
Cheap Apartments for Rent in the Downtown Elyria Neighborhood of Elyria, OH from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Elyria area of Elyria.


Colony

115-117 Chestnut St

1117 East Ave

1446 W River Rd N

115 Fox Hill Ln
Cleveland's Best Affordable Neighborhoods
Learn about Cleveland and the best places to live with original content written by our Cleveland, OH Local Expert Sandy Baker

Carriage House Apartments

Southwyck Manor

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Lorain Studio Suites

Pikewood Manor

Colonial Oaks
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

254 Washington Ave

Colonial Apartments

Colonnade

Water's Edge Apartments

Westway Garden Townhomes

Westfield Gardens
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Foster Garden Apartments
Downtown Elyria, Elyria, OH Local Guide

How much does it cost to rent an apartment in Downtown Elyria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Elyria 1 Bedroom Apartments | $998 | $800 | $1,300 |
| Downtown Elyria 2 Bedroom Apartments | $897 | $895 | $900 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Downtown Elyria Neighborhood of Elyria, OH.
See all Apartments in ElyriaExplore Elyria
Downtown Elyria, Elyria, OH Local Guide
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Cheapest Available Downtown Elyria Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Alba Apartments | Alba 1BR | 1BR,1BA | $895 |
| Pinegrove Apartments | 129 David Drive | 2BR,1BA | $900 |
Best Value Apartments for Rent in Downtown Elyria, OH
As of July 27, 2026 the best value apartment in the Downtown Elyria area is the $1.06 price per square foot 129 David Drive Model at Pinegrove Apartments in the in the North Elyria neighborhood starting from $900. The second greatest value Downtown Elyria apartment is the Alba 1BR Model at The Alba Apartments starting at $895 with a $1.63 price per square foot in the North Elyria neighborhood. Here is today’s list of the best values for Downtown Elyria apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pinegrove Apartments | 129 David Drive | 2BR,1BA | $1.06 |
| The Alba Apartments | Alba 1BR | 1BR,1BA | $1.63 |
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 ArticleReal 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.
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.
Pet Friendly LifestyleDowntown Elyria, Elyria, OH
Ranked #6
Among cities in Ohio for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.