Cheap Apartments for Rent in Parma, OH from $500 (106 Rentals)

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

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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Chesterfield Terrace
1 to 2 Bedroom Apartments

Chesterfield Terrace

6500 Powers BlvdParma, OH 44129
Senior Living
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Parma Pointe
1 to 2 Bedroom Apartments

Parma Pointe

6032-6040 Ridge RdParma, OH 44129

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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5235 State Rd
1 to 2 Bedroom Apartments

5235 State Rd

5235 State RdParma, OH 44134
property at 6099 Ridge Rd

$1,250

2 Bedroom Rentals

Available May 15

6099 Ridge Rd

ParmaOH44129

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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Cleveland Rocks: Your Essential Guide to the Land's Neighborhoods and Culture

Discover the best areas for renters in Cleveland, from vibrant Ohio City and University Circle to suburban Lakewood and Shaker Heights. Get to know The Land.

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property at 5850 W 130th St

$950 - $1,050

1 To 2 Bedroom Rentals

Available Now

5850 W 130th St

Brook ParkOH44142
property at 2202 Tate Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

2202 Tate Ave

ClevelandOH44109

Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland

Find the top neighborhoods and best apartments for rent near major employers like The Cleveland Clinic, KeyBank, and Progressive Insurance.

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Parma, OH Local Guide

Cheapest Available Parma Apartments for Rent

 

The cheapest available apartment rental in Parma, OH is a 1 Bed unit found at Westview Acres Apartments in the Downtown Parma neighborhood priced from $750. Westview North Apartments in the Downtown Parma neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Parma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westview Acres ApartmentsC1BR,1BA$750
Westview North ApartmentsC1BR,1BA$750
Chesterfield Terrace2-bedroom2BR,1BA$779
Park Place Brook ParkStudioStudio,1BA$780
Elayne ApartmentsBig 1BD1BR,1BA$800
Broadview Gardens ApartmentsBG 1 BD Standard1BR,1BA$830
Valley Plaza ApartmentsStudio / 1 Bath HT FTStudio,1BA$850
Parma Park East & West - Seniors 55+1 Bedroom Traditional1BR,1BA$870
Valley Park Apartments1 Bed / 1 Bath MR1BR,1BA$875
Hummingbird Pointe & The GardensThe Gardens 1 Bedrooms1BR,1BA$888

Best Value Apartments for Rent in Parma, OH

As of April 24, 2026 the best value apartment in the Parma area is the $0.84 price per square foot 3 Bedroom Suite Model at Lafayette Village in the in the Downtown Parma neighborhood starting from $1,090. The second greatest value Parma apartment is the 8221 Pelham Dr Model at 8221 Pelham Dr starting at $1,400 with a $1.15 price per square foot in the Downtown Parma neighborhood. Here is today’s list of the best values for Parma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lafayette Village3 Bedroom Suite3BR,1.5BA$0.84
8221 Pelham Dr8221 Pelham Dr2BR,1BA$1.15
Foxmoor ApartmentsTwo Bedroom Two Bath2BR,2BA$1.23
3905 Brooklyn Ave, Unit 13905 Brooklyn Ave2BR,1BA$0.89
Kingston Place Apartments2 Bedroom2BR,1.5BA$1.01
Cambridge Court ApartmentsAbbey2BR,1BA$1.19
Fulton Flats West2 Bed / 1 Bath MR2BR,1BA$1.30
Valley York Apartments2 Bedroom2BR,1BA$1.23
Elayne ApartmentsBig 1BD1BR,1BA$1.22
Chesterfield Terrace1-bedroom1BR,1BA$1.26

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Best Local Schools in
Parma, OH

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Parma Apartments

What is the Cheapest Studio apartment in Parma?

Currently the most affordable Cheap Studio Apartment in Parma is at Park Place Brook Park listed at $780.

How much is rent for a Cheap One Bedroom Parma Apartment?

The lowest price for a Cheap One Bedroom Parma Apartment is $750 at Westview Acres Apartments.

What is the lowest price for a Cheap Two Bedroom Parma Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Parma is starting from $779 at Chesterfield Terrace.

What is the most affordable Parma Three Bedroom Apartment?

The best deal on a cheap Parma Three Bedroom Apartment rental is at Lafayette Village and starts from $1,090.

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

decorative image for A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

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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 .

decorative image for Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland article

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.

decorative image for Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture article

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.