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Studio Apartment for Rent in Elyria, OH

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    Starting at $630 Per Month

    • Studio - 2 Beds

    525 Georgetown Ave, Elyria, OH 44035

    Located in Elyria, Ohio, Sherwood Forest Apartments offers great place to call home nestled in a quiet wooded setting. Choose from either 1 or 2 bedroom suites available for rent that feature central air conditioning, abundant parking, private balconies, fully equipped kitchens and storage facilities. Residents of this apartment community love the location as it is near shopping, churches and

    Sherwood Forest Apartments

    525 Georgetown Ave, Elyria, OH 44035

Why Live in Elyria

Elyria, Ohio, a small city located between Sandusky and Cleveland, is home to over 53,000 residents and offers a mix of regional attractions, including proximity to Lake Erie and major employers like UH Elyria Medical Center and Lorain County. The city features a variety of home styles, with many colonial revivals and ranch-style homes built before 1980. Elyria's real estate market is competitive, with single-family homes and condos available in various price ranges. The city boasts 14 parks, including Cascade Park and Elywood Park, which offer picturesque waterfalls, fitness trails, and wooded green spaces along the Black River. The downtown area is seeing a resurgence of local cafes and eateries, such as Erie Island Coffee Company and Foundry Kitchen and Bar. Elyria also supports a vibrant arts scene through the Elyria Arts Council, which hosts events and classes year-round. The Elyria City School District has a high rating, serving over 5,800 students with a student-teacher ratio of 17:1. Commuting is convenient with interstates 80 and 90 providing routes to Cleveland, Akron, and beyond, while the Lorain County Transit system connects residents to the greater Cleveland metro area. The city has addressed recent flood risks with infrastructure improvements and has a crime risk slightly lower than the national average.

Frequently Asked Questions

How much does it cost to rent a home in Elyria, OH?
The median rent for a home in Elyria, OH is $1,200 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Elyria, OH?
To comfortably afford the median rent in Elyria, OH, a household needs to earn roughly $48,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,200 per month in Elyria, OH, renters typically need to show $3,600 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Elyria, OH?
In Elyria, OH, the price-to-rent ratio is 14.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,200
Median Single Family Home Rent
$1,275
Median Townhouse Rent
$1,500
Median Condo Rent
$980
How to Rent a Home