Cheap Apartments for Rent in Lorain, OH from $690 (83 Rentals)

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

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.

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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.

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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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property at 1753 E 30th St

$1,150 - $1,400

2 To 3 Bedroom Rentals

Available Now

1753 E 30th St

LorainOH44055
property at 306 Florida Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 2 Bath Home for Rent

Available Now

306 Florida Ave

LorainOH44052
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Black River Community
Studio to 2 Bedroom Apartments

Black River Community

235 E Erie AveLorain, OH 44052
  • Utilities Included

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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Oberlin Ave Apartments
1 to 2 Bedroom Apartments

Oberlin Ave Apartments

4638-4640 Oberlin AveLorain, OH 44053
  • Utilities Included
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The Oaks
1 to 2 Bedroom Apartments

The Oaks

1400-1516 Herbert DrLorain, OH 44053
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The Willows
Studio to 2 Bedroom Apartments

The Willows

4745 Oberlin AveLorain, OH 44053
  • Utilities Included
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Shorehouse Apartments
1 to 2 Bedroom Apartments

Shorehouse Apartments

1102-1140 E Erie AveLorain, OH 44052
  • Utilities Included
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Ventura Apartments
1 to 2 Bedroom Apartments

Ventura Apartments

1814 Cooper Foster Park RdLorain, OH 44053
  • Utilities Included
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Beavercrest Gardens
1 to 3 Bedroom Apartments

Beavercrest Gardens

3849 Beavercrest DrLorain, OH 44053
  • Utilities Included
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Marina View Apartments
1 to 2 Bedroom Apartments

Marina View Apartments

3540-3540 Beavercrest DrLorain, OH 44053
  • Utilities Included
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Nantucket Apartments
1 to 2 Bedroom Apartments

Nantucket Apartments

517-519 S Nantucket DrLorain, OH 44053
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Kingston Square
1 to 2 Bedroom Apartments

Kingston Square

1816 Cooper Foster Park RdLorain, OH 44053
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Lorain, OH Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lorain, OH

Pricing Updated: 08/26/2026

Current apartment rentals in the Lorain, OH area range in price from $800 to $2,041 with an overall median price of $1,386. Here is today’s list neighborhoods with the lowest median pricing for Lorain Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Larkmoor$1,350$80012
Bartish$1,387$80017
Black River$1,422$80012

Cheapest Available Lorain Apartments for Rent

 

The cheapest available apartment rental in Lorain, OH is a 1 Bed unit found at Concord Apartments in the Bartish neighborhood priced from $725. The Overlook in the Larkmoor neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Lorain apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Concord Apartments1 Bedroom1BR,1BA$725
The OverlookEfficiencyStudio,1BA$725
Tower Regency & Tower Garden1 Bed 1 Bath1BR,1BA$740
Arbor Grove LorainStudioStudio,1BA$789
Water's Edge Apartments1 Bed1BR,1BA$799
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$810
The Wingate Apartments1 Bed, 1 bath1BR,1BA$895
Pinebrook Tower Apartments1BR/1BA1BR,1BA$950
Pin Oak Apartments2 Bedroom 1 Bath2BR,1BA$1,100
Hancock Duplex Apartments1919 Randal St2BR,2BA$1,125

Best Value Apartments for Rent in Lorain, OH

As of August 26, 2026 the best value apartment in the Lorain 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 Lorain apartment is the Retreat - Central Unit Model at The Preserve at Walnut Ridge starting at $2,200 with a $1.37 price per square foot . Here is today’s list of the best values for Lorain apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Preserve at French CreekThe Willow2BR,2BA$1.23
The Preserve at Walnut RidgeRetreat - Central Unit2BR,2BA$1.37
Shoreline Village ApartmentsShoreline2BR,2BA$1.19
2402 Elyria Ave, Unit upper2402 Elyria Ave2BR,1BA$1.10
Portside ApartmentsThe Regatta - Deluxe2BR,1BA$1.19
333 Illinois Ave, Unit Front333 Illinois Ave3BR,1BA$1.00
Hancock Duplex Apartments1919 Randal St2BR,2.5BA$1.02
Pin Oak Apartments2 Bedroom 1 Bath2BR,1BA$1.47
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$1.14
Water's Edge Apartments1 Bed1BR,1BA$1.23

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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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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Lorain Overview

Lorain, OH sits in the shadow of Cleveland but has its own character. The major factories have moved on, but the lake is still a major source of income and recreation. Inland, you'll find a welcoming town with a remarkable number of green spaces in and around the city limits.

Why live in Lorain, OH?

Despite being located just a short commute from busy and bustling Cleaveland, Lorain maintains a comfortable, small-town feel. The town celebrates it’s multi-national heritage with exciting ethnic restaurants and several international festivals. When it comes to natural beauty, you’ll be hard-pressed to find better than the shores of Lake Erie. This vast stretch of fresh water is a paradise for fishermen, boaters, bird watchers, and other nature enthusiasts. Numerous state parks dot the coastline, giving outdoorsy families plenty to see and do. History buffs may also love this area, from local museums to historical societies to traditional buildings in town.

Best Local Schools in
Lorain, OH

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

Explore Lorain, OH Rentals by Map

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See the most popular apartments and homes in Lorain, OH

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Frequently Asked Questions about Cheap Lorain Apartments

How much is rent for a Cheap One Bedroom Lorain Apartment?

The lowest price for a Cheap One Bedroom Lorain Apartment is $725 at Concord Apartments.

What is the lowest price for a Cheap Two Bedroom Lorain Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lorain is starting from $825 at Concord Apartments.

What is the most affordable Lorain Three Bedroom Apartment?

The best deal on a cheap Lorain Three Bedroom Apartment rental is at Pin Oak Apartments and starts from $1,250.

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

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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.