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RentData.org Logo Cleveland-Elyria Fair Market Rent FY 2023 Cleveland-Elyria, OH MSA Rental Data

Fair Market Rent Prices in Cleveland-Elyria, OH :
$719 $820 $998 $1,296 $1,369
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Cleveland-Elyria are high compared to the national average. This FMR area is more expensive than 76% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Cleveland-Elyria is $998 per month.

The previous year, rent for a two-bedroom home was $893 per month. This is a 11.76% increase year-over-year.

This FMR rate applies to Gates Mills, OH, Hinckley, OH, Chesterland, OH, Brecksville, OH, Bay Village, OH, Wickliffe, OH, Berea, OH, Brookpark, OH, Broadview Heights, OH, Rocky River, OH and other cities within the region. The Metro Code or CBSA code for this region is METRO17460M17460.

Additionally, This Fair Market Rent (FMR) area Cleveland-Elyria, OH MSA spans one county or city in Ohio which is listed in the table below. Estimated population of Cleveland-Elyria, OH MSA FMR area is 1,241,475 people based on latest Census data.

Compared to the rest of Ohio, the Cleveland-Elyria FMR area is more expensive than 94% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Cleveland-Elyria. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Cleveland-Elyria

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 765
1-BR 1-Bedroom $ 872
2-BR 2-Bedroom $ 1062
3-BR 3-Bedroom $ 1379
4-BR 4-Bedroom $ 1457
Change Year:
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Cleveland-Elyria, OH MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Cleveland - Akron (Canton).

County / Region Est. Population
Cleveland-Elyria, OH Metro 1,241,475
Zip Codes in Cleveland-Elyria, OH MSA

There are 59 unique zip codes in this Fair Market Rent (FMR) area:

44017, 44022, 44023, 44026, 44040, 44070, 44092, 44101, 44102, 44103, 44104, 44105, 44106, 44107, 44108, 44109, 44110, 44111, 44112, 44113, 44114, 44115, 44116, 44117, 44118, 44119, 44120, 44121, 44122, 44123, 44124, 44125, 44126, 44127, 44128, 44129, 44130, 44131, 44132, 44133, 44134, 44135, 44136, 44137, 44138, 44139, 44140, 44141, 44142, 44143, 44144, 44145, 44146, 44147, 44149, 44181, 44195, 44199 and 44233

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