Cheap Homes for Rent in Lorain, OH from $700 (12 Rentals)

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

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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Lorain, OH Local Guide

Cheapest Neighborhoods for Apartments in Lorain, OH

Pricing Updated: 07/13/2025

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
Bartish$1,520$79519
Black River$1,520$1,00016
Larkmoor$1,520$84520

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 $665. 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$665
Tower Regency & Tower Garden1 Bed 1 Bath1BR,1BA$665
Oakwood Park Apartments1 Bedroom - Available Soon!1BR,1BA$675
Water's Edge Apartments1 Bed1BR,1BA$700

Best Value Apartments for Rent in Lorain, OH

As of July 13, 2025 the best value apartment in the Lorain area is the $1.32 price per square foot The Willow Model at The Preserve at French Creek in the in the Bentley Park neighborhood starting from $2,125. The second greatest value Lorain apartment is the Retreat - Interior Model at The Preserve at Walnut Ridge starting at $2,350 with a $1.46 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$1.32
The Preserve at Walnut RidgeRetreat - Interior2BR,2BA$1.46
Portside ApartmentsThe Regatta - Standard2BR,1BA$1.23
Pinecrest ApartmentsThree Bedroom Two Bath3BR,2BA$0.83
Pin Oak Apartments3 Bedroom 2 Bath3BR,2BA$1.12
Water's Edge Apartments1 Bed1BR,1BA$1.08
Oakwood Park Apartments1 Bedroom - Available Soon!1BR,1BA$1.23
Tower Regency & Tower Garden1 Bed 1 Bath1BR,1BA$1.33
Arbor Grove LorainStudioStudio ,1BA$1.65
The OverlookEfficiencyStudio ,1BA$1.57

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Frequently Asked Questions about Lorain

What type of rentals are currently available in Lorain?

There are currently 264 Apartments for Rent in Lorain, OH with pricing that ranges from $600 to $4,260. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lorain ranging from $700 to $1,750.

What is the current price range for Rental Homes in Lorain?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lorain ranges from $700 to $1,750 with an average monthly rent of $1,287.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.