Cheap Apartments for Rent near Sheffield, OH from $500 (37 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Southwyck Manor
1 to 3 Bedroom Apartments

Southwyck Manor

1442-1454 W River Rd NElyria, OH 44035
  • Utilities Included
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The Floridian
1 to 2 Bedroom Apartments

The Floridian

127 Fox Hill LnElyria, OH 44035
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Avon West
1 Bedroom Apartments

Avon West

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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Lorain Studio Suites
Studio to 1 Bedroom Apartments

Lorain Studio Suites

1825 Lorain BlvdElyria, OH 44035
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Pikewood Manor
1 to 3 Bedroom Apartments

Pikewood Manor

1780 Lorain BlvdElyria, OH 44035
Senior Living
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Knickerbocker Apartments
1 to 2 Bedroom Apartments

Knickerbocker Apartments

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

Windjammer Apartments

4141 Lake RdSheffield Lake, OH 44054
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Shoreham Park
1 to 3 Bedroom Apartments

Shoreham Park

33393 Electric BlvdAvon Lake, OH 44012
  • 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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Showing Results 1-37, Page 1 of 1

Sheffield, OH Local Guide

Cheapest Available Sheffield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sheffield, OH is a Studio unit found at The Overlook in the Larkmoor neighborhood priced from $725. Arbor Grove Lorain has the second lowest priced unit, which is a Studio apartment currently listed from $789. Here is today’s list of the most affordable Sheffield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The OverlookEfficiencyStudio,1BA$725
Arbor Grove LorainStudioStudio,1BA$789
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$810
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$875
Pinegrove Apartments129 David Drive2BR,1BA$900
Tradewinds Apartments1 Bedroom 1 Bath1BR,1BA$1,000
Village on the Green Apartments1 Bedroom1BR,1BA$1,100
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1BA$1,100
Pin Oak Apartments2 Bedroom 1 Bath2BR,1BA$1,100
Hancock Duplex Apartments1919 Randal St2BR,2BA$1,125

Best Value Apartments for Rent in Sheffield, OH and Nearby

As of August 15, 2026 the best value apartment in the Sheffield 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 apartment is the The Regatta - Deluxe Model at Portside Apartments starting at $1,571 with a $1.25 price per square foot in the Larkmoor neighborhood. Here is today’s list of the best values for Sheffield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Preserve at French CreekThe Willow2BR,2BA$1.23
Portside ApartmentsThe Regatta - Deluxe2BR,1BA$1.25
The Cove at Avon LakeNantucket2BR,2BA$1.21
Perch on Lake2BR.2BA.1225SF2BR,2BA$1.27
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1.5BA$0.94
Hancock Duplex Apartments1919 Randal St2BR,2.5BA$1.02
Timber Lakes Apartments2B Ranch2BR,2BA$1.30
Pinegrove Apartments129 David Drive2BR,1BA$1.06
Tradewinds Apartments1 Bedroom 1 Bath1BR,1BA$1.25
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$1.14

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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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
Sheffield, OH

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

Explore Sheffield, OH Rentals by Map

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Frequently Asked Questions about Cheap Sheffield Apartments

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

The lowest price for a Cheap One Bedroom Sheffield Apartment is $810 at Foxes' Lair Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Sheffield is starting from $875 at Rosewood Park Apartments.

What is the most affordable Sheffield Three Bedroom Apartment?

The best deal on a cheap Sheffield Three Bedroom Apartment rental is at Rosewood Park Apartments and starts from $1,175.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.

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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.