Forest Ridge Apartments
5531-5601 Chevrolet Blvd,
Parma, OH 44130
$949 - $1,125
1-2 Beds
Rental Market Trends in Parma Heights, OH
What is the average rent in Parma Heights, OH?
$998/month
Average Rent
672 Sq Ft
Average Apartment Size
+3.4%
Increase in the Last Year
As of April 2026, the average rent in Parma Heights, OH is $998 per month. This is 39% lower than the national average rent of $1,641/month, making renting in Parma Heights more affordable than most cities in the US. When you rent an apartment in Parma Heights, you can expect to pay about $1,039 per month for a studio, $998 for a one-bedroom apartment, and around $1,326 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,772 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
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Average Sq Ft
How much has average rent changed in Parma Heights, OH?
In the past year, rent has increased by 3.4%, which averages out to $34 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 April 2026
Legend
2025
2026
Rent Ranges in Parma Heights, OH
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
11%
Below $700/month
28%
$700 - $1,000/month
50%
$1,001 - $1,500/month
6%
$1,501 - $2,000/month
6%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Parma Heights?
Based on current rent prices, Ridgewood Park and Westminster Homes Mandalay" are the most affordable neighborhoods in Parma Heights.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Parma Heights?
Based on current rent prices, Westminster Homes Mandalay and Ridgewood Park" are the most expensive neighborhoods in Parma Heights.
Neighborhood
Average Rent
Average Sq Ft
Which Parma Heights neighborhoods have the most rentals available?
The neighborhoods in Parma Heights with the most apartments available are Ridgewood Park and Westminster Homes Mandalay" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Parma Heights, OH?
Because the average rent in Parma Heights is $998, you’ll want to make about $3,326 per month or $39,912 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.
How does Parma Heights, OH compare to other nearby cities and neighborhoods?
Use the tool below to compare Parma Heights, 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.
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Nearby City Rent Trends
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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 February 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.