Cheap Homes for Rent in Elyria, OH from $500 (9 Rentals)

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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

Elyria, OH Local Guide

Cheapest Neighborhoods for Apartments in Elyria, OH

Pricing Updated: 03/24/2025

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$595254

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

Best Value Apartments for Rent in Elyria, OH

As of March 25, 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
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
Arbor Grove LorainStudioStudio ,1BA$1.65

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Frequently Asked Questions about Elyria

What type of rentals are currently available in Elyria?

There are currently 124 Apartments for Rent in Elyria, OH with pricing that ranges from $595 to $2,800. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elyria ranging from $595 to $3,695.

What is the current price range for Rental Homes in Elyria?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elyria ranges from $595 to $3,695 with an average monthly rent of $1,701.

How much are larger Three and Four Bedroom Rentals in Elyria?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elyria range from $850 to $1,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,225. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,250.

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 Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.