Cheap Apartments for Rent in Lorain, OH from $400 (55 Rentals)

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

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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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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Black River Community
1 to 2 Bedroom Apartments

Black River Community

219 E Erie BrgLorain, OH 44052
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Oberlin Ave Apartments
1 to 2 Bedroom Apartments

Oberlin Ave Apartments

4638-4640 Oberlin AveLorain, OH 44053
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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
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Shorehouse Apartments
1 to 2 Bedroom Apartments

Shorehouse Apartments

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

Ventura Apartments

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

Beavercrest Gardens

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

Marina View Apartments

3540-3540 Beavercrest DrLorain, OH 44053
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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
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Baron Arms Apartments
1 to 3 Bedroom Apartments

Baron Arms Apartments

3830 Beavercrest DrLorain, OH 44053
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Pentamen Arms
1 to 2 Bedroom Apartments

Pentamen Arms

1800 Cooper Foster Park RdLorain, OH 44053
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Williamsburg Square
1 to 2 Bedroom Apartments

Williamsburg Square

1824 Cooper Foster Park RdLorain, OH 44053
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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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Westlake Gardens
2 to 3 Bedroom Apartments

Westlake Gardens

5009 W Erie AveLorain, OH 44053
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2550 Elyria Ave
2 Bedroom Apartments

2550 Elyria Ave

2550 Elyria AveLorain, OH 44055
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Washington Townhomes
1 to 3 Bedroom Apartments

Washington Townhomes

2307-2707 Washington AveLorain, OH 44052
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Almadien Village
2 to 3 Bedroom Apartments

Almadien Village

2075 E Serenity LnLorain, OH 44053
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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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Lorain, OH Local Guide

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Cheapest Neighborhoods for Apartments in Lorain, OH

Pricing Updated: 02/26/2026

Current apartment rentals in the Lorain, 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 Lorain Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Larkmoor$1,295$65022
Bartish$1,545$69532
Black River$1,545$75013

Cheapest Available Lorain Apartments for Rent

 

The cheapest available apartment rental in Lorain, OH is a Studio unit found at The Overlook in the Larkmoor neighborhood priced from $650. Concord Apartments in the Bartish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Lorain apartments for rent:

Apartment ListingModel NameBed/BathPriced From
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
Arbor Grove LorainStudioStudio,1BA$789
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$810
Pinebrook Tower Apartments1BR/1BA1BR,1BA$850
143 Hamilton Ave1 Bed 1 Bath1BR,1BA$850
Pin Oak Apartments3 Bedroom 2 Bath3BR,2BA$1,050
Hancock Duplex Apartments1919 Randal St2BR,1BA$1,125

Best Value Apartments for Rent in Lorain, OH

As of February 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
Portside ApartmentsThe Windjammer2BR,2BA$1.29
Hancock Duplex Apartments1919 Randal St2BR,1.5BA$1.02
Pin Oak Apartments2 Bedroom 1 Bath2BR,1BA$1.41
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$1.14
Water's Edge Apartments1 Bed1BR,1BA$1.08
143 Hamilton Ave1 Bed 1 Bath1BR,1BA$1.31
Pinebrook Tower Apartments1BR/1BA1BR,1BA$1.33
Tower Regency & Tower Garden1 Bed 1 Bath1BR,1BA$1.47

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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.

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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

What is the price of a cheap apartment in Lorain?

The cheapest apartment in Lorain is Concord Apartments which is listed at $695, while the average apartment in Lorain costs $1,461.

What types of apartments are the cheapest in Lorain?

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 3 regular apartments in Lorain 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?

Cheap apartments in Lorain have an average cost of $139 which is $1,322 cheaper than the average rent for all rentals in Lorain.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.

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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.

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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.