Shaker 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 Shaker Heights, Ohio rental market.
Shaker Heights, Ohio
Average Apartment Rent
$1,782
Y-o-Y Change in Average
Apartment Rent
0.9%
As of May 2026
Compared to a year ago, Shaker Heights, Ohio apartments have recorded a 0.9% rent increase.
Shaker Heights, Ohio Average apartment rent trend
Shaker Heights, Ohio Average Apartment Rent
Shaker Heights, Ohio Apartment rent ranges
At 40.64%, apartments priced $1,000 - $1,500 represent the bulk of Shaker Heights, Ohio rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 6.86%.
Shaker Heights, Ohio Housing tenure**
Renters take up 40% of Shaker Heights, Ohio real estate, occupying a total of 5,192 units, while homeowners live in 7,634 properties.
Median number of rooms of renter-occupied housing units**
4.8
Renter median household income**
$50,194
Average household size of renter-occupied housing units**
1.82
Rental vacancy rate**
6.5%
Shaker Heights, Ohio Renter-occupied housing units by no. of bedrooms**
There are 2,583 rentals in Shaker Heights, Ohio with 2 beds making up the highest share of the market, at 50%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 38 units. Overall, the median number of rooms in Shaker Heights, Ohio homes for rent is 4.8.
Shaker Heights, Ohio Renter-occupied units by age of householder**
Most condos for rent in Shaker Heights, Ohio are occupied by residents in the 45 - 54 years age group (20%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 4%.
Shaker Heights, Ohio Renter-occupied housing units by family type**
Shaker Heights, Ohio Renter-occupied housing units by the presence of own children**
A total of 1,863 apartments for rent in Shaker Heights, Ohio, or 36% of all rentals are family households. Additionally, 16% of rental homes include children under the age of 18 – that’s 833 units. All in all, the median size of a renter-occupied household in Shaker Heights, Ohio is 1.82.
Shaker Heights, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 53% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Shaker Heights, Ohio.
Shaker Heights, Ohio Renter-occupied units by year structure built**
The highest share of Shaker Heights, Ohio apartment rentals, namely 29% or 1,516 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (25%, 1,284 units), and the ones Built 1940 - 1949 (14%, 706 units).
Shaker Heights, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Shaker Heights, Ohio renters (38%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Shaker Heights, Ohio condos for rent is 2016.
Shaker Heights, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 60% of Shaker Heights, Ohio renters have 1 vehicle available per household, 19% of them have No vehicle available, and 19% have 2 vehicles available.
Shaker Heights, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Shaker 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 Shaker 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
