values for Central apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The LumenLuminaire3BR,2.5BA$3.66
Prospect Yard2 Bedroom2BR,1BA$0.45
Walker Weeks1 Bedroom 1 Bath1BR,1BA$1.29
Life At Agora1 Bed 1 Bath Loft A (First Floor)1BR,1BA$2.23
Innovation Landing1 Bed 1 Bath G1BR,1BA$2.38
The Midtown ApartmentsUnit 1F Balcony1BR,1BA$2.51
Innerbelt Lofts1/11BR,1BA$2.02
2344 Prospect Ave E2344 Prospect Ave EStudio ,1BA$1.99
University StudiosThe Freshman1BR,1BA$2.75
Stockbridge Apartments0 Bedroom 1 Bath - 28531Studio ,1BA$2.45

Frequently Asked Questions about Cheap Central Apartments

What is a cheap apartment in Central?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central is under $1,605.

What is the price of a cheap apartment in Central?

The cheapest apartment in Central is Stockbridge Apartments which is listed at $775, while the average apartment in Central costs $4,752.

What types of apartments are the cheapest in Central?

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 56 regular apartments in Central 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?

Cheap apartments in Central have an average cost of $822 which is $3,930 cheaper than the average rent for all rentals in Central.

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.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.