Homes & Apartments for Rent in Lakewood, OH

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What to Know About

Life in Lakewood & Beyond

Lakewood shares many of the great qualities that make Ohio a desirable place to live.

Ohio has rolling hills, scenic countryside, and friendly people. Immerse yourself in Ohio's cultural heritage by visiting iconic sites like the Rock and Roll Hall of Fame, the Cincinnati Museum Center, and the National Museum of the United States Air Force. Ohio is also home to renowned universities like Ohio State University and the University of Cincinnati, where you can take your knowledge further. In addition, the economy of Ohio is thriving with solid manufacturing, finance, and healthcare industries.

It's also a paradise for outdoor enthusiasts with its picturesque parks and recreational areas, such as the Hocking Hills, the Cuyahoga Valley National Park, and the Great Lakes. Ohio is also home to several sports teams, including the Cleveland Browns (NFL), Cincinnati Bengals (NFL), Cleveland Indians (MLB), Cincinnati Reds (MLB), and Cleveland Cavaliers (NBA). In addition, discover iconic attractions like the Pro Football Hall of Fame, the Rock and Roll Hall of Fame, Columbus Zoo, and Cincinnati Zoo.

Whether you are looking for a bustling city or quiet countryside, Ohio has something for everyone, making it a great place to live.

Rental Market Trends

Lakewood, OH

As of April 2026, Lakewood's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lakewood's average rent is 13.7% ($182) lower than the Ohio average of $1,325 and 36.1% ($645) lower than the U.S. average of $1,788.

Average Rent
$1,143
Monthly ChangeMonth Over Month Change
Decreased2% ($23)
Yearly ChangeYear Over Year Change
Decreased2.9% ($34)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,003 Decreased2.3% ($24) Increased1.8% ($18)
2 Beds $1,312 Increased0.3% ($4) Increased2.3% ($30)
3 Beds $1,615 Decreased7.4% ($130) Increased14.5% ($204)
Nearby Cities Average Rent Avg. Rent vs. LakewoodAverage Rent vs. Lakewood Avg. Days on MarketAverage Days on Market
Rocky River $1,047 Decreased8.4% ($96) 33 days
Brookpark $1,012 Decreased11.5% ($131) 34 days
Westlake $1,048 Decreased8.3% ($95) 38 days
Cleveland $1,165 Increased1.9% ($22) 37 days
Berea $1,029 Decreased10% ($114) 32 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lakewood Rental Market FAQs

Explore rental prices, market trends, and availability in Lakewood, OH.

The average rent in Lakewood, OH is $1,143 per month.
Homes in Lakewood typically rent for between $702 and $2,100 per month, with an average of $1,143 per month.
In Lakewood, the average rent for a 1-bedroom home is $1,003 per month, for a 2-bedroom home, $1,312 per month, and a 3-bedroom home is $1,615 per month.
The average rent in Lakewood is 36.1% ($645) lower than the national average of $1,788 per month.
The average rent in Lakewood has decreased by 2.0% ($23) in the last month and decreased by 2.9% ($34) over the past year.
The rental market in Lakewood, OH, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lakewood, OH, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 39 rental properties available in Lakewood, OH.
Based on the current averages, a household would need an annual income of $52,480 to comfortably afford a 2-bedroom home in Lakewood.
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