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Rental Market Trends in Mentor-On-The-Lake, OH

Updated August 2026

The average rent in Mentor-On-The-Lake, OH is $1,029/month.

Rent in Mentor-On-The-Lake is 38% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,029/month

Average Rent

765 Sq Ft

Average Size

-0.5%

Change / Year

25

Available Apartments

Mentor-On-The-Lake rent varies by unit size and layout:

  • Studio apartments in Mentor-On-The-Lake average per month.
  • One-bedroom apartments in Mentor-On-The-Lake average $1,029 per month.
  • Two-bedroom apartments in Mentor-On-The-Lake average $1,149 per month.
  • Three-bedroom apartments in Mentor-On-The-Lake average or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,029/month
765 Sq Ft
Two Bedroom
$1,149/month
932 Sq Ft
View Mentor-On-The-Lake Apartments

How much has average rent changed in Mentor-On-The-Lake, OH?

In the past year, rent has decreased by 0.5%, which averages out to $5 less per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Mentor-On-The-Lake, OH

August 2026
$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 $1,029, you’ll want to make about $3,430 per month or $41,160 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

25 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.

View the Mentor-On-The-Lake Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Mentor

    Mentor

    Avg Rent: $1,037/month

  • Willoughby

    Willoughby

    Avg Rent: $1,349/month

  • Eastlake

    Eastlake

    Avg Rent: $949/month

  • Fairport Harbor

    Fairport Harbor

    Avg Rent: $574/month

  • Painesville

    Painesville

    Avg Rent: $1,066/month

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 | $1,190

Lakeway Woods Apartments

Lakeway Woods Apartments

5840 Buckeye Ln,
Mentor, OH 44060

1-3 Beds | $925 - $1,495

Reserve at Lake Pointe

Reserve at Lake Pointe

5980 Marine Parkway Dr,
Mentor, OH 44060

1-2 Beds | $1,064 - $1,174

Summertree

Summertree

7701 Sharon Dr,
Mentor-on-the-Lake, OH 44060

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

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Frequently Asked Questions

What is the average rent in Mentor-On-The-Lake?

The average rent in Mentor-On-The-Lake is $1,029 per month, which is 38.1% lower than the national average of $1,663.

Are rents going up or down in Mentor-On-The-Lake?

Rents in Mentor-On-The-Lake, OH are decreasing, with prices down 0.5% year-over-year and $5 less per month.

What rent range is most common in Mentor-On-The-Lake?

In Mentor-On-The-Lake, OH, 100% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

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 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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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity