Cheap Apartments for Rent in the Downtown Parma Neighborhood of Cleveland, OH from $700 (36 Rentals)

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

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Ridgewood Lofts
1 to 2 Bedroom Apartments

Ridgewood Lofts

6384-6402 Ridge RdCleveland, OH 44129
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The Gardens
1 to 2 Bedroom Apartments

The Gardens

8461-7903 Greenwood View DrCleveland, OH 44129

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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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.

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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.

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Parma Pointe
1 to 2 Bedroom Apartments

Parma Pointe

6032-6040 Ridge RdParma, OH 44129

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-36, Page 1 of 1

Downtown Parma, Cleveland, OH Local Guide

Cheapest Available Downtown Parma Apartments for Rent

 

The cheapest available apartment rental in the Downtown Parma area of Cleveland, OH is a Studio unit found at Regency Apartments priced from $745. Westview Acres 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 ListingModel NameBed/BathPriced From
Regency ApartmentsEFFStudio,1BA$745
Westview Acres ApartmentsC1BR,1BA$750
Westview North ApartmentsC1BR,1BA$750
Broadview Gardens ApartmentsBG 1 BD Standard1BR,1BA$805
Lafayette Village2 Bedroom Suite2BR,1BA$845
Hummingbird Pointe & The GardensHummingbird - 1 Bedrooms1BR,1BA$874
Independence Place Apartments: A 55 and Better Community1 Bedroom, 1 Bath1BR,1BA$880
The Meadows Patio Apartments - HEAT INCLUDED!One Bedroom One Bath1BR,1BA$895
Midtown TowersBirch1BR,1BA$895
Pleasant Valley Apartments1 BD Standard1BR,1BA$895

Best Value Apartments for Rent in Downtown Parma, OH

As of November 26, 2025 the best value apartment in the Downtown Parma area is the $0.80 price per square foot 3 Bedroom Suite Model at Lafayette Village in the in the Downtown Parma neighborhood starting from $1,035. The second greatest value Downtown Parma apartment is the BD1T Townhome Model at Big Creek Apartments starting at $1,505 with a $1.25 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lafayette Village3 Bedroom Suite3BR,1.5BA$0.80
Big Creek ApartmentsBD1T Townhome2BR,1.5BA$1.25
Parma / Reserves at 11502 Bed 2.5 Bath Town Home2BR,2.5BA$1.45
Yorktown TowersOne Bedroom One Bath Deluxe1BR,1BA$1.34
TERRA - State Road1 Bed 1 Bath1BR,1BA$1.43
Kimberly Park ApartmentsOne Bedroom Deluxe1BR,1BA$1.44
Valley York Apartments2 Bedroom2BR,1BA$1.21
Ranch VillageTwo Bedroom Suite - First Floor2BR,1BA$1.25
The Meadows Patio Apartments - HEAT INCLUDED!One Bedroom One Bath1BR,1BA$1.38
Independence Place Apartments: A 55 and Better Community1 Bedroom, 1 Bath1BR,1BA$1.39

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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The 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.

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Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Parma, Cleveland, OH

Ranked #25

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

What is the Cheapest Studio apartment in Downtown Parma?

Currently the most affordable Cheap Studio Apartment in Downtown Parma is at Independence Place Apartments: A 55 and Better Community listed at $770.

How much is rent for a Cheap One Bedroom Downtown Parma Apartment?

The lowest price for a Cheap One Bedroom Downtown Parma Apartment is $750 at Westview Acres Apartments.

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 $845 at Lafayette Village.

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 $1,035.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.