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Rental Market Trends in Painesville, OH

What is the average rent in Painesville, OH?

$923/month

Average Rent

641 Sq Ft

Average Apartment Size

+2.4%

Increase in the Last Year

As of July 2025, the average rent in Painesville, OH is $923 per month. This is 44% lower than the national average rent of $1,637/month, making renting in Painesville more affordable than most cities in the US. When you rent an apartment in Painesville, you can expect to pay about $1,381 per month for a studio, $923 for a one-bedroom apartment, and around $1,296 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,680 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,381/month
1,200 Sq Ft
One Bedroom
$923/month
641 Sq Ft
Two Bedroom
$1,296/month
992 Sq Ft
Three Bedroom
$1,680/month
1,366 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 Painesville, OH?

In the past year, rent has increased by 2.4%, which averages out to $23 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 Painesville, OH
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Painesville, OH
Percentage*
Rent Range
17% Below $700/month
50% $700 - $1,000/month
25% $1,001 - $1,500/month
8% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Painesville is $923, you’ll want to make about $3,076 per month or $36,912 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

Painesville, OH

66 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Painesville, 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 Painesville, OH

Apartment Averages

Nearby City Rent Trends

  • Mentor Average Rent
  • Mentor On The Lake Average Rent
  • Willoughby Average Rent
  • Eastlake Average Rent

Apartment communities in Painesville we think you'll love

Cobblestone Court Aparments

Cobblestone Court Aparments

842 Cobblestone Cir,
Painesville, OH 44077

1-3 Beds | $1,435 - $2,195

Grant Street Apartments

Grant Street Apartments

55 Grant St,
Painesville, OH 44077

2 Beds | $1,255 - $1,275

Nye Park Apartments

Nye Park Apartments

120 Nye Rd,
Painesville, OH 44077

Studio - 2 Beds | $1,079 - $1,109

1045-1059 Richmond Rd

1045-1059 Richmond Rd

1059 Newell St,
Painesville, OH 44077

1-2 Beds | $900 - $950

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United States Ohio Painesville 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