Mentor-On-The-Lake, Ohio Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mentor-On-The-Lake, Ohio rental market.
Mentor-On-The-Lake, Ohio
Average Apartment Rent
$1,141
Y-o-Y Change in Average
Apartment Rent
1.3%
As of May 2026
Compared to a year ago, Mentor-On-The-Lake, Ohio apartments have recorded a 1.3% rent increase.
Mentor-On-The-Lake, Ohio Average apartment rent trend
Mentor-On-The-Lake, Ohio Average Apartment Rent
Mentor-On-The-Lake, Ohio Apartment rent ranges
At 80.11%, apartments priced $1,000 - $1,500 represent the bulk of Mentor-On-The-Lake, Ohio rentals, while condos priced Under $1,000 hold the lowest share of the market – 19.89%.
Mentor-On-The-Lake, Ohio Housing tenure**
Renters take up 40% of Mentor-On-The-Lake, Ohio real estate, occupying a total of 1,432 units, while homeowners live in 2,149 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$55,265
Average household size of renter-occupied housing units**
1.72
Rental vacancy rate**
3.9%
Mentor-On-The-Lake, Ohio Renter-occupied housing units by no. of bedrooms**
There are 563 rentals in Mentor-On-The-Lake, Ohio with 2 beds making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 13 units. Overall, the median number of rooms in Mentor-On-The-Lake, Ohio homes for rent is 4.3.
Mentor-On-The-Lake, Ohio Renter-occupied units by age of householder**
Most condos for rent in Mentor-On-The-Lake, Ohio are occupied by residents in the 55 - 59 years age group (24%), followed by those in the 25 - 34 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Mentor-On-The-Lake, Ohio Renter-occupied housing units by family type**
Mentor-On-The-Lake, Ohio Renter-occupied housing units by the presence of own children**
A total of 423 apartments for rent in Mentor-On-The-Lake, Ohio, or 30% of all rentals are family households. Additionally, 15% of rental homes include children under the age of 18 – that’s 211 units. All in all, the median size of a renter-occupied household in Mentor-On-The-Lake, Ohio is 1.72.
Mentor-On-The-Lake, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Mentor-On-The-Lake, Ohio.
Mentor-On-The-Lake, Ohio Renter-occupied units by year structure built**
The highest share of Mentor-On-The-Lake, Ohio apartment rentals, namely 31% or 447 units, were Built 1990 - 1999, followed by those Built 1970 - 1979 (27%, 384 units), and the ones Built 1980 - 1989 (24%, 337 units).
Mentor-On-The-Lake, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Mentor-On-The-Lake, Ohio renters (31%) moved in 2000 to 2009, while only 6% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Mentor-On-The-Lake, Ohio condos for rent is 2014.
Mentor-On-The-Lake, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 58% of Mentor-On-The-Lake, Ohio renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 10% have No vehicle available.
Mentor-On-The-Lake, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Mentor-On-The-Lake, Ohio Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mentor-On-The-Lake, Ohio apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
