Cleveland, OH Rental Market
Cleveland is home to the Cleveland Clinic — one of the top hospital systems in the world and the city's largest employer — alongside University Hospitals and Case Western Reserve University. The city's diverse economy spans healthcare, finance (KeyBank HQ), manufacturing, and a growing tech sector. Very low home values relative to rents produce among the highest gross yields in Ohio, attracting value-focused investors who are willing to navigate the broader market's mixed neighborhoods.
Get a rent estimate for an address in ClevelandAverage Rent in Cleveland, OH
$1,030
per month · 2026-06
Market Score
Key Facts — Cleveland, OH Rental Market
- Average rent in Cleveland, OH:$1,030/mo
- Median rent:$948/mo
- Rent range:$525 – $2,250/mo
- Most common rental (2 bedrooms):$900/mo
- Active listings:1,800
- Avg days to lease:35 days
- Year-over-year change:+2.8%
- Median home value:$155,000
- Est. gross annual yield:8.0%
- Data as of:2026-06
Rent by Bedroom in Cleveland, OH
Average monthly rent for each bedroom type based on current active listings in Cleveland.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $750/mo |
2 Bedrooms | $900/mo |
3 Bedrooms | $1,150/mo |
4 Bedrooms | $1,425/mo |
5 Bedrooms | $1,625/mo |
Cleveland Rental Market Statistics
Key indicators from the current Cleveland, OH rental market.
1,800
Available now in Cleveland
35
From list to lease
$0.82
Average across listings
1,255 sq ft
Typical rental size
$525 – $2,250
Min to max active listings
+2.8%
Avg rent vs. prior year
Investing in Cleveland, OH Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$155,000
Typical purchase price in Cleveland
Est. Gross Annual Yield
8.0%
Before expenses & vacancy
Avg Monthly Income
$1,030
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Cleveland for a full cash-flow breakdown including all costs.
Cleveland, OH Rental Market FAQ
Common questions about renting and investing in Cleveland, OH.
What is the average rent in Cleveland, OH?
The average rent in Cleveland, OH is $1,030 per month as of 2026. One-bedroom apartments average $750/mo, two-bedrooms $900/mo, and three-bedroom homes $1,150/mo. Neighborhoods near the Cleveland Clinic, University Circle, and Tremont command above-average rents, while outer east and west side neighborhoods offer below-average rents.
Is Cleveland, OH a good place to invest in rental property?
Cleveland offers an estimated 8.0% gross annual yield — one of the highest in Ohio — driven by very affordable median home values (~$155,000). The Cleveland Clinic and University Hospitals provide an anchor tenant base of healthcare professionals. Investors should conduct neighborhood-level due diligence, as performance varies significantly across the city.
How competitive is the Cleveland, OH rental market?
Cleveland averages 35 days on market across approximately 1,800 active listings. The market is moderately competitive overall, with the University Circle/Little Italy corridor and Tremont/Ohio City neighborhoods substantially tighter. Properties in desirable neighborhoods near major employers lease within 2–3 weeks.
Ready to Analyze a Property in Cleveland?
Get an instant rent estimate, cash-flow projection, and comparable rentals for any address in Cleveland, OH.
Analyze Now — It's Free