
Cheap Homes for Rent near Sheffield Lake, OH from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Sheffield Lake.


4461 Oberlin Ave

1454 W River Rd N

410 W 14th St
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.

330 W 17th St

1608 New Hampshire Ave

3009 Pearl Ave

1911 E 34th St
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.

1220 W Erie Ave
Sheffield Lake, OH Local Guide

How much does it cost to rent a home in Sheffield Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sheffield Lake 2 Bedroom Homes for Rent | $1,282 | $825 | $1,849 |
| Sheffield Lake 3 Bedroom Homes for Rent | $1,680 | $950 | $3,200 |
| Sheffield Lake 4 Bedroom Homes for Rent | $4,448 | $1,500 | $10,000+ |
| Sheffield Lake 5 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Top Homes for Rent in Sheffield Lake
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Sheffield Lake, OH Local Guide
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Cheapest Available Sheffield Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Sheffield Lake, OH is a 1 Bed unit found at Concord Apartments in the Bartish neighborhood priced from $725. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Concord Apartments | 1 Bedroom | 1BR,1BA | $725 |
| The Overlook | Efficiency | Studio,1BA | $725 |
| Tower Regency & Tower Garden | 1 Bed 1 Bath | 1BR,1BA | $740 |
Best Value Apartments for Rent in Sheffield Lake, OH and Nearby
As of July 12, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Preserve at French Creek | The Willow | 2BR,2BA | $1.23 |
| The Preserve at Walnut Ridge | Retreat - Central Unit | 2BR,2BA | $1.37 |
| Waterford Luxury Apartments & Villas | Villa | 2BR,2BA | $1.44 |
| Portside Apartments | The Regatta - Deluxe | 2BR,1BA | $1.23 |
| 601-605 Abbe Rd OPEN HOUSE 7/18 10-3PM | 2 Bed/1.5 Bath | 2BR,1.5BA | $0.85 |
| Pinegrove Apartments | 129 David Drive | 2BR,1BA | $1.06 |
| Evergreen Village | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.41 |
| Tradewinds Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.23 |
| Village on the Green Apartments | 1 Bedroom | 1BR,1BA | $1.35 |
| Water's Edge Apartments | 1 Bed | 1BR,1BA | $1.23 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Sheffield Lake
What type of rentals are currently available in Sheffield Lake?
There are currently 71 Apartments for Rent in Sheffield Lake, OH with pricing that ranges from $630 to $3,500. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sheffield Lake ranging from $749 to $11,000.
What is the current price range for Rental Homes in Sheffield Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Sheffield Lake ranges from $749 to $11,000 with an average monthly rent of $2,299.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.

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.