Rentometer, Inc. | Data as of 10/23/2025
Lakewood, Ohio, offers a vibrant blend of suburban charm and easy access to downtown Cleveland, making it a soughtâafter destination for renters who value both convenience and community. With its treeâlined streets, wellâmaintained parks, and a walkable downtown corridor packed with boutique shops, cafes, and cultural venues, Lakewood delivers a lifestyle that balances relaxation with urban energy. Residents appreciate the close proximity to Lake Erieâs shoreline, lively lakefront festivals, and the cityâs excellent publicâtransit connections, which simplify daily commutes and weekend getaways alike.
The rental market in Lakewood is diverse, featuring a healthy mix of modern apartments and spacious singleâfamily homes. Prospective renters can find studio apartments in the $900 range, while oneâbedroom units typically sit in the $1,000 range and twoâbedroom apartments hover around $1,400. Larger threeâbedroom apartments often reach the $1,800 bracket. For those seeking a house, oneâbedroom homes are comparable to the $1,000 range, twoâbedroom houses trend near $1,500, and threeâbedroom homes commonly fall within the $2,000 range. Premium fourâplus bedroom houses are available in the $2,500 range, catering to larger families or those desiring extra space. This variety ensures that Lakewoodâs rental options align with a wide spectrum of budgets and lifestyle preferences.
Neighborhoods such as the historic West Boulevard and the bustling 25th Street district are especially popular, offering easy access to dining, entertainment, and local schools renowned for their academic excellence. Nearby attractions like Madison Park, the Lakewood Cultural Center, and the scenic Lake Erie shoreline add to the areaâs appeal, while convenient bike lanes and walking paths promote an active, outdoorâoriented way of life. Whether youâre a young professional, a growing family, or anyone in between, Lakewoodâs welcoming atmosphere and robust rental choices make it an attractive place to call home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $943 | $850 | $640 - $1,465 | $770 - $1,130 |
| Apartment | 1 Bedroom | $1,081 | $1,050 | $725 - $1,455 | $930 - $1,200 |
| Apartment | 2 Bedroom | $1,480 | $1,400 | $950 - $2,935 | $1,195 - $1,680 |
| Apartment | 3 Bedroom | $1,836 | $1,700 | $1,195 - $3,705 | $1,350 - $2,030 |
| House | 1 Bedroom | $1,069 | $1,200 | $750 - $1,295 | $900 - $1,200 |
| House | 2 Bedroom | $1,540 | $1,500 | $1,000 - $3,000 | $1,300 - $1,675 |
| House | 3 Bedroom | $2,012 | $2,000 | $1,100 - $2,850 | $1,750 - $2,300 |
| House | 4+ Bedroom | $2,740 | $2,547 | $1,550 - $6,500 | $2,100 - $2,995 |
In the current period, the average rent in Lakewood was $944 for Studio, $1,081 for 1 Bedroom, $1,513 for 2 Bedroom, $1,982 for 3 Bedroom, and $2,662 for 4+ Bedroom.
Data provided by Rentometer, Inc.