How many apartments are available in Lake Erie Estates on Rentable.co?

Rentable.co has over 3 apartments available near Lake Erie Estates.

What is the average rent for a two-bedroom apartment in Lake Erie Estates?

The average rent for a two-bedroom apartment near Lake Erie Estates is around $1,010 per month.

How many apartments are available in Mentor, OH on Rentable.co?

Rentable.co has over 266 apartments available in Mentor.

What is the average rent for a one-bedroom apartment in Mentor, OH?

The average rent for a <a href='/mentor-oh/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Mentor is around $900 per month.

What is the average rent for a two-bedroom apartment in Mentor, OH?

The average rent for a <a href='/mentor-oh/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Mentor is around $1,120 per month.

How expensive is it to rent an apartment in Mentor, OH?

For a two-bedroom apartment in Mentor, the average rent price is $1,120 per month, which is lower than the national average of $1,620 per month.

Can I afford an apartment for rent in Mentor, OH?

Based on average rent prices in Mentor, to afford a <a href='/mentor-oh/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> you would need an annual household income of $36,000 to live comfortably.

Apartments in Lake Erie Estates Mentor

Mentor:
April Rent Report

Welcome to the April 2024 Mentor Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Mentor rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Mentor and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Mentor average rent prices in the chart below.

Monthly Rent Report

$1,350

$1,010

$680

$340

May. 2023

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

1 BR 2 BR

Mentor Rent Prices Increase From March to April

Mentor rent prices increased over the last month. From March to April, the city experienced a 1.47% increase for the price of a one-bedroom apartment. The rent price for a Mentor one-bedroom apartments currently stands at $899.0.

When we take a look at the two-bedroom comparison from March to April, Mentor experienced a -1.92% decrease for the price of a two-bedroom apartment. The rent price for a Mentor two-bedroom apartments currently stands at $1,178.0.

April Prices: Mentor vs. Surrounding Areas

Rent Prices in Mentor and Surrounding Areas

Rent prices have increased in Mentor over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Mentor suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Mentor suburbs
Rents did not decrease in any of the Mentor suburbs.

April 2024 Pricing Trends: Mentor vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Minneapolis, MN

Columbus, OH

Pittsburgh, PA

$3,994

$3,038

$2,355

$2,347

$1,893

$1,300

$1,264

$1,145

$1,300

$2,600

$3,900

$5,200

Median Rent

Mentor Rent Prices More Affordable Than Major Cities

Rent growth in Mentor over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Mentor average rent prices appear to be relatively affordable for local residents.

The price for a Mentor one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Mentor and surrounding area rent prices, take a look at the complete data set below.

Data set for Mentor and suburbs

	1 BR April	1 BR M/M % Change	2 BR April	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.