
Cheap Apartments for Rent in the Downtown Parma Neighborhood of Cleveland, OH from $700 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Parma area of Cleveland.


Broadview Place

West Creek Apartments

TERRA - State Road

Ridgewood Lofts

The Gardens

6711 Dartworth Dr

5603 Allanwood Dr
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.

Regency Apartments

Westview North Apartments

Westview Acres Apartments

Parma Park East & West - Seniors 55+

Ranch Village

Independence Place Apartments: A 55 and Better Community

Valley York Apartments

Midtown Towers
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.

Pleasant Lake Apartments

The Meadows Patio Apartments - HEAT INCLUDED!

Lafayette Village

North Church Towers

Manor House Apartments

Forest Ridge Apartments

Mystic Creek Apartments

Churchill Towers
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Reserves at 1150 / Parma

Kimberly Park Apartments

Valley Forge Villas

Ridgewood House

Camelot Apartments

Mayberry Ranch Apartments

6900 Lofts

Hummingbird Pointe & The Gardens
Cleveland Rocks: Your Essential Guide to the Land's Neighborhoods and Culture
Discover the best areas for renters in Cleveland, from vibrant Ohio City and University Circle to suburban Lakewood and Shaker Heights. Get to know The Land.

Ridgewood Park Apartments

6907 Gerald Ave, Unit Down

Yorktown Towers

TERRA – Parma Heights

Total Monthly Price
8221 Pelham Dr

Woodbury Commons

7404 Spring Garden Rd

7903 Ackley Rd, Unit 7903
Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland
Find the top neighborhoods and best apartments for rent near major employers like The Cleveland Clinic, KeyBank, and Progressive Insurance.

Parma Village Senior Apartments

Chesterfield Terrace

Parma Pointe

7014 Thornton Dr, Unit Down, Unit Down
Downtown Parma, Cleveland, OH Local Guide

How much does it cost to rent an apartment in Downtown Parma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Parma Studio Apartments | $1,006 | $745 | $1,939 |
| Downtown Parma 1 Bedroom Apartments | $1,032 | $750 | $1,790 |
| Downtown Parma 2 Bedroom Apartments | $1,314 | $825 | $2,510 |
| Downtown Parma 3 Bedroom Apartments | $2,090 | $1,090 | $5,586 |
| Downtown Parma 4 Bedroom Apartments | $5,129 | $3,991 | $6,268 |
Browse Apartments in this Neighborhood
There are currently 44 rentals with your search options within a 2 mile radius of the Downtown Parma Neighborhood of Cleveland, OH.
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Downtown Parma, Cleveland, OH Local Guide
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Cheapest Available Downtown Parma Apartments for Rent
 The cheapest available apartment rental in the Downtown Parma area of Cleveland, OH is a 1 Bed unit found at Chesterfield Terrace priced from $299. Westview North Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Downtown Parma apartments for rent in Cleveland, OH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chesterfield Terrace | 1-bedroom | 1BR,1BA | $299 |
| Westview North Apartments | C | 1BR,1BA | $750 |
| Elayne Apartments | Big 1BD | 1BR,1BA | $800 |
| Midtown Towers | Birch | 1BR,1BA | $845 |
| Parma Park East & West - Seniors 55+ | 1 Bedroom Traditional | 1BR,1BA | $870 |
| Lafayette Village | 2 Bedroom Suite | 2BR,1BA | $895 |
| The Meadows Patio Apartments - HEAT INCLUDED! | One Bedroom One Bath | 1BR,1BA | $895 |
| Independence Place Apartments: A 55 and Better Community | 1 Bedroom, 1 Bath | 1BR,1BA | $915 |
| Forest Ridge Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $949 |
| Mystic Creek Apartments | 1 Bed, 1 bath | 1BR,1BA | $985 |
Best Value Apartments for Rent in Downtown Parma, OH
As of April 12, 2026 the best value apartment in the Downtown Parma area is the $0.84 price per square foot 3 Bedroom Suite Model at Lafayette Village in the in the Downtown Parma neighborhood starting from $1,090. The second greatest value Downtown Parma apartment is the 8221 Pelham Dr Model at 8221 Pelham Dr starting at $1,400 with a $1.15 price per square foot in the Downtown Parma neighborhood. Here is today’s list of the best values for Downtown Parma apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lafayette Village | 3 Bedroom Suite | 3BR,1.5BA | $0.84 |
| 8221 Pelham Dr | 8221 Pelham Dr | 2BR,1BA | $1.15 |
| Big Creek Apartments | BD1T Townhome | 2BR,1.5BA | $1.34 |
| Reserves at 1150 / Parma | 2 Bed 2.5 Bath Town Home | 2BR,2.5BA | $1.42 |
| Yorktown Towers | One Bedroom One Bath Deluxe | 1BR,1BA | $1.34 |
| Chesterfield Terrace | 2-bedroom | 2BR,1BA | $0.92 |
| Valley York Apartments | 2 Bedroom | 2BR,1BA | $1.23 |
| Elayne Apartments | Big 1BD | 1BR,1BA | $1.22 |
| The Meadows Patio Apartments - HEAT INCLUDED! | One Bedroom One Bath | 1BR,1BA | $1.38 |
| Parma Park East & West - Seniors 55+ | 1 Bedroom Traditional | 1BR,1BA | $1.40 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Parma, Cleveland, OH
Ranked #28
Among cities in Ohio for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Parma, Cleveland, OH
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Southwest Cleveland, OH. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Parma Apartments
How much is rent for a Cheap One Bedroom Downtown Parma Apartment?
The lowest price for a Cheap One Bedroom Downtown Parma Apartment is $299 at Chesterfield Terrace.
What is the lowest price for a Cheap Two Bedroom Downtown Parma Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Parma is starting from $779 at Chesterfield Terrace.
What is the most affordable Downtown Parma Three Bedroom Apartment?
The best deal on a cheap Downtown Parma Three Bedroom Apartment rental is at Lafayette Village and starts from $1,090.
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

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.

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 .

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.

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.