Cheap Apartments for Rent in Sheffield Lake, OH from $400 (40 Rentals)

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

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Knickerbocker Apartments
1 to 2 Bedroom Apartments

Knickerbocker Apartments

370 Irving Park BlvdSheffield Lake, OH 44054
  • Utilities Included
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Windjammer Apartments
1 to 2 Bedroom Apartments

Windjammer Apartments

4141 Lake RdSheffield Lake, OH 44054
  • Utilities Included

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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Avon West
1 Bedroom Apartments

Avon West

33373-33379 Lake RdAvon Lake, OH 44012
  • Utilities Included

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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Shoreham Park
1 to 3 Bedroom Apartments

Shoreham Park

33393 Electric BlvdAvon Lake, OH 44012
  • Utilities Included
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601-605 Abbe Rd
2 Bedroom Apartments

601-605 Abbe Rd

601-605 N Abbe RdElyria, OH 44035
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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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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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Showing Results 1-40, Page 1 of 1

Sheffield Lake, OH Local Guide

Cheapest Available Sheffield Lake Apartments for Rent

 

The cheapest available apartment rental in Sheffield Lake, OH is a 1 Bed unit found at Concord Apartments in the Bartish neighborhood priced from $695. 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 Sheffield Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Concord Apartments1 Bedroom1BR,1BA$695
The OverlookEfficiencyStudio,1BA$725
Tower Regency & Tower Garden1 Bed 1 Bath1BR,1BA$740
The Perch on Lake ApartmentsCatawba Cove - Call for AvailabiltyStudio,1BA$775
Arbor Grove LorainStudioStudio,1BA$789
Water's Edge Apartments1 Bed1BR,1BA$799
Oakwood Park Apartments1 Bedroom1BR,1BA$825
Forest Ridge ApartmentsOne Bedroom One Bath - Call for Availability1BR,1BA$850
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$875
Tradewinds Apartments1 Bedroom 1 Bath1BR,1BA$975

Best Value Apartments for Rent in Sheffield Lake, OH

As of May 08, 2026 the best value apartment in the Sheffield Lake 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 Sheffield Lake 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 Sheffield Lake 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
Redwood ElyriaHollywood2BR,2BA$1.30
Portside ApartmentsThe Regatta - Deluxe2BR,1BA$1.16
Hancock Duplex Apartments1919 Randal St2BR,1.5BA$1.02
Village on the Green Apartments1 Bedroom1BR,1BA$1.35
Tradewinds Apartments1 Bedroom 1 Bath1BR,1BA$1.22
Pin Oak Apartments2 Bedroom 1 Bath2BR,1BA$1.41
Water's Edge Apartments1 Bed1BR,1BA$1.23
Tower Regency & Tower Garden1 Bed 1 Bath1BR,1BA$1.48

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

Explore Sheffield Lake, OH Rentals by Map

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See the most popular apartments and homes in Sheffield Lake, OH

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Frequently Asked Questions about Cheap Sheffield Lake Apartments

What is the Cheapest Studio apartment in Sheffield Lake?

Currently the most affordable Cheap Studio Apartment in Sheffield Lake is at The Overlook listed at $725.

How much is rent for a Cheap One Bedroom Sheffield Lake Apartment?

The lowest price for a Cheap One Bedroom Sheffield Lake Apartment is $695 at Concord Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Sheffield Lake is starting from $795 at Concord Apartments.

What is the most affordable Sheffield Lake Three Bedroom Apartment?

The best deal on a cheap Sheffield Lake Three Bedroom Apartment rental is at Oakwood Park Apartments and starts from $1,000.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.