Cheap Apartments for Rent in Elyria, OH from $500 (31 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Elyria.

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.

Read Article
property at 518 Lake Ave

$775 - $1,200

1 To 3 Bedroom Rentals

Available Now

518 Lake Ave

ElyriaOH44035

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.

Read Article
close
View Me
Southwyck Manor
1 to 3 Bedroom Apartments

Southwyck Manor

1442-1454 W River Rd NElyria, OH 44035
  • Utilities Included
close
View Me
The Floridian
1 to 2 Bedroom Apartments

The Floridian

127 Fox Hill LnElyria, OH 44035
close
View Me
Colony
2 Bedroom Apartments

Colony

275 Harrison StElyria, OH 44035
Senior Living

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.

Read Article
close
View Me
249 8th St
1 to 3 Bedroom Apartments

249 8th St

249 8th StElyria, OH 44035
  • Smoke Free
close
View Me
Lorain Studio Suites
Studio to 1 Bedroom Apartments

Lorain Studio Suites

1825 Lorain BlvdElyria, OH 44035
  • Utilities Included
close
View Me
Pikewood Manor
1 to 3 Bedroom Apartments

Pikewood Manor

1780 Lorain BlvdElyria, OH 44035
Senior Living
  • Utilities Included
close
View Me
Colonial Oaks
3 to 4 Bedroom Apartments

Colonial Oaks

10425 Middle AveElyria, OH 44035

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.

Read Article
Showing Results 1-31, Page 1 of 1

Elyria, OH Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Elyria, OH

Pricing Updated: 01/28/2026

Current apartment rentals in the Elyria, OH area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Elyria Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Elyria$1,135$7754

Cheapest Available Elyria Apartments for Rent

 

The cheapest available apartment rental in Elyria, OH is a Studio unit found at Hampshire I Apartments in the South Elyria neighborhood priced from $625. Arbor Grove Lorain has the second lowest priced unit, which is a Studio apartment currently listed from $789. Here is today’s list of the most affordable Elyria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hampshire I ApartmentsStudioStudio,1BA$625
Arbor Grove LorainStudioStudio,1BA$789
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$810
Chestnut Acres Apartments1 Bedroom - Call for Availability1BR,1BA$825
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$900
Hunters Crossing ApartmentsTwo Bedroom with Private Entry2BR,2BA$1,460
Redwood AmherstMahogany1BR,1BA$1,749
Redwood North Ridgeville Meadow Lakes BlvdLedgewood2BR,2BA$1,899

Best Value Apartments for Rent in Elyria, OH

As of January 29, 2026 the best value apartment in the Elyria area is the $1.23 price per square foot The Willow Model at The Preserve at French Creek in the in the Bentley Park neighborhood starting from $1,975. The second greatest value Elyria apartment is the Ledgewood Model at Redwood North Ridgeville Meadow Lakes Blvd starting at $1,899 with a $1.33 price per square foot in the Waterbury neighborhood. Here is today’s list of the best values for Elyria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Preserve at French CreekThe Willow2BR,2BA$1.23
Redwood North Ridgeville Meadow Lakes BlvdLedgewood2BR,2BA$1.33
Hunters Crossing ApartmentsTwo Bedroom with Private Entry2BR,2BA$1.29
557 Ohio St, Unit Down557 Ohio St2BR,1BA$1.16
Redwood AmherstMahogany1BR,1BA$1.93
38835 Yunker Ct, Unit 038835 Yunker Ct2BR,1BA$0.89
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$1.14
Chestnut Acres Apartments1 Bedroom - Call for Availability1BR,1BA$1.43
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$1.61
Arbor Grove LorainStudioStudio ,1BA$1.86

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Elyria Overview

It may have an unusual name, but once you learn how to pronounce it, chances are high that you'll fall in love with the lifestyle you can have in this small city close to Cleveland. With a unique history and a bright future, Elyria has grown to maturity by preserving the best of its past and retaining some of the character of its founder, who had a vision that included building homes that would be appreciated by early settlers. Today, the city still exists with that goal -- to treat its residents to a life that has a lot to offer on many different levels!

Why live in Elyria, OH?

 The cost of housing is low compared to the rest of the country, with the median home price 54% below the national average at $107,600, and a median rent of $740, 36% below the national average. The overall cost of living is 14% below the national average, and Elyria has a diverse population, a relatively high job availability rate, short commutes, plenty of recreational opportunities, and abundant amenities. 

Best Local Schools in
Elyria, OH

School data provided by Great Schools

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

Explore Elyria, OH Rentals by Map

Decorative image of map

See the most popular apartments and homes in Elyria, OH

View Map
Elyria, OH Apartments Map
View Map
Elyria, OH Rental Homes Map

Frequently Asked Questions about Cheap Elyria Apartments

How much is rent for a Cheap One Bedroom Elyria Apartment?

The lowest price for a Cheap One Bedroom Elyria Apartment is $775 at Hampshire I Apartments.

What is the lowest price for a Cheap Two Bedroom Elyria Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elyria is starting from $900 at Rosewood Park Apartments.

What is the most affordable Elyria Three Bedroom Apartment?

The best deal on a cheap Elyria Three Bedroom Apartment rental is at Rosewood Park Apartments and starts from $1,275.

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

decorative image for A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Experts Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland article

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 .

decorative image for Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland article

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.

Articles, How-To's, and Tips

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.