Fawn Lake Apartments
9640 Fernwood Dr,
Olmsted Falls, OH 44138
1-3 Beds | $965 - $1,695
Rental Market Trends in Olmsted Falls, OH
Updated September 2026
The average rent in Olmsted Falls, OH is $1,026/month.
Rent in Olmsted Falls is 38% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$1,026/month
Average Rent
693 Sq Ft
Average Size
+8.2%
Change / Year
22
Available Apartments
Olmsted Falls rent varies by unit size and layout:
- Studio apartments in Olmsted Falls average per month.
- One-bedroom apartments in Olmsted Falls average $1,026 per month.
- Two-bedroom apartments in Olmsted Falls average $1,151 per month.
- Three-bedroom apartments in Olmsted Falls average $1,603 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Olmsted Falls, OH?
In the past year, rent has increased by 8.2%, which averages out to $84 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Olmsted Falls, OH
September 2026
$1,001 - $1,500
Most rental prices fall within this range
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 Olmsted Falls, OH?
Because the average rent in Olmsted Falls is $1,026, you’ll want to make about $3,420 per month or $41,040 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.
How does Olmsted Falls, OH compare to other nearby cities and neighborhoods?
Use the tool below to compare Olmsted Falls, 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 Olmsted Falls Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Olmsted Twp
Avg Rent: $1,360/month
-
Berea
Avg Rent: $999/month
-
North Olmsted
Avg Rent: $1,096/month
-
Brook Park
Avg Rent: $1,006/month
-
Middleburg Heights
Avg Rent: $983/month
-
Westlake
Avg Rent: $1,536/month
-
Strongsville
Avg Rent: $1,098/month
-
Fairview Park
Avg Rent: $1,007/month
-
North Ridgeville
Avg Rent: $815/month
Apartment Communities in Olmsted Falls We Think You'll Love
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Frequently Asked Questions
What is the average rent in Olmsted Falls?
The average rent in Olmsted Falls is $1,026 per month, which is 38.3% lower than the national average of $1,664.
Are rents going up or down in Olmsted Falls?
Rents in Olmsted Falls, OH are increasing, with prices up 8.2% year-over-year and $84 more per month.
What rent range is most common in Olmsted Falls?
In Olmsted Falls, OH, 100% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 September 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.