Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Cleveland area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $500 in Cleveland, OH

1 - 10 of 10 Results
51
$451 - 1,350
Prospect Yard
1937 Prospect Ave Cleveland, OH
2 BR | Aug. 31, 2026
Contact
Covered Parking
Storage
Dishwasher
Quadrangle
16
$100 - 300
Skyline Tower - Seniors 62 & Older
2250 Community College Ave Cleveland, OH
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Income Restricted
Section 8
37
$500
2450 Derbyshire RD
Cleveland, OH
Studio | Ask for Availability
Contact
Dishwasher
7
$449
3229 Fulton Rd
Cleveland, OH
1 BR | Ask for Availability
Contact
Clark-Fulton
1
$ Ask - 650
1765 Noble Realty Llc
1769-1771 Noble Rd E Cleveland, OH
1 BR | Available Now
Contact
Collamer
5
$ Ask - 1,940
Windsor Building
2000 E.4th Street Cleveland, OH
1 - 2 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Covered Parking
Dishwasher
Downtown Cleveland
13
$ Ask - 1,200
Commercial Building
2056 E.4th Street Cleveland, OH
1 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
Dishwasher
11
$ Ask - 1,895
Frederick Building
2063 E.4th Street Cleveland, OH
1 - 2 BR | Available Now
Contact
Cat Friendly
Air Conditioning
In Unit Laundry
Dishwasher
Downtown Cleveland
6
$ Ask - 2,012
2082 E.4th Street
Cleveland, OH
2 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
Dishwasher
13
$ Ask - 1,430
Euclid Block Apartments
2015 East 4th Street Cleveland, OH
1 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
Dishwasher
1 - 10 of 10 Results
  1. Home
  2. Cleveland
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Cleveland, OH on Rentable.co?

There are 10 apartments under $500 in Cleveland currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Cleveland?

Rentable.co has 27 studio apartments under $500 available for rent in Cleveland.

How many one-bedroom apartments under $500 are available in Cleveland?

Rentable.co has 34 one-bedroom apartments under $500 available for rent in Cleveland.

How many two-bedroom apartments under $500 are available in Cleveland?

Rentable.co has 72 two-bedroom apartments under $500 available for rent in Cleveland.

Can I afford a apartment under $500 in Cleveland, OH?

To comfortably afford a apartment under $500 in Cleveland based on average rent prices, a household would need an annual income of $18,000.

Which neighborhoods have the most apartments under $500 for rent in Cleveland, OH?

  1. Corlett
  2. Downtown Cleveland
  3. Edgewater Towers
  4. Quadrangle
  5. Tremont

Apartments Under $500 in Cleveland, OH: August Rental Information

Welcome to the August 2026 Cleveland Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 key findings and figures for the Cleveland rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Cleveland and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $500 in Cleveland.

Stay tuned for the latest Cleveland rental market updates and trends in our monthly report. Whether you're a student, young professional, or anyone searching for an affordable rental option, Rentable is here to help you find the perfect apartment in Cleveland.
0 12 25 37 50 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 $1,620 $1,700 $1,780 $1,860 $1,940 >$2,020
This month, the typical cost to rent a one-bedroom apartment in Cleveland stands at $1,100, with the majority falling between $700 and $1,850. Out of the 3,598 one-bedroom apartments currently on the market in Cleveland, 16 are priced below $500, accounting for 0% of the total available one-bedroom units in Cleveland.

Available Apartments Under $500: Cleveland vs. Surrounding Areas

Cleveland, OH
16
The chart above provides detailed information about the number of available apartments under $500 in Cleveland, OH and the surrounding cities as of August, 2026. Parma, Broadview Heights, Brook Park, Lakewood, University Heights, Pepper Pike, Valley View, Seven Hills, Shaker Heights, Eastlake, Moreland Hills, Solon, Euclid, South Euclid, South Russell, Fairview Park, Chagrin Falls, Avon, Chardon, Avon Lake, Independence, Bay Village, Beachwood, Strongsville, Maple Heights, Bedford, North Olmsted, Bentleyville, Cleveland Heights, North Ridgeville, North Royalton, Berea, Westlake, Mayfield, Mayfield Heights, Wickliffe, Rocky River, Olmsted Falls, Orange, Willoughby, Mentor, Painesville, Kirtland, Cuyahoga Heights, Brecksville, Euclid Heights, Garfield Heights, Parma Heights, Richmond Heights, Sagamore Hills, Bainbridge, Northfield, Mentor On The Lake, Sheffield Lake, East Cleveland, Brooklyn, Newburgh Heights, and Woodmere are included in the chart to give renters a comprehensive view of the rental market in the area. The chart indicates the total inventory of available apartments under $500 in the Cleveland, OH metro area, which currently stands at 23. This data will assist renters in making informed decisions about their apartment search in the Cleveland, OH region.

Apartments Under $500 Now vs. Last Month: Cleveland and Surrounding Areas

City Apartments Under $500 in August M/M % Change
Cleveland, OH 16 +0.99%
Euclid, OH 3 +0.79%
East Cleveland, OH 1 +1.0%
Cuyahoga Heights, OH 1 +1.0%
Cleveland Heights, OH 1 +1.0%
Willoughby, OH 1 +1.0%
Strongsville, OH 1 +1.0%
Shaker Heights, OH 1 +0.5%
Bedford, OH 1 +1.4%

Looking for Apartments Under $500 in Cleveland?

Available apartments under $500 169
Top amenities Dishwasher, Balcony/Deck/Patio, Refrigerator, Range / Oven, Pet Friendly Community
Pet friendly 11
Utilities included 1
Studio 8
1 Bedroom 6
2 Bedroom 6
Square footage 300 - 917

Where are Cleveland Apartments Under $500?

Top Neighborhoods Corlett, Downtown cleveland, Edgewater towers, Quadrangle, Tremont
Corlett 2
Downtown Cleveland 1
Edgewater Towers 1
Quadrangle 1
Tremont 1
Browse Cleveland Apartments
Cleveland Apartments by Neighborhood
Cleveland Apartments by Bedrooms
Cleveland Apartments by Affordability
Cleveland Apartments with Amenities
Cleveland Apartments by Type
Colleges Near Cleveland
Cleveland Apartments by Zip Code