Last updated
Average Rent in Parma, OH & Rent Trends
Rent prices and market trends across 7 apartment communities in Parma, OH. Updated daily.
Market Average
$1,422/mo
▼ 1.5% from last month
Lowest Available
$840/mo
cheapest unit on market
Communities
7
tracked daily
Units Listed
40
available now
Price Cuts This Week in Parma, OH
6 listed units across 3 buildings in Parma, OH dropped their asking rent in the past 7 days, an average cut of $52/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Hummingbird Pointe & The Gardens | Unit 5 | $1,297 | $1,197 | $100 |
| Hummingbird Pointe & The Gardens | Unit 8 | $1,289 | $1,194 | $95 |
| Ridgewood House Apartments | Unit 1 | $1,054 | $1,014 | $40 |
| Terraces at Northridge | Unit 001-115 | $1,590 | $1,565 | $25 |
| Terraces at Northridge | Unit 005-415 | $1,560 | $1,535 | $25 |
| Terraces at Northridge | Unit 011-509 | $1,560 | $1,535 | $25 |
Rent by Neighborhood in Parma, OH
Compare average rent across Parma, OH neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Downtown | $1,795 | ▲ $69 | $1,535 | 2 | 10 |
| Parma Heights 44130 | $1,441 | ▼ $72 | $840 | 3 | 15 |
| Parma 44129 | $1,158 | ▼ $70 | $918 | 1 | 13 |
| Parma 44134 | $1,122 | ▲ $8 | $1,014 | 1 | 2 |
Is Rent Going Up or Down in Parma, OH?
As of August 2026, the average rent in Parma, OH is $1,422 per month across 7 apartment communities and 40 available units. Rents have decreased $24 (1.5%) over the past month.
The most affordable option is Independence Place Apartments: A 55 and Better Community starting at $840/mo. By unit type, a studio averages $840/mo, a 1-bedroom averages $1,210/mo, a 2-bedroom averages $1,552/mo, a 3-bedroom averages $2,515/mo.
Prices range from $840 to $2,515 per month. The most common price point is the $800 range, where 9 units are currently listed.
Parma, OH Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,491 | - | 5 |
| July 2026 | $1,527 | +$36 | 7 |
| August 2026 | $1,503 | -$24 | 7 |
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 Parma, OH
Rent Prices by Apartment in Parma, OH
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Independence Place Apartments: A 55 and Better Community | $840/mo | $955/mo | 7 | 4.5 |
| Hummingbird Pointe & The Gardens | $918/mo | $1,158/mo | 13 | 3.6 |
| Ridgewood House Apartments | $1,014/mo | $1,122/mo | 2 | 4.5 |
| Woodbury Commons | $1,404/mo | $1,532/mo | 4 | 4.2 |
| Terraces at Northridge | $1,535/mo | $1,748/mo | 8 | 4.5 |
| The Villas at Brookview | $1,795/mo | $1,985/mo | 2 | 3.5 |
| The Villas at Maplewood | $1,850/mo | $2,203/mo | 4 | 5 |
Frequently Asked Questions About Rent in Parma, OH
What is the average rent in Parma, OH?
Is rent going up or down in Parma, OH?
What is the cheapest apartment in Parma, OH?
How much is a 1-bedroom apartment in Parma, OH?
How many apartments are available in Parma, OH?
What salary do I need to live comfortably in Parma, 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
$57,000/year
Based on the 30 percent rule, using our tracked average rent of $1,422/mo.
Comfortable income
$68,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($840/mo), you need to earn at least $34,000/year.
Median household income in Parma, OH is $67,425 , about 1% below the comfortable-living threshold.
Cost of living in Parma, OH
Overall prices in Parma, 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 Parma, OH's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,422 |
| Utilities | $336 |
| Groceries | $508 |
| Transportation | $802 |
| Healthcare | $391 |
| Other goods and services | $626 |
| Estimated total | $4,086/mo |
Population
80,131
Median household income
$67,425
Census median rent
$1,053/mo
Rent as % of income
26.9%
Median age
43.2
Mean commute
24 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 Parma, OH Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Parma, OH Apartments
Browse all 7 communities with daily-updated pricing and availability.