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Rental Market Trends in Sheffield Lake, OH

Updated August 2026

The average rent in Sheffield Lake, OH is $996/month.

Rent in Sheffield Lake is 40% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$996/month

Average Rent

794 Sq Ft

Average Size

+1.2%

Change / Year

42

Available Apartments

Sheffield Lake rent varies by unit size and layout:

  • Studio apartments in Sheffield Lake average $782 per month.
  • One-bedroom apartments in Sheffield Lake average $996 per month.
  • Two-bedroom apartments in Sheffield Lake average $1,310 per month.
  • Three-bedroom apartments in Sheffield Lake average $3,025 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$782/month
500 Sq Ft
One Bedroom
$996/month
794 Sq Ft
Two Bedroom
$1,310/month
1,187 Sq Ft
Three Bedroom
$3,025/month
2,750 Sq Ft
View Sheffield Lake Apartments

How much has average rent changed in Sheffield Lake, OH?

In the past year, rent has increased by 1.2%, which averages out to $13 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Sheffield Lake, OH

August 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Sheffield Lake, OH
Percentage*
Rent Range
14% Below $700/month
29% $700 - $1,000/month
43% $1,001 - $1,500/month
14% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Sheffield Lake is $996, you’ll want to make about $3,320 per month or $39,840 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

Sheffield Lake, OH

42 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Sheffield Lake, 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.

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Avon Lake

    Avon Lake

    Avg Rent: $1,324/month

  • Avon

    Avon

    Avg Rent: $1,718/month

  • Lorain

    Lorain

    Avg Rent: $688/month

  • Elyria

    Elyria

    Avg Rent: $763/month

  • North Ridgeville

    North Ridgeville

    Avg Rent: $815/month

  • Amherst

    Amherst

    Avg Rent: $1,162/month

Apartment Communities in Sheffield Lake We Think You'll Love

Portside Apartments

Portside Apartments

100 Mariners Cir,
Sheffield Lake, OH 44054

2 Beds | $1,353 - $3,081

Perch on Lake

Perch on Lake

5115 Lake Rd,
Sheffield Lake, OH 44054

2 Beds | $1,475 - $1,575

The Aqua Marine Resort Style Living

The Aqua Marine Resort Style Living

750 Aqua Marine Blvd,
Avon Lake, OH 44012

1-3 Beds | $1,450 - $2,350

Tradewinds Apartments

Tradewinds Apartments

690 Harris Rd,
Sheffield Lake, OH 44054

1-2 Beds | $1,000 - $1,100

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Frequently Asked Questions

What is the average rent in Sheffield Lake?

The average rent in Sheffield Lake is $996 per month, which is 40.1% lower than the national average of $1,663.

Are rents going up or down in Sheffield Lake?

Rents in Sheffield Lake, OH are increasing, with prices up 1.2% year-over-year and $13 more per month.

What rent range is most common in Sheffield Lake?

In Sheffield Lake, OH, 43% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Ohio Sheffield Lake 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

© 2026 CoStar Group, Inc.

Equal Housing Opportunity