
Cheap Apartments for Rent in Elyria, OH from $500 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Elyria.


Sherwood Forest Apartments

Hampshire I Apartments

Foxes' Lair Apartments

Chestnut Acres Apartments

Meadows Pointe Apartments

109 E River St
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.

Evergreen Village Apartments & Townhouses

Condor Garden Apartments

Pinegrove Apartments

College Park Apartments

138 Mendel Ct

Rosewood Park Apartments
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.
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.

Oakwood Park Apartments

1844-1846 E 42nd St
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.
Elyria, OH Local Guide

How much does it cost to rent an apartment in Elyria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Elyria Studio Apartments | $700 | $605 | $825 |
| Cheap Elyria 1 Bedroom Apartments | $737 | $595 | $825 |
| Cheap Elyria 2 Bedroom Apartments | $1,491 | $630 | $2,800 |
| Cheap Elyria 3 Bedroom Apartments | $1,157 | $925 | $1,500 |
| Cheap Elyria 4 Bedroom Apartments | $1,328 | $1,195 | $1,495 |
Browse Top Apartments in Elyria
See all Apartments in ElyriaExplore Elyria
Elyria, OH Local Guide

- Elyria Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Elyria, OH
Pricing Updated: 12/14/2025Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Elyria | $1,295 | $700 | 9 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hampshire I Apartments | Studio | Studio,1BA | $625 |
| Arbor Grove Lorain | Studio | Studio,1BA | $789 |
| Rosewood Park Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $900 |
| Redwood Elyria | Fernwood | 2BR,2BA | $1,548 |
| Redwood Amherst | Forestwood | 2BR,2BA | $1,799 |
| Redwood North Ridgeville Meadow Lakes Blvd | Ledgewood | 2BR,2BA | $1,949 |
| The Preserve at French Creek | The Willow | 2BR,2BA | $1,975 |
Best Value Apartments for Rent in Elyria, OH
As of December 14, 2025 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 $1,949 with a $1.37 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Preserve at French Creek | The Willow | 2BR,2BA | $1.23 |
| Redwood North Ridgeville Meadow Lakes Blvd | Ledgewood | 2BR,2BA | $1.37 |
| Redwood Amherst | Meadowood | 2BR,2BA | $1.53 |
| Redwood Elyria | Fernwood | 2BR,2BA | $1.38 |
| 557 Ohio St, Unit Down | 557 Ohio St | 2BR,1BA | $1.16 |
| 38835 Yunker Ct, Unit 0 | 38835 Yunker Ct | 2BR,1BA | $0.88 |
| Rosewood Park Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.61 |
| Arbor Grove Lorain | Studio | Studio ,1BA | $1.86 |
| Hampshire I Apartments | Studio | Studio ,1BA | $2.17 |
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 ArticleThe 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 ArticleQuick 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.
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
See the most popular apartments and homes in Elyria, OH
Getting Around Elyria, OH
Walk Score®
40 / 100
Car-Dependent
Most errands require a car
Bike Score®
44 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Elyria Apartments
What is the Cheapest Studio apartment in Elyria?
Currently the most affordable Cheap Studio Apartment in Elyria is at Hampshire I Apartments listed at $625.
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

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.

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 .

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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

















