Parma Heights, 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 Parma Heights, Ohio rental market.
Parma Heights, Ohio
Average Apartment Rent
$1,204
Y-o-Y Change in Average
Apartment Rent
4.2%
As of May 2026
Compared to a year ago, Parma Heights, Ohio apartments have recorded a 4.2% rent increase.
Parma Heights, Ohio Average apartment rent trend
Parma Heights, Ohio Average Apartment Rent
Parma Heights, Ohio Apartment rent ranges
At 48.35%, apartments priced $1,000 - $1,500 represent the bulk of Parma Heights, Ohio rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 3.45%.
Parma Heights, Ohio Housing tenure**
Renters take up 42% of Parma Heights, Ohio real estate, occupying a total of 3,926 units, while homeowners live in 5,408 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$40,472
Average household size of renter-occupied housing units**
2.03
Rental vacancy rate**
3.4%
Parma Heights, Ohio Renter-occupied housing units by no. of bedrooms**
There are 1,994 rentals in Parma Heights, Ohio with 2 beds making up the highest share of the market, at 51%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 25 units. Overall, the median number of rooms in Parma Heights, Ohio homes for rent is 4.
Parma Heights, Ohio Renter-occupied units by age of householder**
Most condos for rent in Parma Heights, Ohio are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 65 - 74 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Parma Heights, Ohio Renter-occupied housing units by family type**
Parma Heights, Ohio Renter-occupied housing units by the presence of own children**
A total of 1,699 apartments for rent in Parma Heights, Ohio, or 43% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 785 units. All in all, the median size of a renter-occupied household in Parma Heights, Ohio is 2.03.
Parma Heights, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Parma Heights, Ohio.
Parma Heights, Ohio Renter-occupied units by year structure built**
The highest share of Parma Heights, Ohio apartment rentals, namely 23% or 911 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (22%, 867 units), and the ones Built 1970 - 1979 (20%, 804 units).
Parma Heights, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Parma Heights, Ohio renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Parma Heights, Ohio condos for rent is 2017.
Parma Heights, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 54% of Parma Heights, Ohio renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 15% have No vehicle available.
Parma Heights, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Parma Heights, 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 Parma Heights, 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
