The Ascent
12301 Cedar Rd,
Cleveland Heights, OH 44106
Studio - 3 Beds | $1,330 - $5,879
Rental Market Trends in Shaker Heights, OH
What is the average rent in Shaker Heights, OH?
$1,170/month
Average Rent
730 Sq Ft
Average Apartment Size
-0.3%
Decrease in the Last Year
As of December 2024, the average rent in Shaker Heights, OH is $1,170 per month. This is 25% lower than the national average rent of $1,560/month, making renting in Shaker Heights more affordable than most cities in the US. When you rent an apartment in Shaker Heights, you can expect to pay about $726 per month for a studio, $1,170 for a one-bedroom apartment, and around $1,318 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,536 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Shaker Heights, OH?
In the past year, rent has decreased by 0.3%, which averages out to $3 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Shaker Heights, OH
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
43%
$700 - $1,000/month
40%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Shaker Heights?
Based on current rent prices, Malvern-Mercer is the most affordable neighborhood in Shaker Heights.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Shaker Heights?
Based on current rent prices, Malvern-Mercer is the most expensive neighborhood in Shaker Heights.
Neighborhood
Average Rent
Average Sq Ft
Which Shaker Heights neighborhoods have the most rentals available?
The neighborhood in Shaker Heights with the most apartments available is Malvern-Mercer .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Shaker Heights, OH?
Because the average rent in Shaker Heights is $1,170, you’ll want to make about $3,900 per month or $46,800 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Shaker Heights, OH compare to other nearby cities and neighborhoods?
Use the tool below to compare Shaker Heights, OH to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,471/month
$1,471/month
One Bedroom
$1,654/month
$1,654/month
Two Bedroom
$1,481/month
$1,481/month
Three Bedroom
$3,792/month
$3,792/month
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.