Cheap Apartments for Rent in Lorain, OH from $400 (39 Rentals)

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

property at 555 W 9th St

555 W 9th St

LorainOH44052

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Oberlin Ave Apartments
1 to 2 Bedroom Apartments

Oberlin Ave Apartments

4638-4640 Oberlin AveLorain, OH 44053
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The Oaks
1 to 2 Bedroom Apartments

The Oaks

1400-1516 Herbert DrLorain, OH 44053
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The Willows
Studio to 2 Bedroom Apartments

The Willows

4745 Oberlin AveLorain, OH 44053
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Shorehouse Apartments
2 Bedroom Apartments

Shorehouse Apartments

1102-1140 E Erie AveLorain, OH 44052
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Ventura Apartments
1 to 2 Bedroom Apartments

Ventura Apartments

1814 Cooper Foster Park RdLorain, OH 44053
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Beavercrest Gardens
1 to 3 Bedroom Apartments

Beavercrest Gardens

3849 Beavercrest DrLorain, OH 44053
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Baron Arms Apartments
1 to 3 Bedroom Apartments

Baron Arms Apartments

3830 Beavercrest DrLorain, OH 44053
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Nantucket Apartments
2 Bedroom Apartments

Nantucket Apartments

517-519 S Nantucket DrLorain, OH 44053
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Kingston Square
2 Bedroom Apartments

Kingston Square

1816 Cooper Foster Park RdLorain, OH 44053
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Almadien Village
2 Bedroom Apartments

Almadien Village

2075 E Serenity LnLorain, OH 44053
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Pentamen Arms
1 Bedroom Apartments

Pentamen Arms

1800 Cooper Foster Park RdLorain, OH 44053
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Williamsburg Square
2 Bedroom Apartments

Williamsburg Square

1824 Cooper Foster Park RdLorain, OH 44053
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Foxes' Lair Apartments
Studio to 2 Bedroom Apartments

Foxes' Lair Apartments

2280 W River Rd NElyria, OH 44035
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Lorain Studio Suites
Studio Apartments

Lorain Studio Suites

1825 Lorain BlvdElyria, OH 44035
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Pikewood Manor
2 to 3 Bedroom Apartments

Pikewood Manor

1780 Lorain BlvdElyria, OH 44035
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Windjammer Apartments
2 Bedroom Apartments

Windjammer Apartments

4141 Lake RdSheffield Lake, OH 44054
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Showing Results 1-39, Page 1 of 1

Lorain, OH Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lorain, OH

Pricing Updated: 05/18/2025

Current apartment rentals in the Lorain, 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 Lorain Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Black River$1,050$65021
Larkmoor$1,075$65023
Bartish$1,342$65022

Cheapest Available Lorain Apartments for Rent

 

The cheapest available apartment rental in Lorain, OH is a Studio unit found at The Overlook in the Black River neighborhood priced from $650. Concord Apartments in the Bartish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $665. Here is today’s list of the most affordable Lorain apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The OverlookEfficiencyStudio,1BA$650
Concord Apartments1 Bedroom1BR,1BA$665
Tower Regency & Tower Garden1 Bed 1 Bath1BR,1BA$665
Oakwood Park Apartments1 Bedroom - Available Soon!1BR,1BA$675
Water's Edge Apartments1 Bed1BR,1BA$700
Arbor Grove LorainStudioStudio,1BA$700
Pinecrest ApartmentsTwo Bedroom One Bath2BR,1BA$825
Pinebrook Tower Apartments1BR/1BA1BR,1BA$850
Evergreen Village2 Bedroom 2 Bathroom2BR,2BA$1,095

Best Value Apartments for Rent in Lorain, OH

As of May 19, 2025 the best value apartment in the Lorain 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 Lorain apartment is the The Nautilus Model at Portside Apartments starting at $1,492 with a $1.21 price per square foot in the Larkmoor neighborhood. Here is today’s list of the best values for Lorain apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Preserve at French CreekThe Willow2BR,2BA$1.32
Portside ApartmentsThe Nautilus2BR,2BA$1.21
Pinecrest ApartmentsThree Bedroom Two Bath3BR,2BA$0.83
Hancock Duplex Apartments2 Bed/1.5 Bath2BR,1.5BA$1.02
Sycamore SquareSycamore: 3 Bed 1.5 Bath - Premium3BR,1.5BA$1.30
1208 Tower BlVD, Unit 31208 Tower BlVD1BR,1BA$1.03
Water's Edge Apartments1 Bed1BR,1BA$1.08
Pinebrook Tower Apartments1BR/1BA1BR,1BA$1.33
Oakwood Park Apartments1 Bedroom - Available Soon!1BR,1BA$1.23
Tower Regency & Tower Garden1 Bed 1 Bath1BR,1BA$1.33

Quick Rent Budget Calculator

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Lorain Overview

Lorain, OH sits in the shadow of Cleveland but has its own character. The major factories have moved on, but the lake is still a major source of income and recreation. Inland, you'll find a welcoming town with a remarkable number of green spaces in and around the city limits.

Why live in Lorain, OH?

Despite being located just a short commute from busy and bustling Cleaveland, Lorain maintains a comfortable, small-town feel. The town celebrates it’s multi-national heritage with exciting ethnic restaurants and several international festivals. When it comes to natural beauty, you’ll be hard-pressed to find better than the shores of Lake Erie. This vast stretch of fresh water is a paradise for fishermen, boaters, bird watchers, and other nature enthusiasts. Numerous state parks dot the coastline, giving outdoorsy families plenty to see and do. History buffs may also love this area, from local museums to historical societies to traditional buildings in town.

Best Local Schools in
Lorain, OH

School data provided by Great Schools

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

Explore Lorain, OH Rentals by Map

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See the most popular apartments and homes in Lorain, OH

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Getting Around Lorain, OH

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lorain Apartments

How much is rent for a Cheap One Bedroom Lorain Apartment?

The lowest price for a Cheap One Bedroom Lorain Apartment is $665 at Concord Apartments.

What is the lowest price for a Cheap Two Bedroom Lorain Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lorain is starting from $745 at Oakwood Park Apartments.

What is the most affordable Lorain Three Bedroom Apartment?

The best deal on a cheap Lorain Three Bedroom Apartment rental is at Oakwood Park Apartments and starts from $850.

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.