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Rental Market Trends in Mentor, OH

What is the average rent in Mentor, OH?

$1,037/month

Average Rent

712 Sq Ft

Average Apartment Size

+2.2%

Increase in the Last Year

As of January 2026, the average rent in Mentor, OH is $1,037 per month. This is 36% lower than the national average rent of $1,625/month, making renting in Mentor more affordable than most cities in the US. When you rent an apartment in Mentor, you can expect to pay about $787 per month for a studio, $1,037 for a one-bedroom apartment, and around $1,253 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,232 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$787/month
485 Sq Ft
One Bedroom
$1,037/month
712 Sq Ft
Two Bedroom
$1,253/month
973 Sq Ft
Three Bedroom
$1,232/month
1,157 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,990/month
461 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Mentor, OH?

In the past year, rent has increased by 2.2%, which averages out to $23 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 January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Mentor, OH
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Mentor, OH
Percentage*
Rent Range
0% Below $700/month
7% $700 - $1,000/month
87% $1,001 - $1,500/month
7% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Mentor?

Based on current rent prices, Northeast Cleveland is the most affordable neighborhood in Mentor.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Northeast Cleveland
$1,350/month
687 Sq Ft

What are the most expensive neighborhoods in Mentor?

Based on current rent prices, Northeast Cleveland is the most expensive neighborhood in Mentor.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Northeast Cleveland
$1,350/month
687 Sq Ft

Which Mentor neighborhoods have the most rentals available?

The neighborhood in Mentor with the most apartments available is Northeast Cleveland .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Northeast Cleveland
$1,350/month
687 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Mentor is $1,037, you’ll want to make about $3,456 per month or $41,472 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

Mentor, OH

314 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Mentor, 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.

Explore the Area Guide for Mentor, OH

Apartment Averages

Northeast Cleveland

Mentor, OH

Northeast Cleveland

Mentor, OH

Studio
$1,107/month
$1,107/month
One Bedroom
$1,072/month
$1,072/month
Two Bedroom
$1,304/month
$1,304/month
Three Bedroom
$1,545/month
$1,545/month
Search
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Nearby City Rent Trends

  • Willoughby Average Rent
  • Painesville Average Rent
  • Eastlake Average Rent

Apartment communities in Mentor we think you'll love

Tamarac Apartments

Tamarac Apartments

38360 Tamarac Blvd,
Willoughby, OH 44094

$1,320 - $1,800

1-2 Beds

Normandy Manor Apartments

Normandy Manor Apartments

5782 Andrews Rd,
Mentor-on-the-Lake, OH 44060

$930 - $1,125

1-2 Beds

The Residences At Chagrin River Walk

The Residences At Chagrin River Walk

38401 Mentor Ave,
Willoughby, OH 44094

$1,365 - $2,413

Studio - 2 Beds

Chagrin Riverwalk Phase III

Chagrin Riverwalk Phase III

38501 Mentor Ave,
Willoughby, OH 44094

$1,257 - $2,104

1-2 Beds

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United States Ohio Mentor 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity