Downtown Cleveland, Cleveland, OH Rental Market Trends
Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Cleveland is $1,756, a 2.19% increase compared to the previous year, when the average rent was $1,718.
Studio Apartments at $1,059 offer the most budget-friendly option with 470 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 773 square feet for $1,605, balancing privacy and affordability.
Two-beedroom units at $2,118 offer 1,201 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,589 sq ft) for $3,091, suitable for larger households.
Average rent in Downtown Cleveland, Cleveland, OH
Last updated: February 25, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,756 | 905 sq. ft. |
| Studio | $1,059 | 470 sq. ft. |
| 1 Bed | $1,605 | 773 sq. ft. |
| 2 Beds | $2,118 | 1,201 sq. ft. |
| 3 Beds | $3,091 | 1,589 sq. ft. |
Downtown Cleveland, Cleveland, OH rent trends
Rental prices in Downtown Cleveland, Cleveland, OH have increased by 2.19% over the past year. The average rent moved from $1,718 to $1,756.
What's the typical rent budget in Downtown Cleveland, Cleveland, OH?
The largest share of rentals in Downtown Cleveland, Cleveland, OH (39%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Cleveland, Cleveland, OH?
3,775 or 86% of the households in Downtown Cleveland, Cleveland, OH are renter-occupied while 638 or 14% are owner-occupied.
Most affordable neighborhoods in Downtown Cleveland?
Old Brooklyn $903/month
Edgewater $960/month
West Park - Kamm's Corners $961/month
All of these neighborhoods fall below the city wide average of $1,575/month.Most expensive neighborhoods in Downtown Cleveland?
Tremont $2,056/month
Ohio City $2,057/month
University $2,062/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Cleveland, OH By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| University | $2,062 |
| Ohio City | $2,057 |
| Tremont | $2,056 |
| Detroit-Shoreway | $1,979 |
| Downtown Cleveland | $1,756 |
| Goodrich-Kirkland Park | $1,718 |
| Fairfax | $1,602 |
| Hough | $1,454 |
| Riverside | $1,331 |
| Buckeye-Shaker | $1,165 |
| Central Cleveland | $1,155 |
| Euclid-Green | $1,124 |
| Cudell | $1,055 |
| North Collinwood | $1,021 |
| West Park - Kamm's Corners | $961 |
| Edgewater | $960 |
| Old Brooklyn | $903 |
/
/
Cleveland | Rent Comparison by Neighborhood
Rent in Downtown Cleveland is 51% higher than in Buckeye-Shaker
$1,756
Downtown Cleveland rent is the same as Cleveland average
Average Rent
$1,756
$1,165
Buckeye-Shaker rent is 34% lower than Cleveland average
Average Rent
$1,165
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Cleveland apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.