Cheap Apartments for Rent in Lorain County, OH from $400 (126 Rentals)

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

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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property at 518 Lake Ave

$775 - $1,200

1 To 3 Bedroom Rentals

Available Now

518 Lake Ave

ElyriaOH44035

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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The Art of the Rental Viewing: What to look for during a property tour

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.

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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.

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property at 218 Gates Ave

$975 - $1,000

3 Bedroom Rentals

Available Now

218 Gates Ave

ElyriaOH44035

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.

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Cheapest Available Lorain County Apartments for Rent

 

The cheapest available apartment rental in Lorain County, OH is a Studio unit found at Hampshire I Apartments in the South Elyria neighborhood priced from $625. The Overlook in the Larkmoor neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Lorain County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hampshire I ApartmentsStudioStudio,1BA$625
The OverlookEfficiencyStudio,1BA$650
Concord Apartments1 Bedroom1BR,1BA$695
Water's Edge Apartments1 Bed1BR,1BA$700
Tower Regency & Tower Garden1 Bed 1 Bath1BR,1BA$735
The Perch on Lake ApartmentsCatawba Cove - Call for AvailabiltyStudio,1BA$775
Arbor Grove LorainStudioStudio,1BA$789
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$810
Chestnut Acres Apartments1 Bedroom - Call for Availability1BR,1BA$825

Best Value Apartments for Rent in Lorain County, OH

As of January 24, 2026 the best value apartment in the Lorain County area is the $0.98 price per square foot Single Family Home Ranch Model at 403 Palomino Ct in the in the South Cleveland neighborhood starting from $1,850. The second greatest value Lorain County apartment is the The Willow Model at The Preserve at French Creek starting at $1,975 with a $1.23 price per square foot in the Bentley Park neighborhood. Here is today’s list of the best values for Lorain County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
403 Palomino CtSingle Family Home Ranch3BR,2BA$0.98
The Preserve at French CreekThe Willow2BR,2BA$1.23
Portside ApartmentsThe Nautilus2BR,2BA$1.10
Hancock Duplex Apartments1919 Randal St2BR,1.5BA$1.02
Timber Lakes Apartments2B Ranch2BR,2BA$1.21
557 Ohio St, Unit Down557 Ohio St2BR,1BA$1.16
38835 Yunker Ct, Unit 038835 Yunker Ct2BR,1BA$0.89
Tradewinds Apartments1 Bedroom 1 Bath1BR,1BA$1.22
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$1.14
Water's Edge Apartments1 Bed1BR,1BA$1.08

Frequently Asked Questions about Cheap Lorain County Apartments

What is a cheap apartment in Lorain County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lorain County is under $825.

What is the price of a cheap apartment in Lorain County?

The cheapest apartment in Lorain County is Concord Apartments which is listed at $695, while the average apartment in Lorain County costs $2,641.

What types of apartments are the cheapest in Lorain County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Lorain County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lorain County?

Cheap apartments in Lorain County have an average cost of $167 which is $2,474 cheaper than the average rent for all rentals in Lorain County.

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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.