Cheap Apartments for Rent in Sheffield, OH from $500 (26 Rentals)

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

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 Floridian
1 to 2 Bedroom Apartments

The Floridian

127 Fox Hill LnElyria, OH 44035
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Southwyck Manor
1 to 2 Bedroom Apartments

Southwyck Manor

1442-1454 W River Rd NElyria, OH 44035
  • Utilities Included
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Foxes' Lair Apartments
Studio to 2 Bedroom Apartments

Foxes' Lair Apartments

2280 W River Rd NElyria, OH 44035
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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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Knickerbocker Apartments
1 to 2 Bedroom Apartments

Knickerbocker Apartments

370 Irving Park BlvdSheffield Lake, OH 44054
  • Utilities Included
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Avon West
1 Bedroom Apartments

Avon West

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Lorain Studio Suites
Studio Apartments

Lorain Studio Suites

1825 Lorain BlvdElyria, OH 44035
  • Utilities Included
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Windjammer Apartments
2 Bedroom Apartments

Windjammer Apartments

4141 Lake RdSheffield Lake, OH 44054
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Pikewood Manor
2 to 3 Bedroom Apartments

Pikewood Manor

1780 Lorain BlvdElyria, OH 44035
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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 Bartish neighborhood priced from $650. Oakwood Park Apartments in the North Elyria neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Sheffield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The OverlookEfficiencyStudio,1BA$650
Oakwood Park Apartments1 Bedroom - Available Soon!1BR,1BA$675
Arbor Grove LorainStudioStudio,1BA$700
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$900
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1BA$975
Village on the Green Apartments1 Bedroom1BR,1BA$1,010
Tradewinds Apartments2 Bedroon 1 Bath2BR,1BA$1,025
The Perch on Lake ApartmentsMariner - Call for Availability1BR,1BA$1,050
Timber Lakes Apartments2B Townhome2BR,2BA$1,166
Pin Oak Apartments3 Bedroom 2 Bath3BR,2BA$1,200

Best Value Apartments for Rent in Sheffield, OH and Nearby

As of June 14, 2025 the best value apartment in the Sheffield area is the $1.32 price per square foot The Willow Model at The Preserve at French Creek in the in the Bentley Park neighborhood starting from $2,125. The second greatest value Sheffield apartment is the Villa Model at Waterford Luxury Apartments & Villas starting at $2,100 with a $1.31 price per square foot in the Bentley Park 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$1.32
Waterford Luxury Apartments & VillasVilla2BR,2BA$1.31
Hancock Duplex Apartments3 Bed/1.5 Bath3BR,1.5BA$0.84
Portside ApartmentsThe Regatta - Standard2BR,1BA$1.33
Timber Lakes Apartments3B Ranch3BR,2BA$1.12
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1.5BA$0.83
Pin Oak Apartments3 Bedroom 2 Bath3BR,2BA$1.12
Tradewinds Apartments2 Bedroon 1 Bath2BR,1BA$1.08
Village on the Green Apartments2 Bedroom2BR,1.5BA$1.26
Oakwood Park Apartments1 Bedroom - Available Soon!1BR,1BA$1.23

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

Explore Sheffield, OH Rentals by Map

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Getting Around Sheffield, OH

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Sheffield Apartments

What is the Cheapest Studio apartment in Sheffield?

Currently the most affordable Cheap Studio Apartment in Sheffield is at The Overlook listed at $650.

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

The lowest price for a Cheap One Bedroom Sheffield Apartment is $675 at Oakwood Park 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 $745 at Oakwood Park Apartments.

What is the most affordable Sheffield Three Bedroom Apartment?

The best deal on a cheap Sheffield Three Bedroom Apartment rental is at Oakwood Park Apartments and starts from $850.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.