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Cleveland OH Apartment Market Read

Current market read
Landlord’s market
ConditionTight
RentersLandlords
The yearly data reads a landlord's market, and the monthly figures, asking rents and jobs are heating up further.
From public data. The situation now, not a forecast.
Renter Google searchabout 5,400 searches in September 2026 · HousesSee read →
Renter Google Search InterestGoogle · monthly

About 5,400 searches in September 2026, for Cleveland on its own

November is usually one of the quietest months for renter searches here.

What renters Google mostHousesSee all →

Attention, not a verdict. Google searches for apartments to rent.

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Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Heating
Asking rents are climbing (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
+0.2%
▲ Hiring, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
6.3%2024 COUNT
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$1,249 a month
September 2026, ▲ up 4.0% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +5.3% · US avg +4.6%
Median rentCENSUS · 2024
$1,087/mo
Typical rent. A yearly count, last taken 2024
Median rent · 3 yearly counts
2023 to 2025, with Pro
Demand vs supplyCENSUS + BLS
Weak demand
DEMAND
SUPPLY
DEMAND
Jobs+0.2%
Migration 2025−0.1/1k
SUPPLY
Permits 2025+13%
Vacancy 20246.3%
Rent vs buyWEEKLY RATE · 2024 RENT
+$821/mo
Cheaper to rent than buying
rent $1,087 · own $1,908
$1,087
RENT
$1,908
OWN
Domestic migrationCENSUS · 2025
−0.1/1k
▼ More people left for other US places than moved in. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.