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Rental Market Trends in Oakwood Village, OH

What is the average rent in Oakwood Village, OH?

$1,005/month

Average Rent

531 Sq Ft

Average Apartment Size

-10.7%

Decrease in the Last Year

Oakwood Village, OH Rental Market Overview

The average rent in Oakwood Village, OH is $1,005 per month. This is 39% lower than the national average rent of $1,644/month, making renting in Oakwood Village more affordable than most cities in the US.

  • Studio apartments in Oakwood Village average $940 per month.
  • One-bedroom apartments in Oakwood Village average $1,005 per month.
  • Two-bedroom apartments in Oakwood Village average $1,317 per month.
  • Three-bedroom apartments in Oakwood Village average or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$940/month
480 Sq Ft
One Bedroom
$1,005/month
531 Sq Ft
Two Bedroom
$1,317/month
756 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 Oakwood Village, OH?

In the past year, rent has decreased by 10.7%, which averages out to $107 less 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 Oakwood Village, OH
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Oakwood Village, 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 Oakwood Village, OH?

Because the average rent in Oakwood Village is $1,005, you’ll want to make about $3,350 per month or $40,200 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

Oakwood Village, OH

26 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Oakwood Village, 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 Oakwood Village, OH

Apartment Averages

Nearby City Rent Trends

  • Bedford Heights Average Rent
  • Bedford Average Rent
  • Maple Heights Average Rent
  • Warrensville Heights Average Rent

Apartment communities in Oakwood Village we think you'll love

Solon Club Apartment Homes

Solon Club Apartment Homes

26433 Solon Rd,
Oakwood Village, OH 44146

$950 - $2,006

Studio - 2 Beds

6699 Deer Ct

6699 Deer Ct

6699 Deer Ct,
Bedford Heights, OH 44146

$1,800

3 Beds

330 Paul St

330 Paul St

330 Paul St,
Bedford, OH 44146

$1,600

3 Beds

Columbus Park Apartments

Columbus Park Apartments

6055 Bear Creek Dr,
Bedford Heights, OH 44146

$787 - $1,520

1-3 Beds

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United States Ohio Oakwood Village 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