Cheap Homes for Rent in Lorain, OH from $600 (6 Rentals)

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

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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Lorain, OH Local Guide

Cheapest Neighborhoods for Apartments in Lorain, OH

Pricing Updated: 05/15/2025

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$65019
Larkmoor$1,125$65020
Bartish$1,342$65021

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

Best Value Apartments for Rent in Lorain, OH

As of May 15, 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 Windjammer Model at Portside Apartments starting at $1,539 with a $1.20 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 Windjammer2BR,2BA$1.20
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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Frequently Asked Questions about Lorain

What type of rentals are currently available in Lorain?

There are currently 259 Apartments for Rent in Lorain, OH with pricing that ranges from $650 to $4,990. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lorain ranging from $699 to $4,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lorain ranges from $699 to $4,000 with an average monthly rent of $1,412.

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.