Last updated
Average Rent in Lakewood, OH & Rent Trends
Rent prices and market trends across 6 apartment communities in Lakewood, OH. Updated daily.
Market Average
$2,059/mo
▲ +12.5% from last month
Lowest Available
$995/mo
cheapest unit on market
Communities
6
tracked daily
Units Listed
63
available now
Price Cuts This Week in Lakewood, OH
5 listed units across 1 building in Lakewood, OH dropped their asking rent in the past 7 days, an average cut of $261/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| The Edison at Gordon Square | Unit 12 | $3,551 | $2,829 | $722 |
| The Edison at Gordon Square | Unit 11 | $2,829 | $2,639 | $190 |
| The Edison at Gordon Square | Unit 7 | $2,195 | $2,029 | $166 |
| The Edison at Gordon Square | Unit 9 | $2,199 | $2,063 | $136 |
| The Edison at Gordon Square | Unit 10 | $2,292 | $2,199 | $93 |
Rent by Neighborhood in Lakewood, OH
Compare average rent across Lakewood, OH neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Ohio City | $2,331 | - | $1,299 | 1 | 22 |
| Stockyards | $1,968 | ▲ $241 | $995 | 4 | 35 |
| Rocky River 44116 | $1,593 | ▼ $4 | $1,389 | 1 | 6 |
Is Rent Going Up or Down in Lakewood, OH?
As of September 2026, the average rent in Lakewood, OH is $2,059 per month across 6 apartment communities and 63 available units. Rents have increased $228 (12.5%) over the past month.
The most affordable option is The Brick Lofts at Historic West Tech High starting at $995/mo. By unit type, a studio averages $1,475/mo, a 1-bedroom averages $1,607/mo, a 2-bedroom averages $2,369/mo, a 3-bedroom averages $3,117/mo.
Prices range from $995 to $3,605 per month. The most common price point is the $1,600 range, where 15 units are currently listed.
Lakewood, OH Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,719 | - | 5 |
| July 2026 | $1,718 | -$1 | 6 |
| August 2026 | $1,830 | +$112 | 6 |
| September 2026 | $1,875 | +$45 | 6 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Lakewood, OH
Rent Prices by Apartment in Lakewood, OH
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Brick Lofts at Historic West Tech High | $995/mo | $1,243/mo | 9 | 3.5 |
| Church + State Apartments | $1,299/mo | $2,331/mo | 22 | 4.8 |
| Linden House Apartments | $1,389/mo | $1,593/mo | 6 | 4.7 |
| Station 73 at Battery Park | $1,415/mo | $2,362/mo | 12 | 4 |
| The Edison at Gordon Square | $1,458/mo | $2,143/mo | 13 | 3.7 |
| Breakwater Lofts | $1,499/mo | $1,499/mo | 1 | 5 |
Frequently Asked Questions About Rent in Lakewood, OH
What is the average rent in Lakewood, OH?
Is rent going up or down in Lakewood, OH?
What is the cheapest apartment in Lakewood, OH?
How much is a 1-bedroom apartment in Lakewood, OH?
How many apartments are available in Lakewood, OH?
What salary do I need to live comfortably in Lakewood, OH?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$82,000/year
Based on the 30 percent rule, using our tracked average rent of $2,059/mo.
Comfortable income
$99,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($995/mo), you need to earn at least $40,000/year.
Median household income in Lakewood, OH is $65,925 , about 33% below the comfortable-living threshold.
Cost of living in Lakewood, OH
Overall prices in Lakewood, OH runs below the national average by about 7% (BEA Regional Price Parity index 92.9, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Lakewood, OH's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,059 |
| Utilities | $336 |
| Groceries | $508 |
| Transportation | $802 |
| Healthcare | $391 |
| Other goods and services | $626 |
| Estimated total | $4,723/mo |
Population
50,229
Median household income
$65,925
Census median rent
$1,013/mo
Census rent burden
25.0%
Median age
34.7
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Lakewood, OH Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Lakewood, OH Apartments
Browse all 6 communities with daily-updated pricing and availability.