Cheap Apartments for Rent in the Downtown Parma Neighborhood of Cleveland, OH from $700 (44 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
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6711 Dartworth Dr
2 Bedroom Apartments

6711 Dartworth Dr

6711 Dartworth DrCleveland, OH 44129
  • Utilities Included
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Chesterfield Terrace
1 to 2 Bedroom Apartments

Chesterfield Terrace

6500 Powers BlvdParma, OH 44129
Senior Living
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Parma Pointe
1 to 2 Bedroom Apartments

Parma Pointe

6032-6040 Ridge RdParma, OH 44129
property at 7014 Thornton Dr

$1,295

Total Monthly Price

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$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Condo for Rent

Available Now

7014 Thornton Dr, Unit Down, Unit Down

7014 Thornton Dr
ParmaOH44129

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 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 ListingModel NameBed/BathPriced From
Chesterfield Terrace1-bedroom1BR,1BA$299
Westview North ApartmentsC1BR,1BA$750
Elayne ApartmentsBig 1BD1BR,1BA$800
Midtown TowersBirch1BR,1BA$845
Parma Park East & West - Seniors 55+1 Bedroom Traditional1BR,1BA$870
Lafayette Village2 Bedroom Suite2BR,1BA$895
The Meadows Patio Apartments - HEAT INCLUDED!One Bedroom One Bath1BR,1BA$895
Independence Place Apartments: A 55 and Better Community1 Bedroom, 1 Bath1BR,1BA$915
Forest Ridge Apartments1 Bedroom, 1 Bathroom1BR,1BA$949
Mystic Creek Apartments1 Bed, 1 bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lafayette Village3 Bedroom Suite3BR,1.5BA$0.84
8221 Pelham Dr8221 Pelham Dr2BR,1BA$1.15
Big Creek ApartmentsBD1T Townhome2BR,1.5BA$1.34
Reserves at 1150 / Parma2 Bed 2.5 Bath Town Home2BR,2.5BA$1.42
Yorktown TowersOne Bedroom One Bath Deluxe1BR,1BA$1.34
Chesterfield Terrace2-bedroom2BR,1BA$0.92
Valley York Apartments2 Bedroom2BR,1BA$1.23
Elayne ApartmentsBig 1BD1BR,1BA$1.22
The Meadows Patio Apartments - HEAT INCLUDED!One Bedroom One Bath1BR,1BA$1.38
Parma Park East & West - Seniors 55+1 Bedroom Traditional1BR,1BA$1.40

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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
Downtown Parma, Cleveland, OH

Ranked #28

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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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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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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