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What to Know About
Life in Lorain & Beyond
Lorain 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
Lorain, OH
As of June 2025, Lorain's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lorain's average rent is 21.2% ($273) lower than the Ohio average of $1,288 and 43.1% ($769) lower than the U.S. average of $1,784.
Average Rent
$1,015
Monthly ChangeMonth Over Month Change
1.3% ($13)
Yearly ChangeYear Over Year Change
1.6% ($16)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $837 | 1.2% ($10) | 12% ($90) |
| 2 Beds | $1,004 | 1.1% ($11) | 12.3% ($110) |
| 3 Beds | $1,327 | 0.5% ($6) | 14.2% ($165) |
| Nearby Cities | Average Rent | Avg. Rent vs. LorainAverage Rent vs. Lorain | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Elyria | $1,193 | 17.5% ($178) | 31 days |
| Avon | $2,454 | 141.8% ($1439) | 30 days |
| North Ridgeville | $2,260 | 122.7% ($1245) | 32 days |
| Avon Lake | $2,002 | 97.2% ($987) | 31 days |
| Vermilion | $1,900 | 87.2% ($885) | 41 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lorain Rental Market FAQs
Explore rental prices, market trends, and availability in Lorain, OH.
The average rent in Lorain, OH is $1,015 per month.
Homes in Lorain typically rent for between $600 and $1,725 per month, with an average of $1,015 per month.
In Lorain, the average rent for a 1-bedroom home is $837 per month, for a 2-bedroom home, $1,004 per month, and a 3-bedroom home is $1,327 per month.
The average rent in Lorain is 43.1% ($769) lower than the national average of $1,784 per month.
The average rent in Lorain has increased by 1.3% ($13) in the last month and increased by 1.6% ($16) over the past year.
The rental market in Lorain, OH, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lorain, OH, the average rental stays on the market for approximately 35 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 46 rental properties available in Lorain, OH.
Based on the current averages, a household would need an annual income of $40,160 to comfortably afford a 2-bedroom home in Lorain.
