
Cheap Homes for Rent in Olmsted Falls, OH from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Olmsted Falls.


300 West St

355 S Rocky River Dr

25735 Lorain Rd
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.

24635 Clareshire Dr

2557 Jackie Ln

12512 Mc Gowan Ave

3400 Wooster Rd
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.

14131 Berwyn Ave
Olmsted Falls, OH Local Guide

How much does it cost to rent a home in Olmsted Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olmsted Falls 2 Bedroom Homes for Rent | $1,508 | $1,340 | $1,800 |
| Olmsted Falls 3 Bedroom Homes for Rent | $2,315 | $1,500 | $3,500 |
| Olmsted Falls 4 Bedroom Homes for Rent | $4,324 | $2,100 | $10,000+ |
| Olmsted Falls 5 Bedroom Homes for Rent | $4,833 | $3,500 | $7,000 |
Browse Top Homes for Rent in Olmsted Falls
Explore Olmsted Falls
Olmsted Falls, OH Local Guide
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Cheapest Available Olmsted Falls Apartments for Rent and Nearby
 The cheapest available apartment rental in Olmsted Falls, OH is a 1 Bed unit found at Mill Stream Run in the Downtown Berea neighborhood priced from $890. Fawn Lake Apartments in the Woodgate Farms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $930. Here is today’s list of the most affordable Olmsted Falls apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mill Stream Run | One Bedroom | 1BR,1BA | $890 |
| Fawn Lake Apartments | 1 Bed 1 Bath Southside | 1BR,1BA | $930 |
| The Acadian Apartments | 1 Bed / 1 Bath FT | 1BR,1BA | $995 |
Best Value Apartments for Rent in Olmsted Falls, OH and Nearby
As of June 12, 2026 the best value apartment in the Olmsted Falls area is the $1.63 price per square foot 3 BR/2 BA Model at The Kingston of North Olmsted in the in the Riverside neighborhood starting from $1,950. The second greatest value Olmsted Falls apartment is the 3RE Model at Westbury Apartments starting at $1,783 with a $1.55 price per square foot in the Riverside neighborhood. Here is today’s list of the best values for Olmsted Falls apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Kingston of North Olmsted | 3 BR/2 BA | 3BR,2BA | $1.63 |
| Westbury Apartments | 3RE | 3BR,1.5BA | $1.55 |
| Stone Ridge Apartments | The Avalon | 1BR,1BA | $1.32 |
| Oakwood Apartments | One Bedroom Ranch Vaulted | 1BR,1BA | $1.73 |
| Northern View Villas | Large Two Bedroom Suite | 2BR,1BA | $1.45 |
| Evergreen Farms | Cypress | 1BR,1BA | $1.82 |
| Jamestown Village Apartments | One Bedroom One Bath Luxury | 1BR,1BA | $1.81 |
| The Acadian Apartments | 1 Bed / 1 Bath FT | 1BR,1BA | $1.53 |
| Fawn Lake Apartments | 1 Bed 1 Bath Southside | 1BR,1BA | $1.50 |
| Mill Stream Run | One Bedroom | 1BR,1BA | $1.56 |
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.
Read ArticleLocal Expert's Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland
Learn About the Best Neighborhoods to Rent Near College Campuses in Cleveland, OH | Find Cleveland Off-Campus Student Housing
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Olmsted Falls, OH
Olmsted Falls High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Olmsted Falls, OH Rentals by Map
See the most popular apartments and homes in Olmsted Falls, OH
Frequently Asked Questions about Olmsted Falls
What type of rentals are currently available in Olmsted Falls?
There are currently 47 Apartments for Rent in Olmsted Falls, OH with pricing that ranges from $685 to $5,356. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olmsted Falls ranging from $550 to $12,000.
What is the current price range for Rental Homes in Olmsted Falls?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Olmsted Falls ranges from $550 to $12,000 with an average monthly rent of $2,782.
How much are larger Three and Four Bedroom Rentals in Olmsted Falls?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Olmsted Falls range from $1,392 to $2,530, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $5,356.
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.
Helpful Local Expert Guides

A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Sandy Baker
Choosing the ideal place to call home in Cleveland may mean selecting a neighborhood that offers excellent access to the freeways or good overall schools for the kids.

Experts Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland
Written by: Sandy Baker
Whether you're moving to Cleveland to be close to one of the research hubs several of the local universities are known for or you just want to be part of it all in "The Land" knowing where to rent apartments close to the biggest .

Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland
Written by: Sandy Baker
If you’re moving to start a new job, knowing where to live can be overwhelming. Factors like being close to work are important, but so are schools, quality of life, and easy access to transportation.

Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture
Written by: Sandy Baker
Cleveland is the type of city to fall in love with, even if it doesn’t look all that fabulous from the outside.
Articles, How-To's, and Tips

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.

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.

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.