Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
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 June 2026, Lakewood's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lakewood's average rent is 6.2% ($80) lower than the Ohio average of $1,296 and 32.3% ($581) lower than the U.S. average of $1,797.
Average Rent
$1,216
Monthly ChangeMonth Over Month Change
4.1% ($48)
Yearly ChangeYear Over Year Change
10.1% ($112)
Avg. Days on MarketAverage Days on Market
29
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,123 | 4.1% ($44) | 16.6% ($160) |
| 2 Beds | $1,299 | 2.8% ($38) | 10% ($118) |
| 3 Beds | $1,636 | 7.6% ($116) | 12.7% ($185) |
| Nearby Cities | Average Rent | Avg. Rent vs. LakewoodAverage Rent vs. Lakewood | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Rocky River | $1,019 | 16.2% ($197) | 33 days |
| Brookpark | $1,038 | 14.6% ($178) | 34 days |
| Westlake | $1,107 | 9% ($109) | 38 days |
| Cleveland | $1,203 | 1.1% ($13) | 37 days |
| North Olmsted | $1,247 | 2.5% ($31) | 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 $1,216 per month.
Apartments in Lakewood typically rent for between $786 and $2,127 per month, with an average of $1,216 per month.
In Lakewood, the average rent for a 1-bedroom apartment is $1,123 per month, for a 2-bedroom apartment, $1,299 per month, and a 3-bedroom apartment is $1,636 per month.
The average rent in Lakewood is 32.3% ($581) lower than the national average of $1,797 per month.
The average rent in Lakewood has increased by 4.1% ($48) in the last month and increased by 10.1% ($112) 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 40 rental properties available in Lakewood, OH.
Based on the current averages, a household would need an annual income of $51,960 to comfortably afford a 2-bedroom apartment in Lakewood.
