Cheap Homes for Rent in Cleveland, OH from $500 (273 Rentals)

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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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property at 2592 Mayfield Rd

2592 Mayfield Rd

Cleveland HeightsOH44106

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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property at 3786 W 37th St

3786 W 37th St

ClevelandOH44109
property at 1130 E 68th St

1130 E 68th St

ClevelandOH44103

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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property at 1507 E 106th St

1507 E 106th St

ClevelandOH44106

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Cleveland, OH Local Guide

Cheapest Neighborhoods for Apartments in Cleveland, OH

Pricing Updated: 08/03/2025

Current apartment rentals in the Cleveland, OH area range in price from $451 to $28,080 with an overall median price of $4,313. The three Cleveland neighborhoods with the lowest median rent pricing are Orchard Villas at $680, North Elyria at $595, and Friend at $625. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Cleveland Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Orchard Villas$1,095$68024
North Elyria$1,100$5953
Friend$1,200$62548
East Elyria$1,250$5806
South Elyria$1,250$5806
Libby Road$1,250$6252
Mapleboro$1,250$6257
Green Oak Drive$1,253$63495
Edgewater$1,294$62531
Downtown Rock River$1,297$64017

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. Shaker University in the Woodland Hills neighborhood has the second lowest priced unit, which is a Studio 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
Shaker UniversityStudio ApartmentsStudio,1BA$595
Shaker CrossingOne Bed One Bath1BR,1BA$635
Lakeland CommonsStudioStudio,1BA$635
Franklin ManorStudioStudio,1BA$649
Parkview Apartments1 Bed 1 Bath Standard1BR,1BA$662
Lakeland Tower1 Bed/1 Bath Junior1BR,1BA$665
3567 Bosworth Rd1 Bedroom-1BR,1BA$665
Indian Hills Senior CommunityStudio StandardStudio,1BA$670
Maple Highlands Apartments1 Bed 1 Bath1BR,1BA$680

Best Value Apartments for Rent in Cleveland, OH

As of August 04, 2025 the best value apartment in the Cleveland area is the $0.28 price per square foot 8 Beds, 3.5 baths Model at 3332 Walton Ave in the in the Ohio City neighborhood starting from $875. The second greatest value Cleveland apartment is the 3 Bedroom House Model at 205 Seminary St starting at $1,650 with a $0.66 price per square foot in the Riverside 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.
3332 Walton Ave8 Beds, 3.5 baths8BR,3.5BA$0.28
205 Seminary St3 Bedroom House3BR,1BA$0.66
Reserve OverlookPrivate Bedroom in a 4 Bedroom 4.5 Bath (per be...1BR,1BA$0.57
The DrakeThe Hoffman3BR,2BA$0.80
Crystal TowerTwo Bedroom Two Bath2BR,2BA$0.58
Lafayette Village3 Bedroom Suite3BR,1.5BA$0.80
15821 Huntmere Ave, Unit 1BR 3rd Floor unit15821 Huntmere Ave1BR,1BA$0.73
The Balfour Apartments1 Bedroom1BR,1BA$0.80
Prospect Yard2 Bedroom2BR,1BA$0.45
3567 Bosworth Rd1 Bedroom-1BR,1BA$0.81

Quick 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.

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Cleveland, OH Area Reviews

  • Location

Frequently Asked Questions about Cleveland

What type of rentals are currently available in Cleveland?

There are currently 2832 Apartments for Rent in Cleveland, OH with pricing that ranges from $451 to $28,080. There are also 837 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cleveland ranging from $500 to $5,500.

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 $500 to $5,500 with an average monthly rent of $1,609.

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 $500 to $9,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,100.

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.