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Rental Market Trends in Mentor On The Lake, OH

What is the average rent in Mentor On The Lake, OH?

$1,012/month

Average Rent

765 Sq Ft

Average Apartment Size

+3.9%

Increase in the Last Year

As of July 2025, the average rent in Mentor On The Lake, OH is $1,012 per month. This is 38% lower than the national average rent of $1,637/month, making renting in Mentor On The Lake more affordable than most cities in the US. When you rent an apartment in Mentor On The Lake, you can expect to pay about per month for a studio, $1,012 for a one-bedroom apartment, and around $1,123 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,012/month
765 Sq Ft
Two Bedroom
$1,123/month
932 Sq Ft
Floor Plan Type
Average Rent
Average 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 On The Lake, OH?

In the past year, rent has increased by 3.9%, which averages out to $40 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 July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Mentor On The Lake, OH
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Mentor On The Lake, OH
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
100% $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 Mentor On The Lake, OH?

Because the average rent in Mentor On The Lake is $1,012, you’ll want to make about $3,373 per month or $40,476 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 On The Lake, OH

43 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Mentor On The Lake, 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 On The Lake, OH

Apartment Averages

Nearby City Rent Trends

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

Apartment communities in Mentor On The Lake we think you'll love

Normandy Manor Apartments

Normandy Manor Apartments

5782 Andrews Rd,
Mentor On The Lake, OH 44060

1-2 Beds | $975 - $1,125

Reserve at Lake Pointe

Reserve at Lake Pointe

5980 Marine Parkway Dr,
Mentor, OH 44060

1-2 Beds | $1,144 - $1,194

Lakeway Woods Apartments

Lakeway Woods Apartments

5840 Buckeye Ln,
Mentor, OH 44060

1-3 Beds | $925 - $1,395

Summertree 7701 Sharon Dr

Summertree 7701 Sharon Dr

7701 Sharon Dr,
Mentor On The Lake, OH 44060

2 Beds | $1,200 - $1,300

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United States Ohio Mentor On The Lake 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 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity