
Cheap Apartments for Rent in Elyria, OH from $400 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Elyria.


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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.
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.
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.

Oakwood Park Apartments

Arbor Grove Lorain
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 | $641 | $580 | $775 |
Cheap Elyria 1 Bedroom Apartments | $881 | $595 | $1,495 |
Cheap Elyria 2 Bedroom Apartments | $1,602 | $630 | $2,800 |
Cheap Elyria 3 Bedroom Apartments | $1,148 | $850 | $1,500 |
Browse Top Apartments in Elyria
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Elyria, OH Local Guide

- Elyria Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Elyria Apartments for Rent
 The cheapest available apartment rental in Elyria, OH is a 1 Bed unit found at Oakwood Park Apartments priced from $675. Arbor Grove Lorain has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Elyria apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Oakwood Park Apartments | 1 Bedroom - Available Soon! | 1BR,1BA | $675 |
Arbor Grove Lorain | Studio | Studio,1BA | $700 |
601-605 Abbe Rd | 2 Bed/1.5 Bath | 2BR,1BA | $975 |
Rosewood Park Apartments | 2 Bedroom 1.5 Bath | 2BR,1BA | $1,025 |
Hunters Crossing Apartments | One Bedroom | 1BR,1BA | $1,320 |
Waterford Luxury Apartments & Villas | The Upper | 2BR,2BA | $1,600 |
Redwood Amherst | Rosewood | 2BR,2BA | $1,749 |
The Preserve at French Creek | The Willow | 2BR,2BA | $2,125 |
Best Value Apartments for Rent in Elyria, OH
As of July 30, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Redwood Amherst | Capewood | 2BR,2BA | $1.51 |
The Preserve at French Creek | The Willow | 2BR,2BA | $1.32 |
Waterford Luxury Apartments & Villas | Villa | 2BR,2BA | $1.31 |
601-605 Abbe Rd | 2 Bed/1.5 Bath | 2BR,1.5BA | $0.83 |
Rosewood Park Apartments | 3 Bedroom 1.5 Bath | 3BR,1.5BA | $1.21 |
Hunters Crossing Apartments | One Bedroom | 1BR,1BA | $1.57 |
Oakwood Park Apartments | 1 Bedroom - Available Soon! | 1BR,1BA | $1.23 |
Arbor Grove Lorain | Studio | Studio ,1BA | $1.65 |
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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.
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
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.
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.

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.

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.

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.

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.