12000 Edgewater
12000 Edgewater Dr,
Lakewood, OH 44107
1-3 Beds | $1,225 - $2,450
Rental Market Trends in Lakewood, OH
Updated August 2026
The average rent in Lakewood, OH is $1,032/month.
Rent in Lakewood is 38% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$1,032/month
Average Rent
594 Sq Ft
Average Size
+2.1%
Change / Year
389
Available Apartments
Lakewood rent varies by unit size and layout:
- Studio apartments in Lakewood average $817 per month.
- One-bedroom apartments in Lakewood average $1,032 per month.
- Two-bedroom apartments in Lakewood average $1,361 per month.
- Three-bedroom apartments in Lakewood average $1,806 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Lakewood, OH?
In the past year, rent has increased by 2.1%, which averages out to $22 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Lakewood, OH
August 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
7%
Below $700/month
42%
$700 - $1,000/month
43%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
1%
Above $2,000/month
What salary do I need to live comfortably in Lakewood, OH?
Because the average rent in Lakewood is $1,032, you’ll want to make about $3,440 per month or $41,280 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lakewood, OH compare to other nearby cities and neighborhoods?
Use the tool below to compare Lakewood, OH to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Lakewood Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Rocky River
Avg Rent: $1,471/month
-
Fairview Park
Avg Rent: $1,007/month
-
Brooklyn
Avg Rent: $891/month
-
Cleveland
Avg Rent: $1,388/month
-
Brook Park
Avg Rent: $1,006/month
-
Westlake
Avg Rent: $1,536/month
-
Parma Heights
Avg Rent: $986/month
Apartment Communities in Lakewood We Think You'll Love
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Frequently Asked Questions
What is the average rent in Lakewood?
The average rent in Lakewood is $1,032 per month, which is 38.0% lower than the national average of $1,664.
What is the average rent for a house in Lakewood?
The average rent for a house in Lakewood, OH is $2,396 per month.
What is the average rent for a townhome in Lakewood?
The average rent for a townhome in Lakewood, OH is $1,514 per month.
What is the average rent for a condo in Lakewood?
The average rent for a condo in Lakewood, OH is $1,377 per month.
Are rents going up or down in Lakewood?
Rents in Lakewood, OH are increasing, with prices up 2.1% year-over-year and $22 more per month.
What rent range is most common in Lakewood?
In Lakewood, OH, 43% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.