Cheap Apartments for Rent in Elyria, OH from $500 (56 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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Southwyck Manor
1 to 3 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
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Hampshire I Apartments
Studio to 2 Bedroom Apartments

Hampshire I Apartments

103 Cheshire DrElyria, OH 44035
Corporate Housing
  • Utilities Included

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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249 8th St
1 to 3 Bedroom Apartments

249 8th St

249 8th StElyria, OH 44035
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Lorain Studio Suites
Studio to 1 Bedroom Apartments

Lorain Studio Suites

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

Pikewood Manor

1780 Lorain BlvdElyria, OH 44035
Senior Living
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Colonial Oaks
3 to 4 Bedroom Apartments

Colonial Oaks

10425 Middle AveElyria, OH 44035
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Copper Ridge
1 to 2 Bedroom Apartments

Copper Ridge

129 Park Meadow LnElyria, OH 44035
  • Utilities Included

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 2

Elyria, OH Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Elyria, OH

Pricing Updated: 06/13/2026

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$1,200$8007

Cheapest Available Elyria Apartments for Rent

 

The cheapest available apartment rental in Elyria, OH is a Studio unit found at Arbor Grove Lorain priced from $789. Foxes' Lair Apartments in the North Elyria neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here is today’s list of the most affordable Elyria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arbor Grove LorainStudioStudio,1BA$789
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$810
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$875
The Alba ApartmentsAlba 1BR1BR,1BA$895
Pinegrove Apartments129 David Drive2BR,1BA$900
780 Oberlin Elyria Rd2 Beds, 1 Baths2BR,1BA$975
Evergreen Village Apartments & Townhouses2 Bedroom Townhouse2BR,1BA$975
Sunset Townhouses2 Bed Townhome2BR,1BA$975
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1BA$1,000

Best Value Apartments for Rent in Elyria, OH

As of June 14, 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 Villa Model at Waterford Luxury Apartments & Villas starting at $2,300 with a $1.44 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.
The Preserve at French CreekThe Willow2BR,2BA$1.23
Waterford Luxury Apartments & VillasVilla2BR,2BA$1.44
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1.5BA$0.85
Redwood ElyriaFernwood2BR,2BA$1.44
334 Oakdale Cir, Unit 334 Oakdale Circle334 Oakdale Cir2BR,1BA$1.09
Pinegrove Apartments129 David Drive2BR,1BA$1.06
780 Oberlin Elyria Rd2 Beds, 1 Baths2BR,1BA$1.15
Sunset Townhouses2 Bed Townhome2BR,1BA$1.17
Evergreen Village Apartments & Townhouses2 Bedroom Townhouse2BR,1.5BA$1.20
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$1.14

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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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. 

Elyria, OH
Population: 53,881

Ranked #726

in US Census Population by City

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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

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See the most popular apartments and homes in Elyria, OH

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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 $810 at Foxes' Lair 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 $875 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 Sunset Townhouses and starts from $1,000.

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.

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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 .

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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.

decorative image for Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture article

Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture

Written by: Sandy Baker

Cleveland is the type of city to fall in love with, even if it doesn’t look all that fabulous from the outside.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.