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Rental Market Trends in Parma, OH

What is the average rent in Parma, OH?

$904/month

Average Rent

618 Sq Ft

Average Apartment Size

+4.9%

Increase in the Last Year

As of June 2025, the average rent in Parma, OH is $904 per month. This is 44% lower than the national average rent of $1,628/month, making renting in Parma more affordable than most cities in the US. When you rent an apartment in Parma, you can expect to pay about $800 per month for a studio, $904 for a one-bedroom apartment, and around $1,100 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,339 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$800/month
369 Sq Ft
One Bedroom
$904/month
618 Sq Ft
Two Bedroom
$1,100/month
844 Sq Ft
Three Bedroom
$1,339/month
1,109 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,675/month
803 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 Parma, OH?

In the past year, rent has increased by 4.9%, which averages out to $45 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 June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Parma, OH
Last Updated June 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Parma, OH
Percentage*
Rent Range
0% Below $700/month
47% $700 - $1,000/month
47% $1,001 - $1,500/month
6% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Parma?

Based on current rent prices, Ridge Road, Regency Towers and Western Heights are the most affordable neighborhoods in Parma.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Ridge Road
$906/month
590 Sq Ft
Regency Towers
$906/month
590 Sq Ft
Western Heights
$1,256/month
745 Sq Ft

What are the most expensive neighborhoods in Parma?

Based on current rent prices, Western Heights, Ridge Road and Regency Towers are the most expensive neighborhoods in Parma.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Western Heights
$1,256/month
745 Sq Ft
Ridge Road
$906/month
590 Sq Ft
Regency Towers
$906/month
590 Sq Ft

Which Parma neighborhoods have the most rentals available?

The neighborhoods in Parma with the most apartments available are Western Heights, Ridge Road and Regency Towers .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Western Heights
$1,256/month
745 Sq Ft
Ridge Road
$906/month
590 Sq Ft
Regency Towers
$906/month
590 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Parma is $904, you’ll want to make about $3,013 per month or $36,156 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

Parma, OH

463 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Parma, 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 Parma, OH

Apartment Averages

Ridge Road

Parma, OH

Western Heights

Parma, OH

Studio
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends

  • Parma Heights Average Rent
  • Brooklyn Average Rent
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  • Brook Park Average Rent

Apartment communities in Parma we think you'll love

The Villas at Brookview

The Villas at Brookview

13957 Pemberton Dr,
Brook Park, OH 44142

1-3 Beds | $1,995 - $2,225

Midtown Towers

Midtown Towers

5676 Broadview Rd,
Parma, OH 44134

1-3 Beds | $895 - $1,560

Hummingbird Pointe & The Gardens

Hummingbird Pointe & The Gardens

6871 Ames Rd,
Parma, OH 44129

1-3 Beds | $876 - $1,140

Westview Acres Apartments

Westview Acres Apartments

9755 Westview Dr,
Parma, OH 44129

1-3 Beds | $750 - $1,030

Property Management Companies in Parma, OH

Premier Real Estate Investments, LLC
Premier Real Estate Investments, LLC
  • 21

    Communities

  • 3,035

    Units

  • 17

    Cities

5 Communities in Parma
Millennium Management
Millennium Management
  • 14

    Communities

  • 4,177

    Units

  • 12

    Cities

4 Communities in Parma
Zaremba Management Company
Zaremba Management Company
  • 23

    Communities

  • 5,202

    Units

  • 20

    Cities

3 Communities in Parma
RHM Real Estate
RHM Real Estate
  • 31

    Communities

  • 4,388

    Units

  • 12

    Cities

3 Communities in Parma
Gross Residential
Gross Residential
  • 40

    Communities

  • 13,968

    Units

  • 22

    Cities

2 Communities in Parma
AIY Properties
AIY Properties
  • 28

    Communities

  • 8,649

    Units

  • 15

    Cities

2 Communities in Parma
Clover Group Inc.
Clover Group Inc.
  • 61

    Communities

  • 7,265

    Units

  • 51

    Cities

1 Community in Parma
Solomon Organization
Solomon Organization
  • 54

    Communities

  • 21,307

    Units

  • 44

    Cities

1 Community in Parma

Learn More with Helpful Articles

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United States Ohio Parma 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