Last updated
Average Rent in Lorain, OH & Rent Trends
Rent prices and market trends across 2 apartment communities in Lorain, OH. Updated daily.
Market Average
$1,974/mo
Lowest Available
$1,634/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
2
available now
Rent Watch: cuts and increases
Open Rent Watch →See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.
Rent by Neighborhood in Lorain, OH
Compare average rent across Lorain, OH neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Shawville Station | $2,313 | ▼ $47 | $2,313 | 1 | 1 |
| Elyria 44035 | $1,634 | ▼ $10 | $1,634 | 1 | 1 |
Is Rent Going Up or Down in Lorain, OH?
As of October 2026, the average rent in Lorain, OH is $1,974 per month across 2 apartment communities and 2 available units.
The most affordable option is Redwood Elyria starting at $1,634/mo. By unit type, a 2-bedroom averages $1,974/mo.
Prices range from $1,634 to $2,313 per month. The most common price point is the $1,600 range, where 1 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Lorain, OH
Rent Prices by Apartment in Lorain, OH
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Redwood Elyria | $1,634/mo | $1,634/mo | 1 | 4.7 |
| Redwood North Ridgeville Meadow Lakes Blvd | $2,313/mo | $2,313/mo | 1 | 4.8 |
Frequently Asked Questions About Rent in Lorain, OH
What is the average rent in Lorain, OH?
Is rent going up or down in Lorain, OH?
What is the cheapest apartment in Lorain, OH?
How many apartments are available in Lorain, OH?
What salary do I need to live comfortably in Lorain, 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
$79,000/year
Based on the 30 percent rule, using our tracked average rent of $1,974/mo.
Comfortable income
$95,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,634/mo), you need to earn at least $65,000/year.
Median household income in Lorain, OH is $45,799 , about 52% below the comfortable-living threshold.
Cost of living in Lorain, OH
Overall prices in Lorain, 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 Lorain, OH's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,974 |
| Utilities | $336 |
| Groceries | $508 |
| Transportation | $802 |
| Healthcare | $391 |
| Other goods and services | $626 |
| Estimated total | $4,638/mo |
Population
65,207
Median household income
$45,799
Census median rent
$839/mo
Census rent burden
31.4%
Median age
39.3
Mean commute
25 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 Lorain, OH Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Lorain, OH Apartments
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