Median rent
for residential apartments
in Lorain, OH
as of May, 2023.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
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15 Lorain, OH, USA apartments for rent
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$865 - 3 Bedroom 1 Bathroom House In Lorain With Great Amenities
515 W 27th St
3
Bed
1
Bath
1,296
Sq Ft
3 bed 2 bath Single Family FOR RENT!
3933 Courtyard Dr, Unit 3933 Courtyard Dr
3
Bed
2
Bath
1,852
Sq Ft
Home For Rent In Lorain, Ohio
New Bethel Primitive Baptist Church, West 9th Street, Lorain, OH 44052, USA
3
Bed
2
Bath
2,924
Sq Ft
Rented
Flat For Rent In Lorain, Ohio
1552 Reid Avenue, Lorain, OH 44052, USA
1
Bed
1
Bath
1,000
Sq Ft
Lorain
Lorain, OH has a population of 63,731, while the median age is 38. The household income in Lorain, OH is around $36,139. The homeownership rate among the residents is 57%. The median residential property value in Lorain, OH that you should keep in mind is $84,300.
| Population | 63,731 |
| Median Age | 37.6 |
| Poverty Rate | 25% |
| Household Income | $36,139 |
| Number Of Employees | 25,819 |
| Median Property Value | $84,300 |
Housing Trends
Average apartment rent in Lorain:
$1,215 (+43.2%)
Rent Price |
May | vs Last Month |
|---|---|---|
| 1-bed apartments | $937 | +26.5% |
| 2-bed apartments | $1,111 | +31.8% |
| 3-bed apartments | $1,650 | N/A |
Over the May 2023, the average rent for an apartment in/near Lorain, OH increased by 43.2% to $1,215.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 26.5% to $937. Pricing for 2-bed apartment also increased by 31.8% and a place of this size will now cost you $1,111. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $1,650. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $1,295 for a big-family home.
Rent Type Price |
May | vs Last Month |
|---|---|---|
| Apartments for rent | $937 | +19.4% |
| Houses for rent | $1,083 | -16.4% |
| Townhouses for rent | $2,300 | N/A |
The median rent for an apartment in Lorain, OH increased by 19.4% to $937. Statistics show that house rent price decreased by 16.4% this month making it up to $1,083. Townhouse rent pricing didn’t change, the price still starts at $2,300.
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