Cheap Apartments for Rent in Elyria, OH from $400 (28 Rentals)

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

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.

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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Southwyck Manor
1 to 2 Bedroom Apartments

Southwyck Manor

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

The Floridian

127 Fox Hill LnElyria, OH 44035
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Colony
2 Bedroom Apartments

Colony

275 Harrison StElyria, OH 44035
Senior Living

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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249 8th St
1 to 3 Bedroom Apartments

249 8th St

249 8th StElyria, OH 44035
  • Smoke Free
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Lorain Studio Suites
Studio Apartments

Lorain Studio Suites

1825 Lorain BlvdElyria, OH 44035
  • Utilities Included
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Pikewood Manor
2 to 3 Bedroom Apartments

Pikewood Manor

1780 Lorain BlvdElyria, OH 44035
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Elyria, OH Local Guide

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Cheapest Neighborhoods for Apartments in Elyria, OH

Pricing Updated: 06/25/2025

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$1,650$7503

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. Oakwood Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Elyria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hampshire I ApartmentsStudioStudio,1BA$625
Oakwood Park Apartments1 Bedroom - Available Soon!1BR,1BA$675
Arbor Grove LorainStudioStudio,1BA$700
Meadows Pointe ApartmentsStandard 1st Floor2BR,1BA$790
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$900
Evergreen Village Apartments & Townhouses2 Bedroom Townhouse2BR,1BA$900
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1BA$975
Hunters Crossing ApartmentsTwo Bedroom with Private Entry2BR,2BA$1,460
Redwood ElyriaFernwood2BR,2BA$1,579
Waterford Luxury Apartments & VillasThe Upper2BR,2BA$1,600

Best Value Apartments for Rent in Elyria, OH

As of June 25, 2025 the best value apartment in the Elyria area is the $1.51 price per square foot Capewood Model at Redwood Amherst in the in the Downtown Amherst neighborhood starting from $2,449. The second greatest value Elyria apartment is the The Willow Model at The Preserve at French Creek starting at $2,125 with a $1.32 price per square foot in the Bentley Park 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.
Redwood AmherstCapewood2BR,2BA$1.51
The Preserve at French CreekThe Willow2BR,2BA$1.32
Waterford Luxury Apartments & VillasVilla2BR,2BA$1.31
Redwood North Ridgeville Meadow Lakes BlvdLedgewood2BR,2BA$1.55
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1.5BA$0.83
Hunters Crossing ApartmentsTwo Bedroom with Private Entry2BR,2BA$1.29
Redwood ElyriaFernwood2BR,2BA$1.41
Meadows Pointe ApartmentsStandard 1st Floor2BR,1BA$0.90
Evergreen Village Apartments & Townhouses2 Bedroom Townhouse2BR,1.5BA$1.11
Oakwood Park Apartments1 Bedroom - Available Soon!1BR,1BA$1.23

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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. 

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

Explore Elyria, OH Rentals by Map

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Getting Around Elyria, OH

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $675 at Oakwood Park 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 $745 at Oakwood Park Apartments.

What is the most affordable Elyria Three Bedroom Apartment?

The best deal on a cheap Elyria Three Bedroom Apartment rental is at Oakwood Park Apartments and starts from $850.

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.