Cheap Homes for Rent in Elyria, OH from $600 (9 Rentals)

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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.

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.

property at 2916 Seneca Ave

2916 Seneca Ave

LorainOH44055

Elyria, OH Local Guide

Cheapest Neighborhoods for Apartments in Elyria, OH

Pricing Updated: 12/05/2025

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$1,295$7904

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 ListingModel NameBed/BathPriced From
Hampshire I ApartmentsStudioStudio,1BA$625
Arbor Grove LorainStudioStudio,1BA$789
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$900

Best Value Apartments for Rent in Elyria, OH

As of December 05, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Preserve at French CreekThe Willow2BR,2BA$1.23
Redwood North Ridgeville Meadow Lakes BlvdLedgewood2BR,2BA$1.37
Redwood AmherstMeadowood2BR,2BA$1.53
Redwood ElyriaFernwood2BR,2BA$1.37
557 Ohio St, Unit Down557 Ohio St2BR,1BA$1.16
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$1.61
Arbor Grove LorainStudioStudio ,1BA$1.86
Hampshire I ApartmentsStudioStudio ,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.

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The 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.

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Quick Rent Budget Calculator

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

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Frequently Asked Questions about Elyria

What type of rentals are currently available in Elyria?

There are currently 125 Apartments for Rent in Elyria, OH with pricing that ranges from $595 to $2,800. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elyria ranging from $695 to $2,400.

What is the current price range for Rental Homes in Elyria?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elyria ranges from $695 to $2,400 with an average monthly rent of $1,347.

How much are larger Three and Four Bedroom Rentals in Elyria?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elyria range from $925 to $1,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,490 and Four Bedroom Apartments start at $1,295.

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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!