Cheap Homes for Rent in Cleveland, OH from $500 (340 Rentals)

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Search the lowest-cost Homes available for rent right now in Cleveland.

property at 10113 Parkgate Ave

$650

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Base Rent
$650
Total Monthly Price
$650

1 Bedroom, 1 Bath Townhome for Rent

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10113 Parkgate Ave

ClevelandOH44108

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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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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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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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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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.

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Cleveland, OH Local Guide

Cheapest Neighborhoods for Apartments in Cleveland, OH

Pricing Updated: 05/15/2026

Current apartment rentals in the Cleveland, OH area range in price from $475 to $13,116 with an overall median price of $4,225. The three Cleveland neighborhoods with the lowest median rent pricing are South Broadway at $695, North Elyria at $595, and Mount Pleasant at $750. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Cleveland Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
South Broadway$1,095$69524
North Elyria$1,115$59510
Mount Pleasant$1,150$75030
St Clair-Superior$1,150$65014
East Elyria$1,225$59516
Robin Park$1,225$5955
South Elyria$1,225$5959
Union-Miles Park$1,250$65089
Eadie$1,300$59570
North Collinwood$1,300$70080

Cheapest Available Cleveland Apartments for Rent

 

The cheapest available apartment rental in Cleveland, OH is a 2 Beds unit found at Prospect Yard in the Gateway District neighborhood priced from $451. Eastern Heights Apartments in the Caledonia neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here is today’s list of the most affordable Cleveland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Prospect Yard2 Bedroom2BR,1BA$451
Eastern Heights Apartments1 Bedroom1BR,1BA$595
Shaker UniversityStudio ApartmentsStudio,1BA$650
Crystal Tower1 Bed 1 Bath Standard1BR,1BA$657
The VistaJunior1BR,1BA$660
2515 Kemper RdNewly Renovated Studio Apartments at 13700 Fair...Studio,1BA$675
Clifton Court ApartmentsStudioStudio,1BA$675
Lakeland CommonsStudioStudio,1BA$675
Valleyfield Apartments0 X 1Studio,1BA$675
Maple Highlands Apartments1 Bed 1 Bath1BR,1BA$680

Best Value Apartments for Rent in Cleveland, OH

As of May 15, 2026 the best value apartment in the Cleveland area is the $0.47 price per square foot Center Unit Model at Hessler 113 Townhomes in the in the University Area neighborhood starting from $995. The second greatest value Cleveland apartment is the The Hoffman Model at The Drake starting at $1,400 with a $0.86 price per square foot in the Ludlow neighborhood. Here is today’s list of the best values for Cleveland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hessler 113 TownhomesCenter Unit6BR,3.5BA$0.47
The DrakeThe Hoffman3BR,2BA$0.86
Masonic Towers ApartmentsArtist loft-Studio1BR,1BA$0.53
Lafayette Village3 Bedroom Suite3BR,1.5BA$0.84
1600 E 49th St1600 E 49th St2BR,1BA$0.88
Riviera Manor2 Bedroom 1 Bath - 285132BR,1BA$0.90
3905 Brooklyn Ave, Unit 13905 Brooklyn Ave2BR,1BA$0.89
The Balfour Apartments1 Bedroom1BR,1BA$0.77
Prospect Yard2 Bedroom2BR,1BA$0.45
Crystal Tower1 Bed 1 Bath Standard1BR,1BA$0.90

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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Local Expert's Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland

Learn About the Best Neighborhoods to Rent Near College Campuses in Cleveland, OH | Find Cleveland Off-Campus Student Housing

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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Cleveland, OH Rentals by Map

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Cleveland, OH Area Reviews

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Frequently Asked Questions about Cleveland

What type of rentals are currently available in Cleveland?

There are currently 2996 Apartments for Rent in Cleveland, OH with pricing that ranges from $475 to $13,075. There are also 919 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cleveland ranging from $595 to $12,000.

What is the current price range for Rental Homes in Cleveland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cleveland ranges from $595 to $12,000 with an average monthly rent of $1,796.

How much are larger Three and Four Bedroom Rentals in Cleveland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Cleveland range from $900 to $8,540, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $1,100.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.