The Cleveland rental market was experiencing what the Sun News called a “euphoria” in 2011. Occupancies were high and rents were on the rise.
That opened up opportunities for developers to move in and make plans. And that’s what this Ohio market is experiencing now, and it’s certainly keeping rents down. Compared to other nearby markets, Cleveland remains affordable. The average rent for a one bedroom is $699/month, and a two bedroom $949/month, according to apartmentratings.com.
Here’s a look at what’s renting in Cleveland this week:
A two bedroom apartment in a split multifamily home is renting for $475/month in Detroit-Shoreway
The house was built in 1912
Space includes a basement and porch
Living room features a small fireplace
A one bedroom condo is renting on Prospect Avenue for $840/month.
Apartment is 650 sq. feet
Located on 7th floor, apartment is quiet
Painted a bright, teal color throughout
A one bedroom apartment is renting on Lake Shore Blvd. for $534/month
Located near downtown Cleveland
Building was recently renovated
Apartment features large closets