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 May 2025, Lorain's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lorain's average rent is 24.0% ($317) lower than the Ohio average of $1,319 and 44.1% ($791) lower than the U.S. average of $1,793.

Average Rent

$1,002

Monthly ChangeMonth Over Month Change

0.7% ($7)

Yearly ChangeYear Over Year Change

5.7% ($61)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$847	0.5% ($4)	14.5% ($107)
2 Beds	$993	0.7% ($7)	12.1% ($107)
3 Beds	$1,333	3.3% ($42)	15.5% ($179)

Nearby Cities	Average Rent	Avg. Rent vs. LorainAverage Rent vs. Lorain	Avg. Days on MarketAverage Days on Market
Elyria	$1,090	8.8% ($88)	31 days
Avon	$2,423	141.8% ($1421)	30 days
North Ridgeville	$2,260	125.5% ($1258)	32 days
Avon Lake	$1,847	84.3% ($845)	31 days
Vermilion	$1,900	89.6% ($898)	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.

What is the average rent in Lorain, OH?

The average rent in Lorain, OH is $1,002 per month.

What is the rental price range for homes in Lorain, OH?

Homes in Lorain typically rent for between $600 and $1,733 per month, with an average of $1,002 per month.

What is the average rent for different bedroom sizes in Lorain, OH?

In Lorain, the average rent for a 1-bedroom home is $847 per month, for a 2-bedroom home, $993 per month, and a 3-bedroom home is $1,333 per month.

How do rent prices in Lorain, OH compare with the national average?

The average rent in Lorain is 44.1% ($791) lower than the national average of $1,793 per month.

How have rent prices in Lorain, OH changed recently?

The average rent in Lorain has decreased by 0.7% ($7) in the last month and decreased by 5.7% ($61) over the past year.

How competitive is the rental market in Lorain, OH?

The rental market in Lorain, OH, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Lorain, OH?

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.

How many rental properties are available in Lorain, OH?

There are currently 47 rental properties available in Lorain, OH.

Can I afford to rent a home in Lorain, OH?

Based on the current averages, a household would need an annual income of $39,720 to comfortably afford a 2-bedroom home in Lorain.