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 July 2025, Lakewood's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lakewood's average rent is 14.1% ($180) lower than the Ohio average of $1,277 and 38.2% ($678) lower than the U.S. average of $1,775.

Average Rent
$1,097
Monthly ChangeMonth Over Month Change
Decreased0.6% ($7)
Yearly ChangeYear Over Year Change
Increased5.7% ($59)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $981 Increased1.9% ($18) Increased4.3% ($40)
2 Beds $1,199 Increased1.5% ($18) Decreased5.7% ($72)
3 Beds $1,445 Decreased0.4% ($6) Decreased15.6% ($268)
Nearby Cities Average Rent Avg. Rent vs. LakewoodAverage Rent vs. Lakewood Avg. Days on MarketAverage Days on Market
Rocky River $1,661 Increased51.4% ($564) 33 days
Brookpark $992 Decreased9.6% ($105) 34 days
Westlake $1,143 Increased4.2% ($46) 38 days
Cleveland $1,190 Increased8.5% ($93) 37 days
North Olmsted $1,342 Increased22.3% ($245) 34 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 $1,097 per month.
Apartments in Lakewood typically rent for between $687 and $1,879 per month, with an average of $1,097 per month.
In Lakewood, the average rent for a 1-bedroom apartment is $981 per month, for a 2-bedroom apartment, $1,199 per month, and a 3-bedroom apartment is $1,445 per month.
The average rent in Lakewood is 38.2% ($678) lower than the national average of $1,775 per month.
The average rent in Lakewood has decreased by 0.6% ($7) in the last month and increased by 5.7% ($59) 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 45 rental properties available in Lakewood, OH.
Based on the current averages, a household would need an annual income of $47,960 to comfortably afford a 2-bedroom apartment in Lakewood.
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