cleveland houses for rent - craigslist (2024)

FAQs

Why is rent so expensive in Cleveland? ›

It all comes down to supply and demand. Right now, there may be more interested renters than there are affordable rental units, Simons said. "As households reform, people are moving out of mom's basem*nt or people are downsizing from owning into apartments.

Considering moving to Cleveland? The North Coast is a great Midwestern city to call home thanks to its diverse selection of outdoor activities, world-class theater district, renowned healthcare system, and more. Check out these 16 things to know about living in Cleveland!

Downtown Cleveland is considered a prime investment location due to its high percentage of renter-occupied properties, which stands at over 90%, and the year-over-year increase in median sale prices and rental rates.

A family of four estimated monthly costs are 4,194.8$ without rent. A single person estimated monthly costs are 1,189.5$ without rent. Cleveland is 28.5% less expensive than New York (without rent). Rent in Cleveland is, on average, 65.9% lower than in New York.

The cost of living in Cleveland, OH is same as the state average and 8% lower than the national average. Cleveland, OH housing is 20% cheaper than the U.S average, while utilities are about 2% pricier.

Live Your Best Life. With billions of dollars in new development, innovative industries, a growing start-up culture and a low cost-of-living, Cleveland is quickly becoming one of the most attractive cities in the country to live and work.

Find Your Luxury Home in Cleveland

The Cleveland suburbs of Bentleyville, Gates Mills, Pepper Pike, Moreland Hills, and Hunting Valley stand out as some of the most expensive communities in the region.

CLEVELAND, Ohio -- Cleveland ranks among the top cities where the market is more favorable for home buyers than renters, according to a recent study. With rent prices continuing to increase, there is no surprise that despite the state of the housing market, renting is more expensive than owning a house.

What is the average price of a house in Cleveland? ›

Cleveland, OH housing market

In April 2024, the median listing home price in Cleveland, OH was $134.9K, trending up 19.9% year-over-year. The median listing home price per square foot was $97. The median home sold price was $144.5K.

A lack of new homes has pushed up apartment prices, but so have other costs, such as labor, financing and materials. "The cost of development is through the roof," said Tré Giller, president and chief executive officer of Metro Development, one of the largest apartment builders in Columbus.

The Cost Of Living In Cleveland vs. Columbus. Cleveland is a more affordable place to live than Columbus. Cleveland has a Cost of Living Index of (COLI) 27.7% lower than the national average, whereas Columbus is only 13.6% lower than the national average.

The Cleveland suburbs of Bentleyville, Gates Mills, Pepper Pike, Moreland Hills, and Hunting Valley stand out as some of the most expensive communities in the region.