Cheap Apartments for Rent in Lorain, OH from $400 (67 Rentals)

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

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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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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Black River Community
Studio to 2 Bedroom Apartments

Black River Community

235 E Erie AveLorain, 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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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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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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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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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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Williamsburg Square
1 to 2 Bedroom Apartments

Williamsburg Square

1824 Cooper Foster Park RdLorain, OH 44053
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936 S Central Dr
1 to 2 Bedroom Apartments

936 S Central Dr

936 S Central DrLorain, OH 44052
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Westlake Gardens
2 to 3 Bedroom Apartments

Westlake Gardens

5009 W Erie AveLorain, OH 44053
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1031 W 9th St
2 Bedroom Apartments

1031 W 9th St

1031 W 9th StLorain, OH 44052
  • Utilities Included
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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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Lorain, OH Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Lorain, OH

Pricing Updated: 07/12/2026

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$1,275$72521
Black River$1,300$75011
Bartish$1,385$72526

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
143 Hamilton Avestudio1BR,1BA$750
2550 Elyria Ave1 Bed 1 Bath1BR,1BA$750
Arbor Grove LorainStudioStudio,1BA$789
Water's Edge Apartments1 Bed1BR,1BA$799
936 S Central Dr1 Beds, 1 Baths1BR,1BA$800
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$810

Best Value Apartments for Rent in Lorain, OH

As of July 12, 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
Portside ApartmentsThe Regatta - Deluxe2BR,1BA$1.23
333 Illinois Ave, Unit Front333 Illinois Ave3BR,1BA$1.17
Evergreen Village2 Bedroom 2 Bathroom2BR,2BA$1.41
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$1.14
936 S Central Dr1 Beds, 1 Baths1BR,1BA$1.14
Water's Edge Apartments1 Bed1BR,1BA$1.23
Pinebrook Tower Apartments1BR/1BA1BR,1BA$1.33

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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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 $725, while the average apartment in Lorain costs $1,320.

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 $187 which is $1,133 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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.