Lorain renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Lorain is about $716 per month. This puts it in the 18th percentile compared to the state average cost of rent, which is $1,177. Households in Lorain have a median income of $4,027 per month so the average renter in Lorain is spending roughly 18% of their earnings on housing.
Nationally, and in Lorain, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lorain is $83,819 right now, which is lower than cities nearby, meaning that rents in Lorain also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Lorain while lower rent rates are often available in western areas.
Nearby Cities
- Ferndale, PA: more expensive rent prices
- Geistown, PA: more expensive rent prices
- Johnstown, PA: more expensive rent prices
- Elim, PA: more expensive rent prices
- Southmont, PA: more expensive rent prices
- Georgetown, PA: more expensive rent prices
- Westmont, PA: more expensive rent prices
- Ingleside, PA: more expensive rent prices
- East Conemaugh, PA: less expensive rent prices
- Scalp Level, PA: more expensive rent prices
Cities with Similar Populations
- Briggsville, WI: more expensive rent prices
- Coxey, AL: more expensive rent prices
- Glen Campbell, PA: more expensive rent prices
- Indian Lake, TX: more expensive rent prices
- Jefferson, MS: less expensive rent prices
- Landrum, GA: more expensive rent prices
- Logan, KS: less expensive rent prices
- Lowell, WI: more expensive rent prices
- Mack, CO: more expensive rent prices
- McKenney, VA: more expensive rent prices
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