Cheap Apartments for Rent in Elyria, OH from $400 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Elyria.

Cleveland's Best Affordable Neighborhoods

Learn about Cleveland and the best places to live with original content written by our Cleveland, OH Local Expert Sandy Baker

close
View Me
The Floridian
1 to 2 Bedroom Apartments

The Floridian

127 Fox Hill LnElyria, OH 44035
close
View Me
Southwyck Manor
1 to 2 Bedroom Apartments

Southwyck Manor

1442-1454 W River Rd NElyria, OH 44035
  • Utilities Included
close
View Me
Foxes' Lair Apartments
Studio to 2 Bedroom Apartments

Foxes' Lair Apartments

2280 W River Rd NElyria, OH 44035
  • Utilities Included
close
View Me
Colony
2 Bedroom Apartments

Colony

275 Harrison StElyria, OH 44035
Senior Living
close
View Me
Lorain Studio Suites
Studio Apartments

Lorain Studio Suites

1825 Lorain BlvdElyria, OH 44035
  • Utilities Included
close
View Me
Pikewood Manor
2 to 3 Bedroom Apartments

Pikewood Manor

1780 Lorain BlvdElyria, OH 44035
  • Utilities Included

Elyria, OH Local Guide

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Elyria, OH

Pricing Updated: 03/23/2025

Current apartment rentals in the Elyria, OH area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Elyria Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Elyria$1,250$595368

Cheapest Available Elyria Apartments for Rent

 

The cheapest available apartment rental in Elyria, OH is a 1 Bed unit found at Oakwood Park Apartments in the Black River neighborhood priced from $675. Arbor Grove Lorain in the Larkmoor neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Elyria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oakwood Park Apartments1 Bedroom - Available Soon!1BR,1BA$675
Arbor Grove LorainStudioStudio,1BA$700
249 8th St#12BR,1BA$795
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$900
College Park ApartmentsThree Bedroom 1.5 Bath3BR,1BA$925
Sunset Townhouses2 Bed Townhome2BR,1BA$975
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1BA$975
Hunters Crossing ApartmentsTwo Bedroom with Private Entry2BR,2BA$1,435
Waterford Luxury Apartments & VillasThe Upper Unit2BR,2BA$1,600

Best Value Apartments for Rent in Elyria, OH

As of March 23, 2025 the best value apartment in the Elyria area is the $1.32 price per square foot The Willow Model at The Preserve at French Creek in the in the Bentley Park neighborhood starting from $2,125. The second greatest value Elyria apartment is the The Lower Unit Model at Waterford Luxury Apartments & Villas starting at $1,600 with a $1.28 price per square foot in the Bentley Park neighborhood. Here is today’s list of the best values for Elyria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Preserve at French CreekThe Willow2BR,2BA$1.32
Waterford Luxury Apartments & VillasThe Lower Unit2BR,2BA$1.28
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1.5BA$0.83
Hunters Crossing ApartmentsTwo Bedroom with Private Entry2BR,2BA$1.26
College Park ApartmentsThree Bedroom 1.5 Bath3BR,1.5BA$0.93
Sunset Townhouses3 Bed TH - Renovated3BR,1BA$1.20
249 8th St#21BR,1BA$0.90
38835 Yunker Ct, Unit 038835 Yunker Ct2BR,1BA$0.94
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$1.61
Oakwood Park Apartments1 Bedroom - Available Soon!1BR,1BA$1.23

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Elyria Overview

It may have an unusual name, but once you learn how to pronounce it, chances are high that you'll fall in love with the lifestyle you can have in this small city close to Cleveland. With a unique history and a bright future, Elyria has grown to maturity by preserving the best of its past and retaining some of the character of its founder, who had a vision that included building homes that would be appreciated by early settlers. Today, the city still exists with that goal -- to treat its residents to a life that has a lot to offer on many different levels!

Why live in Elyria, OH?

 The cost of housing is low compared to the rest of the country, with the median home price 54% below the national average at $107,600, and a median rent of $740, 36% below the national average. The overall cost of living is 14% below the national average, and Elyria has a diverse population, a relatively high job availability rate, short commutes, plenty of recreational opportunities, and abundant amenities. 

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elyria, OH Rentals by Map

View MapElyria, OH Apartments MapView MapElyria, OH Rental Homes Map

Getting Around Elyria, OH

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Elyria Apartments

What is a cheap apartment in Elyria?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elyria is under $1,600.

What is the price of a cheap apartment in Elyria?

The cheapest apartment in Elyria is Oakwood Park Apartments which is listed at $675, while the average apartment in Elyria costs $1,250.

What types of apartments are the cheapest in Elyria?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 57 regular apartments in Elyria that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Elyria?

Cheap apartments in Elyria have an average cost of $243 which is $1,007 cheaper than the average rent for all rentals in Elyria.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sandy Baker

Choosing the ideal place to call home in Cleveland may mean selecting a neighborhood that offers excellent access to the freeways or good overall schools for the kids.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.