Cheap Homes for Rent in Elyria, OH from $700 (13 Rentals)

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Elyria, OH Local Guide

Cheapest Neighborhoods for Apartments in Elyria, OH

Pricing Updated: 08/15/2026

Current apartment rentals in the Elyria, OH area range in price from $725 to $1,800 with an overall median price of $1,384. Here is today’s list neighborhoods with the lowest median pricing for Elyria Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Elyria$1,384$7256

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

Best Value Apartments for Rent in Elyria, OH

As of August 15, 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
Redwood AmherstMeadowood2BR,2BA$1.53
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1.5BA$0.94
780 Oberlin Elyria Rd2 Beds, 1 Baths2BR,1BA$1.15
Pinegrove Apartments129 David Drive2BR,1BA$1.06
Sunset Townhouses2 Bed Townhome2BR,1BA$1.17
Condor Garden Apartments2 Bedroom2BR,1BA$1.19
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$1.14
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$1.56

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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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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Elyria, OH
Population: 53,881

Ranked #726

in US Census Population by City

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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 123 Apartments for Rent in Elyria, OH with pricing that ranges from $595 to $2,800. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elyria ranging from $725 to $3,200.

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 $725 to $3,200 with an average monthly rent of $1,416.

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.

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