Cheap Homes for Rent in Lorain, OH from $700 (19 Rentals)

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Search the lowest-cost Homes 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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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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Showing Results 1-19, Page 1 of 1

Lorain, OH Local Guide

Cheapest Neighborhoods for Apartments in Lorain, OH

Pricing Updated: 06/22/2026

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
Black River$1,550$67011
Larkmoor$1,550$67025
Bartish$1,570$69524

Cheapest Available Lorain Apartments for Rent

 

The cheapest available apartment rental in Lorain, OH is a 1 Bed unit found at Harmony Square Apartments in the Bartish neighborhood priced from $695. Concord Apartments in the Bartish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Lorain apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Harmony Square ApartmentsBarndoor1BR,1BA$695
Concord Apartments1 Bedroom1BR,1BA$725
The OverlookEfficiencyStudio,1BA$725
Tower Regency & Tower Garden1 Bed 1 Bath1BR,1BA$740
143 Hamilton Avestudio1BR,1BA$750

Best Value Apartments for Rent in Lorain, OH

As of June 22, 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$1.29
1031 W 9th St2 Bed 1 Bath2BR,1BA$1.05
Pin Oak Apartments2 Bedroom 1 Bath2BR,1BA$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, OH

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Remember the 3 Rules of Real Estate:
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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 $670 to $8,730. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lorain ranging from $750 to $11,000.

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 $750 to $11,000 with an average monthly rent of $2,162.

How much are larger Three and Four Bedroom Rentals in Lorain?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lorain range from $900 to $2,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,034 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,272 and Four Bedroom Apartments start at $1,570.

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.