Average Rent in Lakewood, OH

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Current Versus Historical Lakewood, OH Rents

Lakewood rentals average $818 for a 1-bedroom rental to $1,800 for a 3-bedroom rental. The median price of all currently available listings is $988, or roughly $14 per square feet.

For the apartment units and housing in June 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $188 (27.14%) year-over-year from $694 to $882. 1-bedroom rentals prices have decreased by $130 (-14.21%) year-over-year from $915 to $785. 2-bedroom rentals prices have decreased by $263 (-18.97%) year-over-year from $1,388 to $1,125. 3-bedroom rentals prices have increased by $223 (14.16%) year-over-year from $1,577 to $1,800. 4-bedroom rentals prices have decreased by $239 (-12.31%) year-over-year from $1,938 to $1,699. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 8.90% this month. 2-bedroom rents have gone down by 8.15% this month. 3-bedroom rents have gone up by 1.89% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$14.49	$785	$915 (-14.21%)	$892 (-11.96%)
2 BR	$16.70	$1,125	$1,388 (-18.97%)	$1,216 (-7.48%)
3 BR	N/A	$1,800	$1,577 (14.16%)	$1,423 (26.46%)

Historical Rents in Lakewood, OH

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lakewood

There are a total of 1 cities nearby Lakewood. The average rent in Lakewood is currently $1,095 per month. Our records show that Cleveland, OH, with an average rent of $1,095, is the most affordable city nearby. In contrast, the most expensive city near Lakewood, OH is Cleveland, OH. Monthly rents here are on average $1,095 per month.

Let's compare Lakewood, OH's rent against other top cities nearby by bedroom size. One bedrooms are about 13.15% more affordable. Two bedrooms in Lakewood, OH are about 23.02% more expensive. Finally, rent for three bedrooms are about 27.78% more expensive. Want more information? Check out the top 1 cities near Lakewood, OH in the following table.

City	Studio	1 Bed	2 Bed	All
Cleveland, OH	$973	$925	$1,000	$1,095

Top Neighborhoods Near Lakewood

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Lakewood

There are a total of 1 counties located by Lakewood, OH. One county in the area is Cleveland, OH. The average rent for rentals in these counties is $1,095. That's roughly around $14 per sqft. The county that is the most affordable is Cleveland, OH. Its average rent per month is $1,095. Vice versa, with an average rent of $1,095, Cleveland, OH is the most expensive county by Lakewood, OH.

In comparison, rent for one bedroom listings in Lakewood, OH is 13.15% more affordable than other counties nearby. Finally, rent for two bedrooms in Lakewood, OH is 23.02% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Cleveland, OH	$973	$925	$1,000	$1,095

Top Zipcodes Near Lakewood

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Lakewood Average Rents

What is the average rent price in Lakewood, OH?

The average monthly rental price for Lakewood, OH apartments for rent is approximately $988. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Lakewood, OH rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Lakewood, OH.

How much is a one bedroom apartment in Lakewood, OH?

The average monthly rental price for one bedroom apartments is $818 and an average price per square feet of $14.49. There are a total of 4 one bedroom apartment listings currently available for rent in Lakewood.

How much is a two bedroom apartment in Lakewood, OH?

The average monthly rental price for two bedroom apartments is $1,299 and an average price per square feet of $16.70. There are a total of 3 two bedroom apartment listings currently available for rent in Lakewood.

How have rent prices in Lakewood, OH changed this year?

Rent prices for rentals in Lakewood, OH can fluctuate yearly. Specifically, studio rental prices have changed by 0.27%, one bedroom rental prices have changed by -0.14%, two bedroom rental prices have changed by -0.19%, three bedroom rental prices have changed by 0.14% year-over-year.

What is a reasonable rent price in Lakewood, OH?

A reasonable rent price in Lakewood, OH is around $790/month. You can search for these reasonably priced rental listings on RentHop.