The Beacon Cleveland
515 Euclid Ave,
Cleveland, OH 44114
$1,830 - $6,788 | 1-2 Beds
Downtown Cleveland
Cleveland, OH
Downtown Cleveland - Cleveland, OH
Area Guide
The best of urban living in the heart of the North Coast
Sports
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Waterfront
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Airport
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College
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Affordable
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Public Transportation
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Walkable
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Cleveland is a city where spirit meets sophistication, and nowhere is this dichotomy more on display than Downtown. This lakefront district packs a whole city’s worth of attractions and amenities into a fairly compact area, making it easy for folks to walk or bike anywhere quickly: to work, to get a bite to eat, to a ball game, even to catch a flight (Burke Lakefront Airport sits right on the shore of Lake Erie). Like many Midwestern cities, Downtown Cleveland features a skyline filled with grand architecture, from the historic public buildings to the vintage skyscrapers to the magnificent monuments dotting the landscape.
Quicken Loans Arena, FirstEnergy Stadium, and Progressive Field are all only a few blocks away from anywhere in Downtown, giving residents direct access to professional sporting events and major concerts year-round. Downtown also features a huge array of stages, which host a staggering roster of theater productions, concerts, and other performances every night of the week. Apartments in this area aren’t cheap, but rental rates can be surprisingly affordable considering the excellent location.
Rent Trends
As of March 2025, the average apartment rent in Downtown Cleveland is $1,226 for a studio, $1,532 for one bedroom, $2,061 for two bedrooms, and $2,884 for three bedrooms. Apartment rent in Downtown Cleveland has increased by 0.8% in the past year.
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Studio
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501 sq ft
Average Sq Ft
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$1,226/month
Average Rent
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1 BR
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765 sq ft
Average Sq Ft
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$1,532/month
Average Rent
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2 BR
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1,164 sq ft
Average Sq Ft
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$2,061/month
Average Rent
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3 BR
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1,579 sq ft
Average Sq Ft
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$2,884/month
Average Rent
Points of Interest
Shopping Centers
Parks and Recreation
- Great Lakes Science Center
- Lakefront Reservation and Edgewater Park
- Cleveland Metroparks Zoo
- Ohio & Erie Canal Reservation
- Children's Museum of Cleveland
Transit / Subway
Airports
- Cleveland-Hopkins International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.