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Rental Market Trends in Lorain, OH

What is the average rent in Lorain, OH?

$670/month

Average Rent

554 Sq Ft

Average Apartment Size

+3.2%

Increase in the Last Year

As of March 2026, the average rent in Lorain, OH is $670 per month. This is 59% lower than the national average rent of $1,627/month, making renting in Lorain more affordable than most cities in the US. When you rent an apartment in Lorain, you can expect to pay about $706 per month for a studio, $670 for a one-bedroom apartment, and around $861 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,054 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$706/month
465 Sq Ft
One Bedroom
$670/month
554 Sq Ft
Two Bedroom
$861/month
738 Sq Ft
Three Bedroom
$1,054/month
860 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,370/month
1,188 Sq Ft
Four Bedroom
$1,573/month
1,075 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,231/month
941 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Lorain, OH?

In the past year, rent has increased by 3.2%, which averages out to $22 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Lorain, OH
Last Updated March 2026
Below $701
Most rental prices fall within this range
Rent Ranges in Lorain, OH
Percentage*
Rent Range
50% Below $700/month
40% $700 - $1,000/month
10% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Lorain, OH?

Because the average rent in Lorain is $670, you’ll want to make about $2,233 per month or $26,796 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.

City

Lorain, OH

147 Available Apartments for Rent

Search for Nearby Apartments

How does Lorain, OH compare to other nearby cities and neighborhoods?

Use the tool below to compare Lorain, 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.

Apartment Averages

Nearby City Rent Trends

  • Amherst Average Rent
  • Elyria Average Rent
  • Vermilion Average Rent
  • Avon Average Rent
  • Avon Lake Average Rent
  • North Ridgeville Average Rent

Apartment communities in Lorain we think you'll love

Portside Apartments

Portside Apartments

100 Mariners Cir,
Sheffield Lake, OH 44054

$999 - $2,779

2 Beds

Tower Regency & Tower Garden

Tower Regency & Tower Garden

1027 Tower Blvd,
Lorain, OH 44052

$735 - $975

1-2 Beds

Lorain Pointe Senior Apartments

Lorain Pointe Senior Apartments

5401 North Pointe Pky,
Lorain, OH 44053

$1,685 - $1,700

1-2 Beds

Pinebrook Tower Apartments

Pinebrook Tower Apartments

1235-1331 Shaffer Dr,
Lorain, OH 44053

$850 - $1,300

1-2 Beds

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United States Ohio Lorain Rental Trends

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 February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity