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Rental Market Trends in Mentor, OH

What is the average rent in Mentor, OH?

$1,035/month

Average Rent

713 Sq Ft

Average Apartment Size

+1.5%

Increase in the Last Year

Mentor, OH Rental Market Overview

The average rent in Mentor, OH is $1,035 per month. This is 37% lower than the national average rent of $1,644/month, making renting in Mentor more affordable than most cities in the US.

  • Studio apartments in Mentor average $792 per month.
  • One-bedroom apartments in Mentor average $1,035 per month.
  • Two-bedroom apartments in Mentor average $1,273 per month.
  • Three-bedroom apartments in Mentor average $1,240 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$792/month
485 Sq Ft
One Bedroom
$1,035/month
713 Sq Ft
Two Bedroom
$1,273/month
973 Sq Ft
Three Bedroom
$1,240/month
1,157 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,810/month
232 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 1.5%, which averages out to $16 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 June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Mentor, OH
Last Updated June 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

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

Because the average rent in Mentor is $1,035, you’ll want to make about $3,450 per month or $41,400 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

239 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

Nearby City Rent Trends

  • Willoughby Average Rent
  • Eastlake Average Rent

Apartment communities in Mentor we think you'll love

Tamarac Apartments

Tamarac Apartments

38360 Tamarac Blvd,
Willoughby, OH 44094

$1,415 - $1,840

1-2 Beds

Normandy Manor Apartments

Normandy Manor Apartments

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

$1,085 - $1,190

1-2 Beds

The Residences At Chagrin River Walk

The Residences At Chagrin River Walk

38401 Mentor Ave,
Willoughby, OH 44094

$1,409 - $2,477

Studio - 2 Beds

Queensdale Apartments

Queensdale Apartments

7191 Mentor Ave,
Mentor, OH 44060

$1,100 - $1,550

2-3 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 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.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity