Painesville, 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 Painesville, Ohio rental market.
Painesville, Ohio
Average Apartment Rent
$1,445
Y-o-Y Change in Average
Apartment Rent
0.8%
As of May 2026
Compared to a year ago, Painesville, Ohio apartments have recorded a 0.8% rent increase.
Painesville, Ohio Average apartment rent trend
Painesville, Ohio Average Apartment Rent
Painesville, Ohio Apartment rent ranges
At 54.39%, apartments priced $1,500 - $2,000 represent the bulk of Painesville, Ohio rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.99%.
Painesville, Ohio Housing tenure**
Renters take up 52% of Painesville, Ohio real estate, occupying a total of 4,032 units, while homeowners live in 3,755 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$42,726
Average household size of renter-occupied housing units**
2.5
Rental vacancy rate**
1%
Painesville, Ohio Renter-occupied housing units by no. of bedrooms**
There are 1,890 rentals in Painesville, Ohio with 2 beds making up the highest share of the market, at 47%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 67 units. Overall, the median number of rooms in Painesville, Ohio homes for rent is 4.6.
Painesville, Ohio Renter-occupied units by age of householder**
Most condos for rent in Painesville, Ohio are occupied by residents in the 35 - 44 years age group (26%), followed by those in the 25 - 34 years age group (25%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Painesville, Ohio Renter-occupied housing units by family type**
Painesville, Ohio Renter-occupied housing units by the presence of own children**
A total of 1,831 apartments for rent in Painesville, Ohio, or 45% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 1,387 units. All in all, the median size of a renter-occupied household in Painesville, Ohio is 2.5.
Painesville, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 15% of the rental market. In contrast, residents with less than a high school degree reside in 20% of the homes for rent in Painesville, Ohio.
Painesville, Ohio Renter-occupied units by year structure built**
The highest share of Painesville, Ohio apartment rentals, namely 20% or 815 units, were Built 1939 or earlier, followed by those Built 2000 - 2009 (14%, 578 units), and the ones Built 1960 - 1969 (12%, 466 units).
Painesville, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Painesville, Ohio renters (46%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Painesville, Ohio condos for rent is 2016.
Painesville, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Painesville, Ohio renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 17% have No vehicle available.
Painesville, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Painesville, 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 Painesville, 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
