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Refrigerator

518 Lake Ave

Elyria, OH 44035 - Lorain County

Apartment

3 beds

1 baths

1,248 sqft

About 518 Lake Ave

Welcome to 518 Lake Ave, presented by Walnut Creek Property Management. We have several units available for lease. For more information and to schedule a showing, please contact us. Refrigerator, Water, Sewer, Trash & Stove (Electric).

RentalSource last checked: June 7, 2026 · 7:34 AM ET

Last updated: January 29, 2026 at 2:23 PM ET

Managed by: Walnut Creek Property Management · (440) 444-9849 · Appfolio

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$1,200
Bedrooms:	3 beds
Bathrooms:	1 baths

Size:	1,248 sqft
Pet Friendly:	No
Listing Status:	Active
ID:	82690593

Property Amenities

• Refrigerator

Additional Details

Apartment for rent in Elyria for $1,200 with 3 beds, 1 bath, 1,248 sqft and located at 518 Lake Ave in Elyria, OH 44035. The rental price of $1,200 is 21.3% ($325) lower than the average rent of $1,525 for a 3 bedroom apartment in Elyria, OH and 9.7% ($106) higher than the average rent of $1,094 for a 3 bedroom apartment in Lorain County. 518 Lake Ave was advertised by Walnut Creek Property Management on December 13, 2025 at 10:50 AM ET, last updated on January 29, 2026 at 2:23 PM ET and last checked today at 7:34 AM ET.

Affordability Calculator

Can I afford to live at 518 Lake Ave?

Bedrooms

3 bedrooms

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$48,000 /year

With your chosen rent-to-income ratio, an annual income of $48,000 is recommended to comfortably afford this 3-bedroom rental priced at $1,200 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$1,200

Rent Affordability Calculator

Interested in 518 Lake Ave?

Find out more about this property & see if it's available now.

Property managed by:

Walnut Creek Property Management
(440) 444-9849

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.

Ask About 518 Lake Ave

518 Lake Ave, Elyria, OH 44035 - Apartment for Rent

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